Financial institutions today are faced with an increasingly challenging environment to run their business. On one hand, customer expectations include availability of numerous communication and delivery channels, a wide range of competitive product offerings and same day approvals. On the other hand, banks face the challenge of managing sales and credit risk in rapidly volatile markets with diminishing profit margins and fierce competition. In addition, the complexity introduced by rigorous regulatory and corporate governance controls is escalating.
A major aspect of rising to the challenge is choosing the right system. Financial institutions require systems that can streamline and automate their business processes, allowing them to concentrate on their sales process. Systems easily integrate into existing architecture and effectively implement automated controls to reduce operational and credit risk.
ETHIX-Credit is the workflow-based lending module of ITS-ETHIX™ suite. It incorporates multiple business processes including loan origination, credit limit, collateral management and credit risk assessment. ETHIX-Credit offers easy integration with multiple channels and systems that include comprehensive built-in document management functionality, and a highly configurable and flexible product definition engine.
Supported Loan products: With friendly user interface and highly flexibility, ETHIX-Credit supports various types of loan products.
Loan Processing workflow: ETHIX-Credit allows easy tracking of any application before receiving approval.
Interface with External systems: ETHIX-Credit can interface easily with various external systems for a range of purposes including credit checking and fraud analysis.
Reporting: ETHIX-Credit can provide a comprehensive set of reports, including MIS, loan progress, draw-down and workflow statistics. ETHIX Credit also offers a data export function where users can create individual reports to meet specific requirements. In addition, ETHIX-Credit can be easily integrated with third party report writer tools to provide end-user definable reporting.