Retail Credit

Retail Credit has been booming for the past decade, allowing banks to expand their reach. As a result, many new banking products are being introduced and the market has become extremely competitive.

Retail banking is a great source of income to banks, but, unlike corporate credit, the cost associated to the management of every retail customer is more expensive if compared to the return. Volume is the main criteria for success of a retail product and risk should, therefore, be considered for the entire portfolio of every product.

Banks should be able to increase the volume of their lending while maintaining a certain control on the risk of the product itself. This can only be achieved by introducing an application that will centrally manage the pre-lending decision based on a predefinition of needed customer profiles, or by predefining unwanted profiles of customers.

Bluering Retail is your retail pre-lending solution that will allow you to:

  • Define the profile of required customers by product, through the introduction of an internal scoring system;

  • Define all policies and procedures and directly apply them at the level of the application form;

  • Gather and centralize all customer info, financials, documents and transactions for better analysis;

  • Have all post-lending controls such as renewal dates, validity dates, maturity dates, payment dates and others;

  • Apply triggers and quality control related to the performance of creditors, relationship managers and credit analysts;

  • Relief credit analysts and relationship managers from all the hassle of preparation and follow up of credit files and credit documents.

 

Bluering Retail Main pillars

  • Parameterization Capabilities
    The importance of Bluering Retail is its dynamic structure that enables the Bank to remain ahead of a highly demanding and competitive market. The Bank is able to setup major aspects of the system not only to meet the current business requirements but rather to translate the bank’s visions into modern products that are controlled and monitored by a set of tools which were not available before implementing Bluering Retail.

  • Customer Application
    The application submitted for a customer should be thorough to enable the bank to conduct a full assessment and come up with a decision that serves the Bank’s best interests. The system enables to capture information about several areas related to the customer.

  • Application Flow
    After preparing the application and capturing all the data related to it, the user will be able to submit it to a predefined workflow where it will be subject to detailed analysis and assessment until a decision is reached. The application passes through several phases in the flow before a decision is reached.

  • Decision
    The Decision about a customer’s application is usually created after all the required analysis is conducted on the application. The system automatically creates a decision upon the final approval of the application. The system provides the ability to formulate the decision to reflect the actual decision of the bank in relation to the mentioned application.

 

Contact us to get all the details of Bluering Retail.

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