Retail credit has been booming for the past decade, allowing banks to expand their reach. As a result, many new banking products are being introduced and the market has become extremely competitive.

Retail banking is a great source of income to banks, but, unlike corporate credit, the cost associated with the management of every retail customer is higher than the return. Volume is the main criteria for success of a retail product and risk should, therefore, be considered for the entire portfolio of every product.

Banks should be able to increase the volume of their lending while maintaining a certain control on the risk of the product itself. This can only be achieved by introducing an application that will centrally manage the pre-lending decision based on a predefinition of needed customer profiles, or by predefining unwanted profiles of customers.

Bluering Retail Credit is your retail pre-lending solution that will allow you to:

• Define the profile of required customers by product through the introduction of an internal scoring system.
• Define all policies and procedures and directly apply them at the level of application forms.
• Gather and centralize all customer information, financials, documents and transactions for better analyses.
• Have all post lending controls, such as renewal dates, validity dates, maturity dates, payment dates and 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.