Our client, a German universal bank, holds a strong position in the market as a specialist in international shipping, financing renewable energy projects, and financing commercial real estate projects in Europe. As a specialized financing provider, it is of particular importance to the bank to be able to undergo rapid decision-making processes, even for larger investments and thus complex financing structures and products, and to be able to provide its customers with information on the current status of a loan application at any time.
In the scope of a digitalization project, our customer wanted to optimize the process of applying for and granting loans for ship financing substantially. The bank's financing process was characterized by manual processing steps, a lack of transparency regarding the status of the process, and historically grown heterogeneous process flows. Further requirements resulted from the bank's internal restructuring process.
The following challenges shaped the requirements for the project's vision:
Using the tools of the isfinancial banking platform, we implemented the application 'Asset Finance' for our customer. isfinancial is designed specifically for the fast and secure implementation of digital banking solutions. Thus, together with the bank's project team, a productive application could be developed in less than four months. The application is tailored to the requirements of the commercial bank's lending process for ship financing.
The smart capabilities of the business app enable the bank's lending experts to respond immediately to their customers' requests for large-scale projects in shipping, analyze ventures, and provide quick financing offers:
The application maps all steps of the financing process in an audit-proof manner, from the front office to decision-making and archiving in the back office. This has significantly accelerated our customer's structured project financing process and reduced costs:
Access control, logging, replacement of IDV-critical excels, etc.