CCRIS B2B system directly interfaces with BNM CCRIS to retrieve online real time credit reports for credit facility processing as well as portfolio review. Our multi-threaded and true straight-through-processing (STP) coupled with
automated bureau scoring enables FIs to achieve a much faster turnaround processing in loan approvals.
The design philosophy with our CCRIS B2B and Credit Scoring is to ensure maximum leverage its core strengths in credit reports. The analytic information based on the CCRIS credit report will enable FI to accelerate the preparation and processing of financial information, rapidly capture and organize relevant credit information, and achieve faster turnaround loan approval process. Also it allows FI to automate and optimize portfolio review, analyze internal and external risk factors and thus integrate policy planning and risk management.
Our application is developed with reliable security features, such as parameterized by authorized users and allows only the authorized users to access specific functions. Also, security at application function, record and field level are also incorporated into our system. Any illegal attempts to access unauthorized application functions are logged. In the event of accessing to CCRIS BNM, the communication is further secured with a pre-registered iVEST Biz Client.
Main Features:
- STP (straight through processing) feature for integration to multiple host systems especially LOS
- Credit report data are stored into database for further analysis and credit scoring
- Flexible credit bureau scoring rule definition enables automated approval
- Reduce costs in retrieving credit reports by avoiding re-submission or redundant submission
- Feature to perform reconciliation against BNM billings
- CCRIS reporting for line management and portfolio review activities
Benefits
- Faster turnaround time for overall loan processing
- Increase efficiency in updating CCRIS for application status
- Reduce cost in retrieving reports by eliminating re-submission or redundant submission
- More tighter, efficient and robust solution to external applications such as LOS
- Lowering technical and administrative resources
- Minimal impact on backend system