Post by prisila878 on Feb 20, 2024 2:54:39 GMT
There is another request from business to the system increasing the efficiency of lending. It is important for business that the risk department uses the system effectively, that KPIs are set for the time of making a decision and obtaining an opinion from services at each stage. And the pipeline allows you to digitize all these procedures. That is, we understand in time – up to the minute – when a request from a business has come into risk . And also in time up to the minute when the risks worked out and gave their conclusion. For our shareholders, the most important metrics are time to decision and time to money. With their help, they look at how each service inside the pipeline works, what is the overall decisionmaking time.
The decision can be made either by an authorized person or by the credit Buy Bulk SMS Service committee or the Board in the case of large checks. And it is very important to understand how much time is spent on this, because the competitive advantage of a bank entering the market for a specific product is the speed of offering its service to the client . Simply put, you can either consider an application for a month and say sorry to the client, or you can prescore in 1 day and say the same sorry without wasting the client s time, without asking him to collect dozens of documents and giving clear instructions on when to Reapply again to get approval. Also in the case of approving an application, the conveyor makes it possible to quickly collect a lightweight dossier and start the loan process.
With its help, we understand at what stage we need certain documents and how they form the client s electronic digital dossier. The more automated the loan process is, the more integrations that allow you to quickly process applications, the more competitive the bank is. We have several large corporate clients who receive loans from different banks. They say: We like that you make a decision quickly. And they even agree to a slightly higher interest rate in exchange for speed of resolution. After all, in this way they get the opportunity to quickly develop their business. Andrey Goncharov, block of Ingosstrakh Bank JSC: The benefits of a loan pipeline are obvious. In the SME segment, for example, without a conveyor there is simply nowhere. In our case, we automated large corporate clients. Previously, we worked with them manually, but a number of problems that we had to face prompted the idea of automation.
The decision can be made either by an authorized person or by the credit Buy Bulk SMS Service committee or the Board in the case of large checks. And it is very important to understand how much time is spent on this, because the competitive advantage of a bank entering the market for a specific product is the speed of offering its service to the client . Simply put, you can either consider an application for a month and say sorry to the client, or you can prescore in 1 day and say the same sorry without wasting the client s time, without asking him to collect dozens of documents and giving clear instructions on when to Reapply again to get approval. Also in the case of approving an application, the conveyor makes it possible to quickly collect a lightweight dossier and start the loan process.
With its help, we understand at what stage we need certain documents and how they form the client s electronic digital dossier. The more automated the loan process is, the more integrations that allow you to quickly process applications, the more competitive the bank is. We have several large corporate clients who receive loans from different banks. They say: We like that you make a decision quickly. And they even agree to a slightly higher interest rate in exchange for speed of resolution. After all, in this way they get the opportunity to quickly develop their business. Andrey Goncharov, block of Ingosstrakh Bank JSC: The benefits of a loan pipeline are obvious. In the SME segment, for example, without a conveyor there is simply nowhere. In our case, we automated large corporate clients. Previously, we worked with them manually, but a number of problems that we had to face prompted the idea of automation.