Indus Loan Origination

About the Client
The client runs the largest private label credit card program in Thailand, for the largest retail department store in Southeast Asia. Sales Finance is also provided by private label sales finance cards. These products provide financing at department stores and specialty stores to qualified purchasers of items ranging from electronics, electrical appliances, office automation equipment, furniture, sports equipment and musical instruments.

Challenge
The client wanted to adopt a comprehensive application to manage the business processes in order to reduce delinquency costs, improve collector focus, control the business more effectively, track pre-emptive delinquency & improve turn around time in tracking of Private label credit cards, Sales finance business and Personal loan portfolios.

The client wanted to move from Magic ICAPS System to LSI NT to manage huge volume of application Processing and to have a more flexible / parameterized system. Similarly the character based User Interface had to be shifted to GUI.

Solution
The solution provided by us had to support multiple types of applicants and businesses and capable of handling huge volume of data from various external systems. There should also be a platform for tackling and processing repayment/collection operations and provide wider range of reports.

Indus Loan Origination system, the solution offered to the client provided complete supporTANDA stable platform for processing their multiple applications. The credit card business and the closed-end personal loans business were tackled by the system. The Indus Loan Origination System supports processing of applications from external systems such as applications received from corporate websites and applications captured by dealer having his own application.

The system also provides for linkages to external systems such as Internal and external credit bureau, external printing systems and Vision Plus (which sources origination data from LSI for managing Repayments).