Major Dominican bank leverages automation to standardize credit assessments, reduce costs, and improve the customer experience
Challenge: Implement an automated system to standardize credit assessments, provide centralized control of credit evaluation policies, and improve the customer experience.
Solution: FICO® Origination Manager
Results: After implementing a new evaluation platform and new scoring models and optimizing credit policies, Banreservas was able to automate 80% of loan decisioning, increase loan processing power by 30%, and reduce processing time by 50%.
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