GXS Bank's Efficient Onboarding Process with FICO Platform: Delivering Loans in Under 3 Minutes!

GXS Bank has achieved remarkable customer onboarding efficiency. Utilizing FICO Platform, they've significantly reduced the time it takes to approve loans, boasting an onboarding time of under three minutes for the majority of approved GXS FlexiLoan applications.

How do they do it? Through the strategic implementation of FICO Platform's capabilities, GXS Bank automates credit decisions in milliseconds. By leveraging alternative data alongside traditional sources, they've expanded credit access to individuals with limited credit history, a feat that aligns with their commitment to financial inclusion.

Additionally, GXS Bank's agile infrastructure allows for swift deployment of risk policies, ensuring robust risk controls are in place. This flexibility, combined with advanced analytics and flow orchestration, has enabled them to adapt quickly to market demands while upholding stringent risk management standards.

Recognized for their achievements, GXS Bank has been awarded the 2024 FICO Decisions Award for Customer Onboarding & Management, underscoring their commitment to excellence in digital banking.