Lending Software Development Services

• Automated borrower onboarding and pre-qualification.
• RPA- and AI-based processing of borrowers’ paper and digital documents.
• AI-powered assessment of borrower credit risks.
• Configurable loan terms (max amount, duration, interest rate, collateral type, etc.) for various borrower segments.
• Automated loan limit and collateral management workflows.
• Intelligent recommendations on loan approval or decline.
• Automated generation of loan agreements.
• E-signing of the lending documents.
• Automated transfer of the approved funds to borrowers.

Value: over 2–25x faster loan origination, 15–20% increase in the loan origination volume with no additional staff, 20% decrease in operational costs, improved accuracy of loan-related decisions.

• Automated data aggregation from credit bureaus and alternative data sources.
• Borrower creditworthiness assessment using traditional and alternative scoring models.
• AI-powered predictive risk analytics.
• Real-time credit score calculation and updating.
• Detailed credit score reports with insights on key influencing factors.
• Regulatory compliance checks for scoring processes.
• Automated detection of credit scoring fraud.

Value: 10–30% improvement in credit decisioning accuracy, an up to 15% increase in loan approvals without taking additional risks, 40–70% manual scoring processes eliminated.

• Template-based creation of loan amortization schedules.
• Automated calculation of monthly principal and interest amounts and other loan-associated fees.
• Scheduled generation of invoices on due loan repayments and sending them to borrowers.
• Real-time tracking of loan repayments by status (received, due, past due).
• AI-supported assessment of loan portfolio risks.
• Automated workflows for loan extension, restructuring, refactoring, etc., upon the request from a borrower.
• Automated loan reporting to the required regulators in the compliant format (e.g., Metro2 format).

Value: Up to 300% increase in the productivity of loan servicing teams, 30%+ shorter loan cycle, minimized credit risks, compliant loan reporting.

• AI-based suggestions on the optimal collection strategies for particular debtors and debtor segments.
• Scheduled and ad hoc omnichannel reminders on due loan repayments.
• Rule-based assignment of debt collection tasks to the debt recovery team members.
• Monitoring the debt collectors’ performance and debt recovery progress in real time.
• Forecasting cash inflow and delinquency rate based on the analysis of borrower performance.
• (for mortgage providers) Automated forbearance and foreclosure workflows in case of a mortgagee’s inability to repay debts for a particular period.

Value: Up to 65% reduction in debt collection costs, 8x faster debt collection processes, 40%+ cut in DSO, 20% decrease in bad debt.

• Scenario modeling and what-if analysis for various loan pricing strategies.
• Real-time monitoring of competitors’ loan prices across relevant public sources.
• AI-powered analysis and optimization of loan prices.
• Automated calculation of prices for various types of loans based on a user-defined pricing strategy.
• User-defined rules for loan price segmentation.
• Scheduled and ad hoc updates of loan prices across the customer-facing platforms.

Value: 1–8% increase in profitability, more than 3x faster loan repricing, enhanced visibility of the loan price performance.

• Centralized borrower profiles showcasing customer interactions and loan history.
• Automated lead capture and borrower potential scoring.
• Borrower data and document management.
• AI-powered suggestions on cross-selling and upselling opportunities.
• Rule-based borrower segmentation for targeted marketing campaigns.
• Automated borrower follow-ups and reminders.
• Real-time performance dashboards and reporting for loan officers.

Value: up to 30% improvement in operational efficiency, 20–25% higher lead conversion rates, enhanced borrower engagement.

• Criteria-based search of the best-fitting loan offerings for borrowers and investment opportunities for lenders.
• A comprehensive loan calculator for borrowers.
• Automated loan underwriting and servicing processes.
• Instant processing of loan-related payments, including payments for the platform services.
• End-to-end traceability of P2P lending activities.
• Trend-based forecasting of P2P lending demand and financial gains from the platform operations.
• (for blockchain-based P2P lending software) Immutable record and full traceability of lending transactions.

Value: An opportunity for P2P lending companies to achieve prompt and high ROI with a highly demanded lending solution.

• Automated generation and submission of loan applications.
• Automated loan repayments via the selected payment method.
• End-to-end audit trail of the user account activities.
• Geography-based KYC/AML verification for the app users.
• Multi-factor authentication, including biometric authentication (e.g., facial or fingerprint recognition).
• AI-powered fraud detection.
• Instant messaging.
• An AI-powered chatbot to help users solve technical, transactional, and security issues.

Value: Increased customer satisfaction and the opportunity to expand the client base, which results in higher financial gains from lending activities.

• Criteria-based search of the fitting loan offers for borrowers.
• Dynamic comparison of loan terms across multiple lenders.
• AI-powered analysis of borrower profiles and personalized advice on the best-fitting loan options.
• Automated loan application submission and tracking.
• Lead management and loan processing features for lenders.
• Lender-side demand analytics to track offer performance.
• Borrower and lender ratings.

Value: an opportunity for the marketplace owner to achieve rapid and high ROI by launching and monetizing a popular lending solution.