• CSS SOFTWARE SOLUTIONS, Semitelou 9 , Athens, Greece
  • +30 210 7782 732
  • +30 210 7565 154
  • info@css.com.gr
    css_logo-01css_logo-01css_logo-01css_logo-01
    • HOME
    • ABOUT
    • SOLUTIONS
      • PAYMENT SERVICES
        • WESTERN UNION PAYMENT SERVICES
        • OTHER PAYMENT SERVICES
      • BANKING
        • CREDIT CARDS ISSUING
        • CREDIT CARDS ACQUIRING
        • INTEGRATION W/OTHER BANKING SYSTEMS
        • FIXED INSTALLMENTS LOANS
        • REVOLVING LOANS
      • LOYALTY PROGRAMS
        • FOR CREDIT CARDS
        • FOR PAYMENT SERVICES PROVIDERS
      • FOR PROFESSIONALS
        • FLEET MANAGEMENT
        • PHARMA COMPANIES
        • CREDIT RISK SERVICES COMPANIES
        • LAWYERS SCHEDULING
        • PENSION PLANS
    • SERVICES
    • CASE STUDIES
    • NEWS
    • CONTACT
    • EL
    • EN
    Hermes MTS logo
    HERMES Money Transfer in Greece
    November 9, 2017
    ICAP logo
    • ClientICAP GROUP

    Credit Risk Evaluation for Bank

     

    THE BUSINESS NEED

     

    A major bank in Greece needed to integrate a Credit Risk Evaluation System in its customers loan requests evaluation procedures in order to evaluate its customer’s finance requests efficiently, assist lending processes and better control the underlying credit risk.

     

    THE SOLUTION

     

    CSS as a subcontractor undertook the project’s development for use by the  bank’s corporate credit. The system was developed in Java using the IBM’s WAS (Webshere Application Server) and MS SQL Server data base. The project was addressed to the Bank’s corporate credit and lasted for 5 months. Our company designed and delivered the following:

    1. Workflow design and development for the evaluation of requests for finance by the bank’s corporate credit.
      1. Finance request data entry
      2. Company’s credit score retrieval
      3. Data entry for company’s financial and business information
      4. Initial offer of terms, and customer’s response
      5. Final offer of terms approved by multiple users/levels. Customer’s final response.
    2. Main user screens :
      1. Company’s history log of requests
      2. Company’s history log of credit evaluation
      3. User’s pending requests/request evaluations.
    3. Reporting (compiled by customer and /or bank’s user)
    4. Extensive logging/auditing for all major user interactions with the system during the request evaluation.

    BENEFITS

    The system was installed in the Bank’s Network and the Central Operations in order to support short term loans services or long term financing for Small & Medium Enterprises. After successful installation of the Credit Risk Evaluation System in the Bank’s production environment, the Bank :

    • Covered the requirements relating to the new regulatory framework for the calculation of the capital adequacy of credit institutions,
    • Reduced personnel man-hours for gathering and analyzing data and service of requests,
    • Achieved electronic recording of requests and credit evaluations,
    • Achieved automation of the approval process,
    • Achieved reduction of the cost of operation
    • Established a long-term image of the customer, in order to be able to derive comparative conclusions,
    • Became capable of performing individual analyzes both at customer, store, geographic and economic activity levels,
    • Became capable of evaluating the profitability of the funds and the reserves that should be created from any bad debts per credit risk category.

     

    Related posts

    National Bank of Greece logo
    November 15, 2017

    AS400 Change Management


    Read more
    National Bank of Greece logo
    November 15, 2017

    Credit Cards Billing Process


    Read more
    National Bank of Greece logo
    January 12, 2017

    Loyalty Programs for Greek Super Market chain


    Read more

    CONTACT DETAILS

    CSS SOFTWARE SOLUTIONS

    Semitelou 9, 11528
    Athens, Greece
    tel. : (+30) 210 7782 732
    e-mail : info@css.com.gr

    OUR SOLUTIONS

    PAYMENT SERVICES 

    Western Union payment services
    Other payment services

     

    BANKING

    Credit cards issuing
    Credit cards acquiring
    Integration w/other banking systems
    Revolving loans
    Fixed installments loans

     

     

    LOYALTY PROGRAMS

    For credit cards
    For payment services providers

     

    FOR PROFESSIONALS

    Fleet management
    Pharma companies
    Credit risk services companies
    Lawyers scheduling
    Pension plans

    Custom Software Solutions P.C., Athens, Greece
      EN
      • EL
      • EN