The Approach: Dynamic Application for Maximum Flexibility
Implement and Maintain Loan Origination and Credit Decisioning Processes
Traditional approaches to system-supported credit processes are too rigid and inflexible to meet the increasing requirements of complexity, transparency and flexibility. With the Credit Management Platform, Bosch Software Innovations offers a transparent and flexible way of implementing and maintaining loan origination and credit decisioning processes.
All components of the platform's logic are graphically modeled in a business-oriented framework.
This means the business user has complete control of all logic modules and can easily modify them as needed and independent of rigid release cycles, while maintaining quality standards. The result is a dynamically generated, executable and comprehensive application, the Credit Manager, which supports the entire credit application process.
The following logic modules are implemented and maintained in the Model Authoring Platform:
Decisioning Models
Rule-based decisioning models enable the implementation of all complex, user-defined logic for customer and transaction assessment (such as scoring/rating) of quantitative and qualitative risk factors. Rules are graphically modeled and maintained within the Model Authoring Platform. There are no limitations to the number or complexity of rating models. The rules support the implementation of PD, LGD and EAD models to apply the Basel II IRB-Approach.
Presentation Models
Rating models are not only dynamic in their calculation and decisioning logic but also dynamic in the data and risk factors on which models are based. When new input or output data is defined for a credit application process, the data must be collected by an analyst and persisted in the database.
To accomplish that, presentation models for the definition and control of web-based user interfaces are also implemented based on rules. That means the model administrator can flexibly define and manage the following content, which can often be quite complex:
User interface elements (such as text fields, number fields, tables, charts, etc.) and their attributes (such as formatting, visibility, convertibility, etc.)
User interface control (displaying different UIs depending on:
User roles and groups in order to display different UIs
Customer or transaction data, for example, to displaying different interfaces depending on specific customer segments
State flows, for example, to adapt the UI to the user depending on the current status of the credit process
Validation rules for user input and data imported from third party systems, in order to generate messages on the web-based user interface depending on the data entered, for example
Process Models
Process models define and maintain of system-supported credit processes. With the process model, the following content is defined using Model Authoring Platform:
- Approval processes (such as the dual-control principle)
- Distribution of tasks (such as exchanging work items through work lists)
- Process escalations
- Actions (events) that can be triggered through the user interface or by the system
- State conditions and transitions
- Data persistence
Integration Models
Integration models make it possible to connect internal and external systems so that, for example, credit bureau calls can be integrated in the credit application process:
- Custom service calls allow any system to be integrated directly from the rule models
- Direct access to relational databases
- Rule-based data cleansing and mapping (to internal data models)
- Integrated data are automatically stored in the underlying data base
- Publishing of data it make it available, for example, for reporting
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