Smart LOS - Loan origination management solution
Due to the fact that lending activities generate a significant portion of banks’ profits, credit process management is one of their most important functions.
Hyperlogy developed the solution Smart LOS to assist banks in optimizing the credit process, which includes expediting and accurately processing loan application documents and shortening customer service delivery times.
Integrating Smart LOS system in bank brings a variety of excellent advantages to customers and operations such as:
- Optimize transaction time with modern technology integrated on the system
- Save operating costs in the bank
- Improve bank productivity and efficiency
- Track customer’s loan life cycle according to a unified process to improve loan processing quality
- Support the ability to check and monitor credit to help reduce risks in the loan approval process
- Improve transparency and modern security system, hosted in the cloud
Smart LOS integrated directly with Smart RM in Hyperlogy’s Smart Digital Bank ecosystem, helping to speed up the loan approval process from when a customer relationship officer (RM) contacts customers with loan needs until the credit process is completed.
This brings customers a convenient and efficient loan experience at bank.
In order to provide customers with the most cutting-edge service possible, banks need to keep their systems up to date and incorporate technological advancements into them.
Hyperlogy offers cutting-edge, adaptable technology through a group of knowledgeable engineers. Smart LOS makes a scientific, cutting-edge, and efficient contribution to the bank’s credit procedure.
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Hyperlogy deployed SMART eKYC solution for Phu Hung Securities
February 23, 2021
The special feature of BAOVIET Bank’s Smart RM system is its upgraded version that integrates a Loan Origination System (LOS), which helps reduce the bank’s costs by 15-30%, saves up to 30% of time, and improves efficiency by up to 40%.
Smart Form contributes to lowering the average transaction time to 5-7 minutes per transaction, assists ABBank attract more than 368,000 new customers, cutting down operating expenses by 300 billion VND annually, and increasing the revenue by more than 10 billion VND in service fees.
We use Smart Form of Hyperlogy as an unified platform for all online systems as well as teller’s ones at all branches. Then all customer data is centralized into a single database. This unified data system helps us to access and understand every aspect of our customers, bringing high efficiency.
In 2018, Military Bank had 2.6 million active accounts, 1 million more than the previous year. Revenue from MB’s branches increased 40% as digitization helps to make business decisions quickly. In 2018, MB’s processing speed and credit offering to individual customers decreased by 40%, decreased by 24% for SMEs compared to 2017.
By adopting iHCM cloud in our organization, we reduce data processing time up to 80% and improve productivity by 30% in three consecutive quarters. iHCM is an effective performance management software for IEIT.
