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Product Profile
Corporate credit is one of the major sources of income to banks and financial institutions. It is also one of the main areas of risk that can directly affect their profitability, credibility and growth. Credit portfolios have long been a critical issue to private banks, central banks and regulatory bodies. The Basel committee has been working on this issue and published the Basel II Accords, in which a clearer credit risk methodology was identified.
Private banks worldwide are preparing themselves to define and apply a credit risk policy compliant with Basel II requirements. The most important part of such methodology is to be able to rate and quantify, periodically, the risk of the credit portfolio that will directly affect the capital required for the bank.
Such a post lending approach is both essential and critical, but what is more important is for the banks to enhance their pre-lending process so that they improve their credit portfolio and reduce the credit risk.
Bluering Corporate Credit is your pre-lending solution that will allow you to:
- Identify the potential risk of customers before the fact
- Enhance data availability
- Re-engineer the credit business process
- Introduce best practices and standardization to the credit file
- Simplify financial analyses through enhanced tools
- Offer broader decision-making tools, information and knowledge
- Create a paperless environment through integrated capture of physical documents
- Generate all post lending controls, such as renewal dates, validity dates, maturity dates and payment dates, among others
- Apply triggers and quality control related to the performance of creditors, relationship managers and credit analysts
- Relieve credit analysts and relationship managers from all the hassle of preparation and follow-up of credit files and credit documents, allowing them to focus instead on the credit and risk side of customers
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