Banking
Idea Bank
For one of the leading retail lending providers in Poland and Belarus HES Fintech delivered a comprehensive POS lending platform.
Challenge
Idea Bank collaborates with more than 2.5 thousand retail chains and online stores all across Belarus to offer consumer lending services. It required a comprehensive system to automate loan application collection and processing for POS consumer financing deals.
Approach
In less than 3 months, the HES project 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.
Result
The solution created by HES achieved all initial project objectives allowing the bank to reduce the application processing time by 5 times.
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.
IdeaBank was looking for the software that could help them manage and track borrowers and merchandising companies. HES Fintech came with the ready technology answers to most of the requirements.
“The system they have built 5x times reduced generation time for each new loan or leasing application.”
Vladimir Pilipenko, CEO at IdeaFinance
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