In today’s world of competition in the retail credit market, financial terms are not the only requirement that convinces clients and agents to make decision on what kind of credit line to choose. Simplicity and speed of credits approval is clearly of greatest importance. There is an obvious and explicit need for quick and secure credit applications with a much more simplified credit approval processes.

Clients do need simple procedure when it comes to getting loans at the time they most need it. We need to provide a tool in order to better equip a sales people to effectively communicate with the bank. At the same time bank administrators and clerks require an automated process of loan processing (approving) without client interaction under ordinary circumstances.

For agents who want to offer their clients retail credit without making a visit to the bank, InstantCredit® presents the ideal solution. It is a web based application which allows the clients to communicate with bank from their stores and offices.

The process of approval and credit request completion, compared to existing fax communication procedure, is much faster, simpler and more efficient with InstantCredit®.

• Instant online access to data Improve agent’s ability to be effective and provide customers simplicity of use.
• Increased competitiveness Bank has significant advantage to its competition and leads race with the accelerating business cycles within the banking world.
• More scalability for business growth. Our solution allows continuous reconfiguration and modification of the system, in order to accommodate the on-going introduction of new products and service plans without disrupting operations and increasing developmental overhead.

InstantCredit® is used for delivery of approval and release of credit applications
outside of bank. It is designed for agents who sell their products by bank’s credits.

InstantCredit® scope functions:

• Credit application management
• Agent Administration
• Management of Application Reference Data
• Bank user data lookup
• PDF creation of reports
• Credit Calculator
• Dynamic Application Form generator
• Content Management
• Online help

InstantCredit® is open and interoperable system that follows principles of SOA, composed of low coupled components that communicate using Xml over HTTP protocol. Xml messages that flow through system are defined with Xml Schema.

InstantCredit® consists of following components:

• InstantCredit® Web Client (web application)
• InstantCredit® Web Admin (web application)
• InstantCredit® Messages
• InstantCredit® Connectors
• InstantCredit® Database

InstantCredit® can be easily integrated in Pexim Critesys® Scoring System for strong credit solution.

InstantCredit®  components are implemented in Microsoft C# programming language, Web client are ASP.NET Web applications, while Connectors are windows services. They communicate over HTTPS using XML.

• EASE OF USE - System is easy to use, with consistent user interface.
  Important and commonly used pages should be available through a single
  click. Users should be able to move quickly between pages and screens
  with clear links, easy to understand.
• PERFORMANCE - Users should be able to experience consistent performance each time they visit the system.
• SCALABILITY - The system should be able scale both up and out.
• AVAILABILITY - The system should be up and running, and should have no single point of failure.
• MANAGEABILITY - There a management interface that allows for the modification and
  management of agents and credit reference data.

Agents can log-in and authorize online credit applications with various security options ranging from static passwords; trough one-time password tokens to PKI enabled smart cards.

Distributed components communicate using HTTPS protocol with mutual client and
server authentication and 128-bit encryption. Multi-tier architecture has option for high security mechanisms between tiers.

Implementation of InstantCredit® system to agents and banks provides simple communication and reduction of processes.

Pexim Solutions provides tools that help you stay on top of your business:

• Online Credit Application.
  Processing of credit application starts with application for a corporate or consumer loan product with credit terms online on the web site. After filling application form application system will perform a credit check and notify customer if is accepted or rejected. If application is accepted system will gather all required information for credit product and necessary documents will be prepared for printing and signing.
• Credit Scoring.
  View your credit reports from all national credit bureaus, and get a score.
• Calculators.
  Calculators can help customers to make decisions about finances and near future.
• Credit Analyzer.
  Credit analyzer can evaluate and estimate credit standing based on the information that you enter
• Credit Reports.
  Discover and print information on the variety of issues that can impact on customer financial life.