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.

 

  • Credit Risk Evaluation for Bank

    Credit Risk Evaluation for Bank     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.     CSS as […]
    ICAP logo

  • Credit Cards Billing Process

    Credit Cards Billing Process     Our customer needed to replace its credit cards billing process with a new one, in order to  create a new system which would support different interest rates categories, new account repayment, clear aging rules and easy integration with loyalty programs.       CSS […]
    National Bank of Greece logo

  • AS400 Change Management

    AS400 Change Management     Our customer wanted to apply Change Management procedures and standards to its Cards Management System in order to comply with the SOX-404 requirements. The CMS environment was in-house developed in an AS/400 platform but there were no distinct environments for Development, testing, QA and Production. […]
    National Bank of Greece logo

  • Loyalty Programs for Greek Super Market chain

    Loyalty Programs for Greek Super Market chain     Our customer National Bank of Greece wanted to create loyalty program for its AB-VISA credit card product (Super Market co-branding card). The cardholder should gain «points» for every transaction performed with his card, depending on different promotion schemes designed by the […]
    National Bank of Greece logo
EN