For a modern fintech – it’s time to say goodbye to entry-level, inadequate origination capabilities and move to the ADEPT Decisions Platform. Our fintech lending toolkit will maximise your portfolios results by optimising all performance metrics.
Why do lenders require a Decision Engine and a Loan Origination System?
What is a Loan Origination System?
Loan Origination Systems (LOS), also known as Application Processing Systems (APS), are complex tools that do a lot of heavy lifting. They have to manage the credit application from inception to completion, including all of the following tasks:
Gather data through application screens, internal files and third-party sources
Understandably, the decisioning capability housed within a Loan Origination System is entry level, and inadequate for the needs of a modern fintech.
ADEPT Decisions Platform
- Implement multiple score types for each application.
- Input traditional, regression, tree and Machine Learning models directly into the system.
- Call external scoring services for frequently redeveloped models.
- Interface directly to a local credit bureau to retrieve data.
- Conduct A/B testing of multiple credit bureaux to find the best data for your decisions.
- Save bureau costs by only calling when necessary.
- Apply policy rules for instant application knock-outs.
- Chain decisioning together to complete full assessment of all application criteria – accept/decline, exposure, affordability, pricing etc.
- Implement A/B testing to improve results.
- Bring activity and velocity data into the decisioning to identify suspicious activity.
- Calculate fraud prevention scores to quantity risk.
- Apply weighted fraud rules to maximise identification and minimise false positives.
Benefits of the ADEPT Decisions over a Loan Origination System
The ADEPT Decision Engine will typically deliver these benefits which are beyond what a standard Loan Origination System can provide.
The ADEPT Decision Engine will typically deliver these benefits which are beyond what a standard Loan Origination System can provide.
A Loan Origination System will be able to perform some basic scoring and policy rules setting, but only a decision engine has the true flexibility and functionality to perform complex calculations and make granular assessments which maximise the results of a portfolio by optimising all performance metrics.
ADEPT Decision Engine Benefits
Originations Metrics | Improvements |
---|---|
Increase Acceptance Rate | + 10-15% |
Decrease Bad Debt | – 20-25% |
Increase Profit | + 15-20% |
Decrease IT Costs | – 35-40% |
Decrease Turnaround Time | – 15-25% |
Increase Take-up Rate | + 5-8% |
What clients are saying
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Our fintech toolkit includes a decision engine, credit risk consulting and advanced analytics to automate and simplify your lending decisions.
Contact us to learn more about how our credit decisioning solutions can benefit your business.
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Elm House, St Julian’s Avenue,
St Peter Port, Guernsey GY1 1GZ,
Channel Islands