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.

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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.
digital loan application

Maintaining profitable customer relationships is more important than ever for banks to survive in today’s competitive market. The preferred strategy for avoiding churn and maintaining customer relationships is to use digital technology which helps to improve customer experience.. Learn how to increase customer loyalty in the digital banking age and download our white paper today.

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:

software loan origination

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.

digital credit application

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.

software digital loan application

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.

CUSTOMER STATEMENTS:

Finanz Informatik

Postbank

LEARN MORE ABOUT OUR SOLUTIONS FOR THE ENTIRE CREDIT LIFECYCLE:

software loan origination

Loan Management

Reduce the manual effort for your loan officers with the help of Collenda Loan Management Software. With the help of intelligent workflows, the loan management software helps you to automate your administrative process from account creation to payment management and the processing of arrears.

loan origination software solution

Collections & Recovery

We provide comprehensive processing support for all levels of complexity of non-performing loans: From the early detection and efficient processing of payment problems to the monitoring and recovery of terminated contracts. Benefit from all automations that increase efficiency.

software loan origination

Performance Management

Improve your repayment rate through more transparent cooperation between lenders and debt collection partners. Receive 24/7 information on debt collection activities and results and objectively analyse and compare the performance of your debt collection partner with the help of more than 40 KPI reports.

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