PASS Loan Engine (PLE)

Loan management software for banks

New credit products at the touch of a button

Configure and set up credit products quickly and easily using the lending management software

Digitalization is also increasing the pressure on the credit market. Financial service providers need to respond quickly to new requirements. With the credit management software PASS Loan Engine, a wide range of financing products – from annuity loan to leasing product – can be configured via a wizard and implemented at the touch of a button.

Our lending management software consists of two parts, a loan management and product configurator software. It offers banks, FinTechs 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 lending management software covers all typical parameters and process 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.

The process engine automatically works through defined workflows, back-office processes and regulatory requirements according to your specifications.

 

 

Loan management software components

The Lending Engine consists of a product configurator and a product management component.

Product configurator

With the product configurator software you define the individual loan products you want to offer. For this purpose, an extensive repository of function modules is available to you, such as:

An internal workflow is created from several function modules. If smart agents are added to the workflow as control components or linked to external processes, the credit product is created.

PLE enabled Contextual Banking

In addition to the use as an integrated, but still very flexible loan management solution, the function modules, workflows and smart agents can also be addressed via webservices.

This enables financial service providers to implement context-related use cases, such as calculating a loan offer or redemption plan at the point of sale.

Product management

In addition to configuration, the Lending Management Software supports the complete lifecycle of a credit product  –  from sales to conclusion, disbursement, repayment, administration, dunning and recovery.

Loan management software highlights

DYNAMIC PRODUCTS

DYNAMIC PRODUCTS

Dynamic creation of new credit products with interest rates, graded interest rates, floating rates, repayment dynamic, vario capital etc.

RATING & SCORING

RATING & SCORING

Possible to activate the automatic requesting of ratings or external connection to scoring such as SCHUFA for products created

PROCESSING WORK FLOWS

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

SALES VIA MOBILE DEVICES

Credit calculation and preparation of quotation via tablet and mobile device at the customer’s location

Automated monitoring of credit processes

Automated monitoring of credit processes

Cyclical checking of credit processes for changes and execution of predefined actions via Smart Agent

GENERICALLY EXPANDABLE

GENERICALLY EXPANDABLE

Quick and modular expansion of the parameters in theder lending engine with regard to bank-specific requirements

Which credit products can be created using the lending management software?

  • Annuity credit (initial default)
  • Annuity loan
  • Acquisition loan
  • Construction financing
  • Working capital loan
  • Final loan
  • Fixed credit (initial default)
  • Investment loan
  • Microcredit
  • Consumer credit
  • Online credit
  • Personal loans
  • Personal credit
  • Installment credit
  • Repayment loan (initial default)
  • and many more

 

Screenshots of the lending engine

Benefits

PRODUCT SPECIALIST

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

IT OFFICER

  • Easily connect accounting and payment flows and reporting (SEPA, target, swift etc.) via webservice
  • API for regulatory requirements
MANAGEMENT

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

Function overview of the lending management software

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      

* Beside the mentioned functionalities there are more.

Functionality* Standard Extended Executive
Principle of dual control   
Effective annual interest rate   
History   
Basic dunning process   
Prolongation   
Reversal   
Collateral management   
Deferment   
Versioning of products   
Lawyer data     
Receivables Management (PASS Loan Engine)     
Manual/automatic dunning processes      

* Beside the mentioned functionalities there are more.

Functionality Standard Extended Executive
Control and setup of processes, workflows, workouts, offline tasks   
Automatic creation of test reports, release reports, etc.   
Automatic assembly of the electronic file   
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      

* Beside the mentioned functionalities there are more.

Interfaces

The architecture of the loan management software can be quickly connected to other applications and Core Banking Systems (CBS) via various interfaces (e.g. web services):

Marisk

Marisk

The credit product configurator software possesses an interface to connect systems to depict the minimum requirements placed upon risk management.

SCHUFA

SCHUFA

SCHUFA requests can be prepared and made in the system using data already collected.

PAYMENTS

PAYMENTS

An interface for payment engines facilitates automatic nostro account management and SEPA-compliant payment processing, including standing order management.

ACCOUNTS

ACCOUNTS

The core banking connection of the loan management software has an interface to open accounts of various types and keys.

MASTER DATA

MASTER DATA

The lending management software collects all the necessary master data in order to meet the regulatory requirements of a core banking system.

REPORTING

REPORTING

Data from the area of CRM and contractual management form the basis upon which the reports are generated.

Frequently asked questions by our customers

Ole Barkmann

Head of Business Development Financial Solutions

PASS Consulting Group

+49 60 21 . 38 81 75 56