Fintrak Software Limited, one of the Nigeria’s indigenous financial technology (Fintech) solution providers, gathered together banking and financial industry stakeholders in order to update them on their Credit Risk Management solution known as FinTrak Credit Risk 360.
According to the industry which has its physical presence in some African countries, FinTrak software delivers customised state-of-the-art business transformation solutions that can combine efficiency with critical information needed for management decision-making process.
Group Managing Director, Fintrak Software Limited, Bimbo Abioye who spoke at the gathering, said that FinTrak Credit 360 software has been able to improve user banks overall operational efficiency by over forty percent through automated strategic and digitised policy controls.
He said: “In order to limit human error to the barest minimum, Credit 360 solution comes with artificial intelligence (AI) features. This feature can be used to work on corporate, retail and digital lending programmes and the goal is to provide visibility and control of loan processes and to digitalise it, this is from customer interaction to the complete life cycle of a typical credit transaction.
“The solution is integrated with robust document management system providing capability for operators to work remotely even on their mobile devices. The Credit 360 software for credit managers is mobile friendly for optimised transaction turnaround times with paperless transaction capabilities. The software has been proven to make loan underwriting easier and seamless.’’
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Abioye further explained that the soft wear came in two major languages, English and French adding, “The new Credit 360 software has been described as industry leader and benchmark, with its ability to be customised to fit into the organisation environment. The FinTrak Credit Risk 360 has the capacity to adapt to client’s specific requirements via an intuitive graphical administration platform based on the business and compliance rules management system. Another unique attribute of the software is the dynamic alert and notification module in system popup, email and SMS formats. This feature helps in optimising compliance monitoring, reporting and transparency.’’
With a multi lingual approach he said, the software tracks everything relating to business subjects and people adding that the platform was written to do dynamic underwriting, loan management and analyst rating that can embedded in dynamic approval routing.
On his part, a Credit Manager from Standard Chartered Bank, Olamide Olayeni, described software as one stop solution and assured to educate his organisation on the need to look out for the soft ware.
Also speaking at the event, Head, Risk Management for Access Bank, Paul Asiemo, said that the software takes care of Bassel, saying: “The software insulates you from many documentation issues such including forex issues associated with foreign software purchases among others. The Credit Risk 360 software is very adaptable and can be changed to fit into your banking environment.”
FinTrak Credit Risk 360 has an embedded enterprise document management system which can be used to receive, track and manage and audit documents, it also supports correspondence with third parties’ applications.
