A German state bank started a digitalization project with knowis to address the increased demands on the bank's middle office. As one of the largest commercial banks in Germany, the financial institution offers its customers national and international financial services in the areas of real estate, corporate banking & asset finance, and the conveyor business.
When competing for corporate customers, risk analysts and loan specialists have to qualify financing requests quickly while at the same time incorporating the best possible conditions and collateral for the bank. A digital tool is designed to support the bank's back office experts in the tasks of risk analysis and risk assessment that arise during the life cycle of a loan commitment, particularly in corporate banking, and to enable them to respond more quickly to new developments.
The following situation was identified in the discovery workshops and defined the scope of the project:
In cooperation with the project team of our customer, the business application 'Risk Cockpit' was developed using the tools of the isfinancial banking platform. Due to the modular architecture approach of the platform, various modules could be quickly and securely implemented into a solution that maps the reality of the state bank's lending business. The app was therefore already in productive use 5 months after the project kick-off.
Risk Cockpit is tailored specially to the requirements of the back office and offers all the functions needed in connection with the preparation and decision-making of credit proposals. Expert views of loan exposures and ongoing processing procedures simplify and accelerate decision-making processes. The application handles data preparation and supports all processes related to analysis, voting, and decision-making. Additional functions simplify collaboration with other units and communication with the customer:
The application also serves our customer as a starting point for system support of requirements resulting from the guidelines of the European Banking Authority (EBA) and in the context of ESG (Environment, Social, Governance), for example in lending according to sustainability criteria.
"With isfinancial, we have implemented a software solution that digitally maps our existing credit process. This allows us to make credit decisions quickly and securely in new and existing customer business, while minimizing default risks at the same time."
Head of Credit Risk Management of the state bank
ESG calls for smart collaboration among many players in the bank. This makes it a topic for digital transformation initiatives in particular. Find out what a digital solution for ESG reporting might look like in our blog post.