Credit Decisioning

Successful underwriting relies on bringing the right data together from within your organisation and beyond. Supported by configurable workflow, ALFA enables efficient and effective credit decisions.

ALFA provides comprehensive support for both automated and manual credit underwriting processes.

ALFA’s Business Rules Engine provides automated, rules-based credit analysis and decisioning to reflect and enforce your credit policies. Every credit decision is archived, along with all supporting data, to provide a full audit trail and the ability to conduct ‘What If?’ analysis over historic decision data.

To allow the incorporation of credit report information into automated decisions, and to make full credit reports available to users, ALFA provides interfaces with leading credit data providers. Additional automated functionality includes risk-adjusted pricing and embedded fraud detection services.

In the event that a proposal is referred to Credit for a manual decision, ALFA escalates underwriting cases to an appropriate user, taking into account factors such as existing workloads and underwriting authorisation limits.

As users progress a credit application through customisable ALFA Lifecycle Management workflow, ALFA maintains a full audit trail of the underwriting process, including tracking completion of configurable credit-check lists. Document archive functionality and categorised user notes allow for the structured collection of incoming customer, asset and pricing information.

The ALFA data structure supports complex customer group arrangements and can provide a single view of exposure across the group, including all live contracts and payment history. This facility enables effortless exposure analysis and reporting, with no need for manual data collation.

ALFA records and maintains a variety of credit line types. Revolving and liquidating lines can be created and, if desired, set up to cater for specific financial products, assets or currencies. At any point during the underwriting process, authorised users can capture or amend details of associated collateral and securities, thereby establishing the overall exposure position and enabling successful underwriting decisions.