Loan Origination with Credit Decisioning Powered by AI
Loan Origination by Finbotic helps your business provide borrowers with unparalleled customer experience in a highly configurable yet scalable platform.
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Digital Onboarding
AML and KYC Checks
Loan Application Processing
Credit Scoring and Automatic Decisioning
Meaningful AI in Credit Decisioning
The System comes with a proprietary AI-driven Decision Engine built-in. Finbotic applies machine learning and deep neural networks to automate credit scoring based on traditional and alternative risk assessment data. This approach helps Finbotic grant unmatched credit decisioning accuracy in just 30 seconds
Request a DemoCustomer Onboarding Automation
Lending Challenges Consuming Your Time
No fully digital application capabilities leads to customers using documents and email outside your borrower portal or in-branch applications
Application form is too complicated and rigid so you lose borrowers to your competition
Documents must be submitted via email or as hard copies by customers
Your team can’t automatically accept and process leads from lead-gen services
Solutions with Finbotic
A highly configurable fully digital onboarding workflow with:
A System that is built to support any borrower (SME, individual, etc.) or credit product type
Dynamic forms which allow you to offer the most streamlined application process available
An open API that enables you to integrate with third-party solutions or embed Finbotic into your core lending software
A lead gen management module for automatic upsell and cross-sell campaigns
Manage and monitor lead gen platforms from within your lending platform
The ability to A/B test different workflows with proprietary Finbotic Tools and meaningful Google Analytics integration
The back-office your employees are going to use is design spefically for digital paperless lending and requires little to no human involvement on the loan origination stage. The Finbotic solution is configured by our team to meet every specific requirement of your business. This means you get exactly the functionality you need, with the fastest time-to-market available for the highest quality solution with the most advanced technology on the market.
Solutions we offer
Finbotic provides you with limitless access to the data sources of your choice. But not only access to them, but automatic analysis of the relevant data for credit decisioning. According to a performance test by Hewlett Packard Finbotic is a flexible configuration choice on a highly scalable and reliable infrastructure.
- Traditional Credit Bureau checks automation
- Fully automatic ID verification
- Automatic bank account verification and bank statement scoring
- 200+ built-in fraud detection rules (copy paste, application change, Tor/Proxy, location variance, etc.)
- Intuitive blacklists and watchlists management from the System Bank-office
Automatic Loan Application Processing and Credit Decisioning
Dealing with Outdated Processing and Decisioning
Borrower and loan application data is kept in Excel
Apps get passed back and forth between employees via email and important data points get lost
Making a credit decision may take days or even weeks
Non-standard processes
Workflow is a little too unique for a standard LOS
Solutions we offer
Processing and decisioning configured to your exact specifications
Application to the right person at the right step in the process and presented in the most relevant way for their role
Custom adjustable scorecard and decision rules
A configurable back-office interface for staff and borrowers
Business rules that you can apply to any step of the origination process
Configurable auditing and employee tracking
Simple queue management
Customizable loan statuses
Document generation and e-signature
Streamline your digital lending processes with
The back-office your employees are going to use is design spefically for digital paperless lending and requires little to no human involvement on the loan origination stage.
A robust back-office for your employees
Adjustable online application flow
Instant credit decisioning
An intuitive well-designed fully digital borrower portal
Advanced analytics and management capabilities for the business owner
Streamlined AML and KYC Compliance
Regulatory Compliance Challenges Putting You at Risk
01
ID verification performed manually (visual inspection, manual Credit Bureau checks)
02
Employees have to use multiple systems to do background checks on potential borrowers (Credit Bureau checks, pay verification, bank statements, etc)
03
Documents are imported as unstructured files and must be reviewed manually
04
Inability to adequately protect yourself from common and new types of cyber crime
Our Unique Value Proposition
The Finbotic Enterprise Platform can integrate with your core business systems via robust, flexible, and scalable API connections.
- Fastest time to market (Frost & Sullivan December 2019 Report)
- Flexible pricing model
- Scalable functionality
- 24/7 tech support from lending digitalization experts
Finbotic’s Loan Origination Solution Collects and Evaluates All Leads in One Place
Finbotic offers unmatched flexibility, scalability and usability when it comes to lending automation. The Loan Origination System can be customized to meet the exact needs of both traditional and alternative lenders offering both personal and corporate credit products. The System you get is:
- Perfectly fit to your technical specifications
- Processes 100+ applications at the same time without hampering the performance or quality of the decisions
- Provides uninterrupted uptime and unmatched speed of operations
- Can be cloud hosted by Finbotic or deployed on your local server
- Meticulous information cyber security repercussions
- Proprietary award-winning Decision Engine is a part of the Loan Origination System. Machine learning algorithms and deep neural networks processing borrowers and loan application data
- And much more! Reach out to our team to learn about the functionality that will solve your automation challenges.
Success Stories
Finbotic team was able to provide Zilingo with an end-to-end lending solution that helps us automate origination, approval, servicing, repayment and more. Thanks to its cloud-based nature, our employees and clients around the globe can access the system at any time. In Finbotic we’ve found a reliable partner. We know that whenever there’s a challenge, we can work out the optimal solution together.
Finbotic team was able to provide Zilingo with an end-to-end lending solution that helps us automate origination, approval, servicing, repayment and more. Thanks to its cloud-based nature, our employees and clients around the globe can access the system at any time. In Finbotic we’ve found a reliable partner. We know that whenever there’s a challenge, we can work out the optimal solution together.
The users like the platform we got from Finbotic much better. And regulatory compliance got much simpler. Thanks to Finbotic’s screening and reporting functionality, we weed out the vast majority of the dangerous borrowers. Then the system-generated reports can be used for our regulators. Our new Finbotic platform has exceeded expectations, and the overall user experience has improved.
The users like the platform we got from Finbotic much better. And regulatory compliance got much simpler. Thanks to Finbotic’s screening and reporting functionality, we weed out the vast majority of the dangerous borrowers. Then the system-generated reports can be used for our regulators. Our new Finbotic platform has exceeded expectations, and the overall user experience has improved.
Finbotic facilitated growth and even enabled it. They helped us take excess capacity and fill it. We haven’t changed our business, but we have grown it. In-house financing helps us make sure that the operating rooms are full. With software like Finbotic, any clinic can do it. What’s nice about the platform is its flexibility. The system is structured enough for a newcomer but as you gain expertise it has the flexibility to adjust to a more dynamic organization.
Finbotic facilitated growth and even enabled it. They helped us take excess capacity and fill it. We haven’t changed our business, but we have grown it. In-house financing helps us make sure that the operating rooms are full. With software like Finbotic, any clinic can do it. What’s nice about the platform is its flexibility. The system is structured enough for a newcomer but as you gain expertise it has the flexibility to adjust to a more dynamic organization.
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