Scale innovative lending business models through technology

In the next section, we provide an example of how axefinance helps innovative players in the lending market scale their businesses through technology (strategy 2 above). SCALE INNOVATIVE LENDING BUSINESS MODELS THROUGH TECHNOLOGY The lending landscape has witnessed the emergence of an alternative finance sector, which is taking innovative approaches to the lending business model, driven by technology and pressure

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How to Unlock Untapped Efficiency Gains, The Case of An Eastern European Bank

In our previous blog we defined “digital transformation” and shared our views on the lending digitization playing field. Now it’s time to zoom in on the digitalization strategies that we see in the lending market

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Lending Digitalization Blog Series #1 The Playing Field

We view digital transformation as an operational improvement that delivers immediate benefits in efficiency, higher levels of automation and, ultimately more innovative business models.

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The value in digitally transforming credit risk management

An excellent reading by McKinsey&Co about the five fundamental pressures making digitization a MUST HAVE 

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Credit Process Automation as an example of IPA/RPA

Here's an interesting reading by McKinsey about Intelligence Process Automation  IPA What is IPA ? The value of the IPA ? The 6 steps for a successful IPA transformation ? Read the article and learn about the benefits of Credit Process Automation as an example of IPA/RPA More about our solutions
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Credit Officers challenges: managing credit applications efficiently on a daily basis

To turn-around applications fast and in accordance with the bank’s approval process and credit policies, you need a business system that provides information at a fingertips and with a user-friendly interface. The ability to input basic customer information, guarantees, quantitative and qualitative data, plus her appraisal and comments, is essential to ensuring fast and accurate processing of loan applications. The ability to send automatic notifications to your clients is also a key success factor in developing and maintaining harmonious customer relationships.

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Credit Analysts’ challenges: collecting data related to credit applications in the blink of an eye

To handle financing applications from international groups with intricate legal structures, including joint ventures, projects and local subsidiaries of international companies and to present these applications regularly to the Credit Committee you need a functionally rich business solution that gives you immediate access to relevant counterparty information for both the entities and their parent companies; such information includes Basel figures (PD, LGD, EAD) as well as the outstanding amounts already granted, and rating information (which is provided either by Rating Agencies, or generated using the bank’s internal models).

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Risk Directors challenges: managing complexity such as analyzing credit applications in different contexts and managing risk in abiding by the bank’s allocation rules

Within a Multilateral Development Bank you and your team need to of pre-determined limits set on projects, counterparties, parent companies, countries, industry sectors, rating groups, etc. While meeting it commitments to further the advancement of the economies in the developing countries that it is supporting, the bank must howevermanage its risk in abiding by its own allocation rules– between types of project, country of allocation – as defined by the Board of Directors.

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Micro Finance Manager challenges: dealing efficiently with a large volume of files and manage the performance of a disseminated team across various territories

Within a Micro Finance Institution (MFI) in Africa and aware of the large volume of processed files, you want to automate as many tasks as possible, notably the extension of credit to a high number of small borrowers. Identifying bottlenecks in the lending process will enable you to write more business, while quality automation will bring ease of file processing. A number of your agents do not have web access so they need to communicate by other means such as SMS, when requesting a rapid authorization.

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Credit Committe Chair challenges: having and enterprise-wide view of the credit activity and improve the bank performance

Within a major international banking group with your Committee, you select credit files from among those presented by credit analysts after having been assessed by the Risk Department. Using reports from the various departments, the committee reviews and appraises each file in line with the bank’s lending capacity.

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