PASS Loan Engine: 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.
Lending 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:
- Installment interval
- Installment rounding
- Installment postponement (postponement of the first installment)
- Redemption schedule calculation: redemption and annuity calculation
- Repayment-free period for real and non-real forward loans
- Value +/- Days: Info field about time-shifted debit in the redemption schedule
- Disbursement payment schedule modalities: Holiday calendar, postponement
- Disbursement date / rate dates
- Difference between value and real payment date
- Requested redemption before offer
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.
- Offer creation (provide redemption schedule)
- Offer acceptance (transfer of the loan to the back office, in some cases with fully automatic checking and disbursement on request)
- Deposit of additional credit addresses
- Deposit/change of reference account for disbursements and installment collection
- Rejection of the offer / cancellation of the credit request
- Query of credit details
- Interest rate changes
- Unscheduled redemptions
- Loan repayment (complete)
- Deposit of credit special fields
- Creation of securities
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.
DYNAMIC PRODUCTS
Dynamic creation of new credit products with interest rates, graded interest rates, floating rates, repayment dynamic, vario capital etc.
RATING & SCORING
Possible to activate the automatic requesting of ratings or external connection to scoring such as SCHUFA for products created
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
Credit calculation and preparation of quotation via tablet and mobile device at the customer’s location
Automated monitoring of credit processes
Cyclical checking of credit processes for changes and execution of predefined actions via Smart Agent
GENERICALLY EXPANDABLE
Quick and modular expansion of the parameters in theder lending engine with regard to bank-specific requirements
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
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
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
- Easily connect accounting and payment flows and reporting (SEPA, target, swift etc.) via webservice
- API for regulatory requirements
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
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
The credit product configurator software possesses an interface to connect systems to depict the minimum requirements placed upon risk management.
SCHUFA
SCHUFA requests can be prepared and made in the system using data already collected.
PAYMENTS
An interface for payment engines facilitates automatic nostro account management and SEPA-compliant payment processing, including standing order management.
ACCOUNTS
The core banking connection of the loan management software has an interface to open accounts of various types and keys.
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
Data from the area of CRM and contractual management form the basis upon which the reports are generated.
Landingpage
- Quick access to important functions in the credit business
- Task stack for process-controlled handling
- Real-time business intelligence and analysis of credit portfolios
- Access to the creation of new contracts
- Current debt levels: secured vs. unsecured
- Real-time repayment and interest flow
Credit recording
- Recording of customer data: a distinction is made between loans taken out and loans granted
- Quick control of the credit parameters by the employee
- Recording of all documents and scans – which belong to the contract – in the electronic file
Repayment schedule view
The redemption schedule shows all important cash flows at a glance.
View Credit Processing
The screen appears after the contract has been forwarded to back office. The mask supports the implementation of all possible contract changes. In this case it is the application process.
Input mask for contract changes
Various changes to an existing loan can be made here.
Our lending management software permits all manners of lending business products to be created and can therefore be used by banks, insurance companies, large organizations, trade enterprises, factoring companies, leasing companies, financial service providers, financial intermediary agencies and FinTechs.