Credit Product Configurator PASS Loan Engine
New credit products at the touch of a button
Configure and set up credit products quickly and easily using the product configurator software
Our credit product configurator offers banks and financial service providers the complete processing and contract management of credit agreements. You can handle application workflows as well as dunning and receivables management holistically in the PASS Loan Engine and manage international loan portfolios.
The product configurator covers all typical parameters of credit products. It can also be easily and quickly extended by further individual, bank-specific parameters, from the sales process via API to the settlement of contracts.
An integrated process engine automatically works through defined workflows, back-office processes and regulatory requirements.
DYNAMIC PRODUCTS
Creation of dynamic credit products with interest rates, graded interest rates, floating rates, repayment dynamic, vario capital etc.
RATING & SCORING
Possible to activate the automatic requesting of ratings or external connection to scoring such as SCHUFA for products created
PROCESSING WORK FLOWS
Definition and depiction of processing and back office workflows as well as automatic execution by the process engine
SALES VIA MOBILE DEVICES
Credit calculation and submittal of quotation via tablet and mobile device at the customer’s location
Automated monitoring of credit processes
Cyclical checking of credit processes for changes and execution of predefined actions via Smart Agent
GENERICALLY EXPANDABLE
Quick and modular expansion of the parameters in the product configurator software with regard to bank-specific requirements
Landingpage
- Quick access to important functions in the credit business
- Task stack for process-controlled handling
- Real-time business intelligence and analysis of credit portfolios
- Access to the creation of new contracts
- Current debt levels: secured vs. unsecured
- Real-time repayment and interest flow
Credit recording
- Recording of customer data: A distinction is made between loans taken out and loans granted.
- Quick control of the credit parameters by the employee
- Recording of all documents and scans - which belong to the contract - in the electronic file
Repayment schedule view
The redemption schedule shows all important cash flows at a glance.
View Credit Processing
The screen appears after the contract has been forwarded to back office. The mask supports the implementation of all possible contract changes. In this case it is the application process.
Input mask for contract changes
Various changes to an existing loan can be made here.
PRODUCT SPECIALIST
- Implementation of new credit products in a few days instead of months (short time-to-market)
- Higher budget for product advertising and marketing
- Simple product and intermediary management
IT OFFICER
- Easily connect accounting and payment flows and reporting (SEPA, target, swift etc.) via web service
- API for regulatory requirements
MANAGEMENT
- Reduction in operational and personnel costs through automated process flows (BPM) and digitalization
- Drastic reduction in software development and product maintenance costs (in particular for software providers)
- Competitiveness and unique position through faster product adjustments
| Functionality* | Standard | Extended | Executive |
|---|---|---|---|
| Payout / payment plan modalities (public holiday calendar, postponement of payout date/installment dates) | |||
| Difference between value date and real payout | |||
| Final and processing fee | |||
| Maturity structure (interest and redemption) | |||
| Trash | |||
| Repayment schedule calculation | |||
| Interest methods (30/360, act/360, act/365, act/act) | |||
| Premium/discount | |||
| Limits for the loan amount | |||
| Conditions management | |||
| Insurance fees | |||
| Acquisition / takeover of credit portfolios | |||
| Construction financing (follow-up interest rate) | |||
| Leasing | |||
| Money and capital markets: connection to the PASS Loan Engine | |||
| Calculation of a repayment plan | |||
| Dynamic interest rate adjustments |
| Functionality* | Standard | Extended | Executive |
|---|---|---|---|
| Posting Records/Templates with Information for standard business cases | |||
| Mapping of all regulatory requirements | |||
| Access to core banking data | |||
| User interface for entering all personal and credit application-relevant data | |||
| Cyclical checking of the system for changes | |||
| Automatic distribution of loan payments, installment payments, etc. | |||
| Access to Bundesbank time series | |||
| Skype Online Advice/Customer Identification | |||
| Execution of predefined tasks | |||
| Subsequent entry of workouts | |||
| Establishment of individual booking records | |||
| Free choice of booking codes and prime notes | |||
| Using the Smart Agent | |||
| Connection to an existing personal database | |||
| P2P Lending from private individuals and bank as intermediary |
Interfaces
The architecture of the credit product configurator can be quickly connected to other applications and Core Banking Systems (CBS) via various interfaces (e.g. web services):
Marisk
ACTUS possesses an interface to connect systems to depict the minimum requirements placed upon risk management.
SCHUFA
SCHUFA requests can be prepared and made in the system using data already collected.
PAYMENTS
An interface for payment engines facilitates automatic nostro account management and SEPA-compliant payment processing, including standing order management.
ACCOUNTS
The ACTUS core banking connection has an interface to open accounts of various types and keys.
MASTER DATA
ACTUS collects all the necessary master data in order to meet the regulatory requirements of a core banking system.
REPORTING
Data from the area of CRM and contractual management in ACTUS form the basis upon which the reports are generated.
Our credit product configurator permits all manners of lending business products to be created and can therefore be used by banks, insurance companies, large organizations, trade enterprises, factoring companies, leasing companies, financial service providers, financial intermediary agencies and FinTechs.