Automated Decisioning via Dashboard
- Philip Awopetu
Users can now streamline their lending process by setting up an automated decisioning system based on pre-determined conditions tailored to their unique use case.
How Do Users Benefit from This Feature?
Users are empowered to:
Develop Multiple Rule-Based Conditions: Create custom rules that fit their business model and use case.
Analyze Statements with Pre-Determined Conditions: Automate the decision-making process by analyzing bank statements using the defined rules.
Automatically Filter Applications: Efficiently filter out applicants that meet or don’t meet the qualifying criteria based on the set rules.
Set Affordability Logic: Implement affordability checks that reveal how much an applicant can realistically repay.
Terminology | Description |
|---|---|
Scorecard | Allows the merchant to select variables of interest and create a set of rules to assess the customer's eligibility to take a loan. |
Affordability Logic | Based on the data provided in the bank statement, the affordability determines the optimal loan amount that the merchant can afford and the monthly based on the projected loan duration and the interest rate on the loan. The integration of affordability assessments enhances the effectiveness of the Scorecard feature, ensuring that loan recommendations are tailored to the merchant's financial situation and contribute to a more informed decision-making process. |