Loxon’s retail lending system is a flexible, state-of-the-art business solution for supporting retail lending activities of financial institutions. The system implements a structured, logical set of pages and data views and patronizes the changing business requirements with a process-managed approach that supports loan origination throughout decision and administration activities.
Retail lending
Retail lending business solution for efficient professionals
Features
- Cover all the (financing) products offered to the Retail client segments and ensure fulfilment of the frequently changing business requirements
- Support the whole lifecycle from the date the customer applies for the loan until the maturity through user friendly screens
- Ensure compliance with the credit policy and banking rules through flexible product parameterization
- Support the decision making process as per the allocation matrix and all decision feedbacks (conditions)
- Improve data quality due to the three-phase error checking and the high integration potential for data retrieval and transfer
- Execute calculations emerging in connection with the credit application
- Generate predefined document templates (e.g. contracts) and reports (e.g. process efficiency reports)
- Create user’s task list based on user’s authority and support alerting mechanism
- Provide support for sales activity in alternative sales channels and support cross / up selling (with CRM module and simulation engine)
- Integrate with other Loxon Products
Main advantages
Reduce time & cost
Improved process
User friendly
Reporting
Analyse
Best performance
Measuring
Accurate access
Documentation
Retail Lending System
helps you to adapt quickly
As the needs are rapidly and often modified, it is crucial to have the capability to be able to easily restructure business logic from the user interface, with the option of modifying the data-registration pages, processes, document and report templates.
The System provides you with the possibility of supporting general bank strategy and to meet all the retail lending requirements arising in the accelerating changes of the business environment. As an advantageous solution, it increases efficiency in all aspects, such as shortening the reaction time of product development and credit approval, reducing paperwork or other cost factors.
Core tasks of the Retail Lending System
What does the Loxon Retail Lending
System do for you?
As a basic requirement, the system can be interfaced with all other IT systems to gain data directly from the primary source and thus avoid unnecessary manual work and ensuring highest data quality possible. All data that is recorded in the System can be verified with automatic checks (formal or logical) or supported with the four-eye principle. Only basic data is needed to be inputted, derived data such as product parameters can be calculated automatically.
The Retail Lending System does not only provide coverage for approving and contracting activities, it also ensures the possibility of handling contract modifications. The System has a product parameterization module which enables your bank resources to flexibly and promptly create new products, define/modify pricing, conditions and checklist.
The System supports multiple task allocation logic and an easily parameterizable notification sending functionality.
Our valued customers
Up-to-date information
Loxon’s retail lending system is capable of running predefined documents and reports to provide up-to-date information about process efficiency and portfolio productivity. This gives you the chance to identify bottlenecks and also ensures management information about all activities and fulfils reporting needs to the authorities. These templates can be prepared by your bank resources with a tool that is easy to parameterize in order to fit customized needs.
Loxon’s retail lending system also works perfectly with our credit rating and credit scoring software, a risk classification tool that prevents bad loans by appraising client/transaction based ratings/scorings for any possible application area where credit assessment should be used.
Loxon Retail Lending can be extended with other modules
- CRM module for supporting operative CRM functionality to ensure effective sales support.
- Simulation module to manage the precalculations by providing indicative offers and highly parameterizable calculations to compare the offerings.
- Campaign management module to increase sales volume by creating customized ad-hoc campaigns, special promotions and measuring campaign activities.
The system is thin client based and runs on a central server (platform independent). You can reach the application through your standard web browser. Due to this architecture, the resources of Loxon’s retail lending system are well concentrated, scalable and easy to maintain.
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