In the present environment, banks
and financial services need to re-evaluate their
product lines / strategy, and continuously stress
on launching new, innovative products at a rapid
pace to drive asset growth. Legacy systems are
struggling to meet the associated demands such
as integration with multiple delivery channels,
structuring of loans to suit individual borrower
needs, changing of loan structure during loan
life cycle, improvement of operational efficiency
through outsourcing or module-based integrated
system, maintenance of multi-level complicated
credit policy, collection strategy and compliance
with emerging regulations.
A paradigm shift is underway in
the Lending space. Although legacy systems continue
to dominate the landscape, a number of these
institutions are considering taking on the challenge
of replacing the legacy system.
Intellect Consumer Finance Platform
is a comprehensive, business user friendly,
loan life cycle management solution that provides
flexibility of configuration to ensure faster
product launch and speedier response to customer
and competitive requirements.
With highly parameterized product
definition functions, the system acts as a single
platform for loan products across different
business lines. The set of advanced functions
help companies improve their operational efficiency
and manage risks better.
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