Speeding up loan origination
The lending business has recently gone through a plethora of changes set off by increasing competitive pressures and a rigid regulatory structure. To stay successful and gain more credit-worthy customers, lenders must look beyond a siloed structure and manual processes for loan origination.
The Origination solution from TCS BaNCS provides banks with flexibility in their automated loan origination process. It simplifies the entire loan management origination process across a wide range of products throughout the entire customer life cycle from financial calculators to real-time decision making, offer and fulfillment, and servicing.
It supports a complete range of processes, from fully-automated processes with automatic approval to exceptions management using defined escalation paths for manual assessment and processing. Its range of products include customer credit facility, personal loans, home loans, and leasing finance.
The combined capability of the rules engine and workflow builder helps financial institutions achieve Straight-Through-Processing (STP) with standardized processes, maximizing efficiency and minimizing risks.
Simplifying loan management
The Origination solution comes with the following features:
- Workflow builder to allow new processes to merge with existing policies and procedures
- Rules engine to reduce manual intervention
- Management tools for task generation, maintenance and closure
To help you achieve:
- Accelerated time-to-market through flexible configuration options
- Reduced operational risks through minimal manual intervention
- Improved productivity and efficiency
- Lower total cost of ownership
- Increased customer satisfaction
- Streamlined business operations
- BaNCS ADK – Build your own apps
- Cash Management – Optimizing cash quickly and efficiently
- Compliance – Build strength into compliance
- Core Banking -Scale new heights in banking
- FATCA Compliance – Ensure compliance with an intelligent and configurable solution
- Global Risk Management – Get an enterprise view of risk and manage it efficiently
- Islamic Banking – Islamic and conventional banking on a single instance
- Payments – Speed up efficiency in payments
- Reconciliations – Streamlined, end-to-end reconciliations
- Retail Banking – Rapid time to market for your solutions
- Service Integrator – The financially aware middleware
- TCS BaNCS Digital – Allow any place, any time banking
- Treasury – STeP up treasury operations
- Universal Banking – Achieve high levels of automation and accuracy in banking
- Wealth Management -Enable greater transparency in wealth management, faster