FinnOne™ LENDING
FinnOne™ LENDING: the Power of Total Control. FinnOne™ Lending quantifies, documents and automates the entire lending life cycle.
Supported Technologies
AIX,
HP/UX,
Silicon Graphics IRIX,
Linux,
SCO UNIX/PC UNIX,
Solaris/Sun OS
Web-Based (Browser)
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Pricing
- Unspecified -
info@sobank.it
Additional Product Information
FinnOne™ Lending has been built with the objective of providing operational and decision-making support to all the business lines of Banks and Financial Services Companies. FinnOne™ Lending assists in introducing new product offerings and tailor-made schemes, reducing time-to-market and automating processes so as to provide a distinguishing factor within the retail lending space. FinnOne™ Lending addresses the critical success factors of pricing/service levels/flexible product offerings with a very robust and flexible product management schemata that supports multiple products like personal loans, auto loans, consumer loans, housing loans etc., helping banks and financial institutions gear up for competition. Recognizing the importance of risk management, it incorporates various credit risk rating mechanisms such as an internal scoring engine, integration to customer specific scoring modules and/or interfaces to third party scoring such as Credit Bureaus.
Some of the other prominent features of FinnOne™ Lending are:
Optimizes repayment calculation methods - The system allows repayments to be calculated and simulated in a variety of ways - EMI, step-ups and step-downs to name a few. Charges such as - dealer participation or insurance, can also be amortized with the repayment schedule;
Flexible, powerful and detailed product definition supporting ability to churn out tailor-made ready-to-market Products/Schemes/Promos;
Parameterized payment allocation logic;
Offers accounting templates - The system's intrinsic ability to define varied accounting entries and to map them collectively and cumulatively on to any General Ledger system, tackles the two key issues most organizations need to addressed - Interfacing of General Ledger's and Posting of multiple charges (as a sum total) into one charge in any ledger in the legacy systems;
Highly parameterized for unique and scenario based handling of the various parameters of accounting like charges, allocations, billing and accruals;
Modular design ensures rapid deployment . It also enables tailor-made to requirements implementation with scalability and ramp-up options;
Open architecture and standards. Non-proprietary platforms ensure seamless integration to legacies and rid the burden of being 'locked' to the system