Challenge
Operations teams face inefficiencies in gathering real-time data from corporate clients, leading to delays and manual effort during loan or credit lifecycle monitoring.
Solution
- Automatically checked 100ths Corporate Customers once a day to verify what had changed in terms of risk ratings or any news in government databases
Key Results
- Saved 10,000 man-hours for operations team in a first year.
- Improve customer relationships while the customer doesn’t have to provide information to the bank.
- Automated updating of knowledge base.
- No integration with the internal banking system is required. The SLS platform operated as a standalone system.
Why Choose SLS?
SLS delivers a reliable, automated monitoring process that simplifies corporate banking operations, enhances customer experience, and reduces costs.
Questions Answered:
How can we reduce high portfolio loss rates and improve sales in a competitive lending market?
- Answer: By deploying the self-learning module of the SLS platform, which trains real-time scoring models to better identify and mitigate risks.
What can we do to significantly lower the value of bad loans and save on credit risk costs?
- Answer: The self-learning module reduced bad loans by over 50%, saving significant values in the first year while growing the loan portfolio value by 120%.