Originations (Application Fraud & Credit Risk)
Grow your customer base whilst minimising risk
MinotaurCloud originations configuration enables you to acquire new customers with confidence. It provides a rapid, accurate assessment of risk at application stage, reducing your exposure to delinquency, bad debt and potential fraud.
The solution enables you to assess any type of application or loan (originations) in real-time, providing fast, accurate accept/decline decisions.
The solution applies credit limits and, where applicable, advocates credit strategies such as collection of a deposit. This not only provides you with effective and consistent credit management decisions, but also enables you to extend the reach of your customer acquisition by taking on applicants generally considered as being in the 'grey area'.
Busines benefits:
- Implement quickly, at low cost in a secure ASP environment: Begin application processing quickly, with little upfront investment or ongoing operating costs. All you need to access the solution is a web browser, leaving the hassles of security and maintenance to Neural Technologies
- Control access to data of your choice: Client-configured rules pull data from major consumer/business data sources to reflect your institution’s unique lending policies
- Define policy rules and more: Create policy rules that automatically approve, decline or flag an application for review. You can also configure selected field values (i.e. reasons for decline, product codes or override codes), and assign user authorization levels
- Make compliant, consistent decisions: The system’s workflow automation ensures consistent decisions across channels and lines of business. You’ll be able to demonstrate this consistency to regulators, and address other legal requirements, using the solution’s data extract capabilities to export the score reason codes and decision override codes provided for every application.
- Reduce costs: Automation also allows for more efficient use of resources, less need for manual reviews and the ability to focus on “grey area” applications that need more underwriting attention
- Score virtually any type of loan in real time: Fast, accurate accept/decline and pricing decisions enable you to quickly build portfolio volumes while keeping risk at bay, or focus on reducing risk at your current level of bookings.
About Us
|
|
Services
|
|
Applications
|
|
Industry Sectors
|
