Significantly reduce the abandonment rate of loan applications by transform their receivable finance business from end-to-end, including the implementation of a more efficient, sustainable and accurate credit decisioning process.
Digitise and automate the lending journey through data aggregation and enrichment with an automated workflow and credit assessment and decisioning solution.
The once complex and heavily manual loan origination process was transformed by consolidating legacy siloed systems & processes onto Trade Ledger's modern component-based, cloud-native architecture. In 2020 this Tier 1 Bank rolled out an integrated borrower and lending staff engagement channel with workflow, documents, messaging, task management and user management orchestration in one place.
This has dramatically improved credit decisioning and reduced the time to cash. Automated risk controls using new alternative data sources dramatically improved credit decisioning & fraud assessment with the elimination of most paper-based documents from internal processes.
The Tier 1 Bank solution makes use of the following two platform modules:
Trade Ledger's technology has been rolled out across eight countries, including but not limited to the UK, USA, Singapore and India, with at least four more in the pipeline for 2022