Idea Bank success story
A comprehensive POS lending platform for one of Poland’s top retail lending providers
HES FinTech introduced its fully-functional POS Lending Platform to automate the processing of loan applications and build a better customer experience.
Founded in
2009
Markets
Poland, EU
Team Size
740
Type
Consumer lending
HES LoanBox reduced the generation time for each new loan or leasing application by 5x.
Vladimir Pilipenko,
CEO at IdeaFinance
Challenge
POS financing deals made easier
Idea Bank collaborates with more than 2.5 thousand retail chains and online stores nationwide
to offer consumer lending services. It required a comprehensive system to automate loan
application collection and processing for POS consumer financing deals.
to offer consumer lending services. It required a comprehensive system to automate loan
application collection and processing for POS consumer financing deals.
Approach
Fast development of a configurable POS platform
In less than 3 months, the HES FinTech team gathered requirements, analyzed and documented
business processes and performed customization and implementation of the solution. The system
was subsequently introduced to all Idea Bank’s partner retail sites.
business processes and performed customization and implementation of the solution. The system
was subsequently introduced to all Idea Bank’s partner retail sites.
3 months
Time-to-market
2.5K
of chain stores using the system
x5
faster application process
Result
Fast & automated loan application flow
With the implementation of HES LoanBox, IdeaBank reduced application processing time by fivefold. The entire process was automated, requiring no additional checks from personnel, which led to significant operating cost reductions and gave IdeaBank a competitive advantage.
Main functional capabilities of the implemented solution include:
- Administrative interface for management of partners, POSs and system users.
- Multiple loan product support.
- Multi-step application process. Template-based document generation.
- Manual and automatic application processing and loan decisioning.
- Integration with the bank’s internal databases, credit bureaus and external data sources.
