Overview

LENDINGNEXT is a digital lending platform designed to streamline and simplify the entire lending experience. It provides a one-stop solution for all lending needs, leveraging digital journeys, a Loan Origination System (LOS), and Customer Relationship Management (CRM), all powered by AI-driven and parameterized Master Data Management (MDM).

Features

• Modern Digital Lending: Allows changing rule parameters through a front-end User Controlled MDM. Leverage parameterized MDM to change Go-No-Go credit rules, deviation rules, and investigation rules on the go. Define clear criteria for loan eligibility based on various borrower characteristics (income, credit score, debt-to-income ratio, etc.). The parameters used in the credit rules can be easily adjusted, allowing lenders to adapt their risk appetite and credit policies as needed. Parameterized credit rules provide a clear and transparent framework for loan decisions.
• Machine Learning Models: Use machine learning models for faster and accurate credit analysis. Process multi-bank statements to automate transaction categorization and detect fraud patterns across various banking formats. Analyze cross-bureau credit data to deliver consolidated insights and automate credit score interpretation across multiple formats. Leverage intelligent pattern recognition to identify early warning signals and assess risks through historical data analysis.
• Upgraded Lending Experience: Offers complete stage visibility, a no-scrolling design, and start, pause, and resume capabilities for maximum flexibility and control. Modern and simplified interface delivers an intuitive and streamlined user experience that enhances productivity.
• Smart, Flexible Lending Journeys: Uses an intuitive drag-and-drop builder with pre-built templates and real-time validation for faster credit approvals and seamless compliance. Dynamic, adaptive forms with field-level validations and conditional logic for a smooth user experience.
• Seamless Application Experience: Enables a seamless application process for multiple products through a single, integrated journey with comprehensive progress tracking and flexible completion options.
• Efficient, Compliant KYC: Speeds up onboarding with fully compliant KYC journeys, lowers costs with remote verification, and seamlessly adapts with ready-to-use digital KYC options.
• Smart Scorecards: Leverage dynamic scoring models that automatically adapt weightages based on historical performance and evolving risk patterns. Evaluate risk comprehensively by combining traditional parameters with alternative data points, including digital footprint and transaction patterns. Customize scorecards in real-time based on product, segment, and geography with automated handling of deviations.
• Smarter Credit Decisions: Automated credit assessment with financial analysis, risk insights, and decision-ready credit memos. Smart document verification with built-in compliance, exception handling, and faster approvals. AI-driven sales assistants for personalized product recommendations, instant quotes, and guided selling.
• Enhanced User Experience: Gain real-time visibility into user journeys to uncover drop-off points and optimize engagement. Leverage data-driven insights to refine experiences and drive higher conversion rates. Continuously monitor, analyze, and improve customer interactions for seamless digital experiences.
• End-to-End Lending Experience: Features 100+ ready connectors, codeless configuration, and multi-app capabilities with restful web services.

Benefits

• End-to-end process management
• Rapid decisioning
• Instant disbursement
• No-code designers for accelerated time-to-market
• Seamless integration with fintech connectors
• Parametrized MDM for agile rule adjustments