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Loan application processing

Category: .

A leading bank adopts AppPoint’s application infrastructure to modernize its legacy loan application processing system improving accessibility, policy enforcement, workflows, and reporting as well as analytical capability.

loan_application_processing
banking-loan-processing

 

Some of the challenges addressed were –

  • Availability/Deployment– Decentralized system requiring infrastructure and support in every branch.
  • Data Integrity– Manual synchronization of data between branches and RO is error prone. Further timely & real-time access to information is not possible across branches and RO, compromising on decision making and response time
  • Security model adopted is limiting and not extensible
  • Lack of workflow, reporting, MIS,
  • No integration with other peripheral system
  • Lack of self service capability & hence end-to-end automation
  • Legacy technology requiring extensive skills and understanding of codebase developed over a decade
  • Multiple application software versions in different branches makes it difficult for support
  • Frequent change in rate of interest make it difficult to update the application resulting in wrong calculations and wrong rate of interest used across
  • Adopting new changes is challenging due to enormous amount of legacy code

banking-loan-processing

Contact Us

For more information or if you have query please reach to us:
Email: info@apppoint.com
Phone : +91 (80) 41103673

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