SkinBD is able to integrate your current BPM solution to multiple internal and external data sources. By accessing these sources, credit analysis procedures become more efficient and accurate, while risk associated with lack of sufficient data is decreased. Sales cycles are also accelerated through the automatic enrichment and validation of customer records.
Both companies and consumers have faced challenges with respect to the approval of increased or extended credit lines. This is often due to incorrect risk classification via manual efforts, leading to a credit-crunch scenario for customers who are able to pay on time, or the issuance of more credit to those who do not have the ability to pay.
A fully enriched database is critical to the accuracy profile evaluations, and credit default risk. This ensures more revenue opportunities and continued suitable growth of the company’s loan portfolio.
SkinBD supports BackOffice systems by adding greater precision and assertiveness to the credit approval process. By eliminating conventional processes, evaluation times are reduced, as well as operational costs specific to credit recovery.
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