Retail and Corporate Banking – Automated Loan Processing
Automate and simplify your e-commerce loan processing front-to-back with comprehensive integration to API technologies, using our AI-powered solution available on ALBAI platform for small and medium sized banks.
Key Features
Timely customer communications with integration to emailing systems and automated emailing.
Fully integrated with multiple customer channels through front-end or API methods to gather loan requests.
KYC and AML verification using firm-data or 3rd party services as required.
Expedited Underwriting validation by running the loan affordability against bank’s loan books for exposure & credit systems.
Automated Loan Operations including loan request approval or rejection, updates to loan systems.
Dashboard Reporting to have single point-of-view on the progress of various loan applications.
Benefits
80%
reduction in operational efforts
200%
productivity increase
90%
error reduction
95%
increase in loan-decisioning accuracy on credit checks and affordability