Banks and Financial Institutions
At CreditBPO, we help banks and financial institutions to quickly reduce operational costs and risks in lending through affordable financial technology and benchmarking.
CreditBPO Rating Report©
The CreditBPO Rating Report is a cloud-based risk assessment, benchmarking, and rating solution that you can use to generate, in less than 24 hours, 10-page financial risk write-ups on your commercial or SME borrowers. It also features a data analytics capability that allows you to filter results by industry, rating parameters, and geographical location to give you more granular control of the results. The report, a U.S. copyright-registered solution, is affordable, easy to use, independent, objective, and consistent.
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Grow Your Commercial and SME Loan Portfolio While Reducing Risk
Spend less time investigating and analyzing non-creditworthy loan applications and more time growing your commercial and SME loan portfolio. In a case study, we have determined that a robust financial rating solution can help you shorten your loan origination process by as much as 67 percent, double the productivity of your loan officers, and decrease cost and enable spend-avoidance. Get your business loan clients from application to approval in as short a time as possible.
Our Algorithm Will Do Your Write-ups
Standardize the evaluation process of your business loan applicants’ financial condition by eliminating the subjectivity and cognitive biases inherent in human decision-making. An artificial intelligence-enabled financial technology solution can assist you in analyzing the financial health of loan applicants and weeding out applications that are not qualified. The rating, benchmarking, and write-up are all generated with consistency and comparability by our algorithm, helping lighten the workload of your account officers and credit analysts.
Experience a More Effective Loan Pipeline
Quickly process business loan applications by using financial ratings as a filter. Simply set an acceptable rating range to filter applications and then prioritize the accounts that are ready to move on to the next step in the process. Stop wasting time with a first-in, first-processed workflow and let data-driven analytics help you make good consistent decisions in commercial and SME lending.
But Wait… There’s More!
Give Your AOs the Time to Meaningfully Connect with Clients
Building relationships with clients is an often overlooked but critical aspect of any business transaction. We tend to forget that relationships need nurturing to grow and bear fruit. Cut down the deskwork of your account officers and free them up to do meaningful relationship-building and marketing, cross-selling and upselling, and help them quickly generate more revenue streams and client loyalty for your bank.
Reduce Costs of Compliance to Regulation Now
Through the automation of analysis of the financial condition of your commercial or SME loan applicants, our financial condition rating solution helps lower the cost of compliance to regulation, such as Bangko Sentral ng Pilipinas Circular 855, while capacitating your credit risk teams.
No Worries About Data Security and Privacy
We understand your need for security and privacy of data, which is why we have outfitted our data warehouse with the latest in security solutions. You may also mask the names of companies you want a report for. To make data analytics work, however, you will need to use the actual regional location and industry of these companies.
I Have A Question!
Why should we use audited financial statements for credit risk assessment when they are inaccurate at best?
Not all financial statements are spurious. Even if a business submits inaccurate statements, we have developed the capability of our algorithm to observe relationships between various numbers in audited financial statements to determine any earnings manipulation.
With this in mind, you can use our rating as a quantitative metric in your total assessment. In numerous backtests we conducted on audited financial statements, the algorithm identified, about 85 percent to 93 percent of the time, companies that were eventually blacklisted, proving its predictive capabilities.
The report can be used as an objective pre-filter to identify companies that are within a bank-established acceptable rating range, to move them to the next stage.
Ready To Talk?
Use this form to send us your contact information or click on Request A Demo to schedule a meeting with us. We’ll make sure to get back to you right away. Your privacy is important to us. Any information we collect from you across our website will be treated with the utmost respect and privacy, and in accordance with existing laws, such as the Data Privacy Act of 2012.
We're not sure if our solution is for you. But in today's business climate, it is 100% worth looking into.
CreditBPO is committed to finding solutions to your most pressing challenges. Let’s explore possibilities together!
Most bank lending workflows involve methods of assessing creditworthiness of borrowers. CreditBPO Rating Report© is designed to automate borrower pre-clearance.