Open Credit – Loan Origination Software
THE DIGITAL CREDIT APPLICATION PROCESS AS A COMPETITIVE ADVANTAGE
The banking market is in a state of upheaval: while on the one hand global crises are challenging the world economy and in particular the credit institutions, we are at the same time in a phase of digital upheaval. Fintechs and other new banks are challenging traditional institutions to become more digital and customer-oriented. There is no way around digitalisation in order to survive in the market in the long term, as 70% of banking transactions are now already being carried out online.
Nowadays, consumers require a quick and simple credit application, which can be made anywhere at any time, as well as a quick credit decision. With Collendas Loan Origination Software you can make the step into the future to keep your customers loyal and attract new customers.
COLLENDA OPEN CREDIT – LOAN ORIGINATION
Learn more about our Loan Origination solution.
THE ADVANTAGES FOR YOUR CUSTOMERS
In today’s fast-moving times, the end customer often needs a loan at short notice and flexibly. With our digital credit application line you can turn the entire credit process into a lean and smooth customer journey. The integrated solutions for analysing account movements, identifying the applicant and checking uploaded documents avoid extensive input. Thanks to the automatic application check, the contract can be concluded directly in the portal with a digital signature – from application to signature in a few minutes.
- Enable your customers to apply for a “sofa loan” from the comfort of their own home.
- Reduce the tedious paperwork.
- Help your customers save time with digital file upload and online verification.
ADVANTAGES FOR YOU
The loan origination software is part of our open credit platform, is based on state-of-the-art technology, is user-oriented and is operated in the cloud. Our loan origination software provides complete end-to-end digital processes that help you make your customers happy today and in the future. Credit decisions can be set up flexibly and precisely via the workflow engine and offer the completely digital decision based on freely configurable rules and scorecards. Optical character recognition (OCR) and AI-based pattern recognition processes enable you to automatically check the content and topicality of documents provided. Our PSD2 interface also offers you convenient access to your customers’ bank accounts after they have been authorised, thus eliminating manual effort and increasing security. These technologies not only reduce the workload for your back office staff, but also accelerate the time to loan approval and payment. Product Builder and integrated loan calculator also enable the rapid introduction of new loan products and support your advisors in providing digital and interactive advice. Naturally, we support all types of collateral throughout the entire credit process.
OUR LOAN ORIGINATION SOFTWARE AS A COMPETITIVE ADVANTAGE
Consistent digitisation and acceleration of the financing process is absolutely essential for banks to remain competitive. Be a technological pioneer and thus not only gain new customer groups and market shares, but also benefit from numerous other advantages:
Better Experience
- Strengthen your customer loyalty and increase customer satisfaction with the simple and intuitive user interface of Open Credit Loan Origination.
- Accompany your customer on a smooth, digital journey – 24/7, anytime, anywhere.
Greater Effectiveness
- Manage the higher volume of loans thanks to a fully digital end-to-end loan application software.
- Increase your closing rates and reduce bounce rates by integrating analytics tools within your loan application software.
- Reduce effort and risk through intelligent workflows with integrated AI.
Higher Efficiency
- Reduce costs thanks to intelligent and automated processes.
- Save valuable time by allowing your employees to concentrate on the essential.
- Use only the resources you actually need by operating in the cloud.