The lending business has recently gone through a plethora of changes set off by increasing competitive pressures and a rigid regulatory structure. The Origination solution from TCS BaNCS provides banks with flexibility in their automated loan origination process. It simplifies the entire loan management origination process across a wide range of products throughout the entire customer life cycle from financial calculators to real-time decision making, offer and fulfillment, and servicing.

It supports a complete range of processes, from fully-automated processes with automatic approval to exceptions management using defined escalation paths for manual assessment and processing. Its range of products include customer credit facility, personal loans, home loans, and leasing finance.

The combined capability of the rules engine and workflow builder helps financial institutions achieve Straight-Through-Processing (STP) with standardized processes, maximizing efficiency and minimizing risks.

The Origination solution comes with the following features:

  • Workflow builder to allow new processes to merge with existing policies and procedures
  • Rules engine to reduce manual intervention
  • Management tools for task generation, maintenance and closure