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.
The system they have built 5x times reduced generation time for each new loan or leasing application.
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 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.
Belarus 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 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.
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
The solution created by HES achieved all initial project objectives allowing the bank to reduce the
application processing time by 5 times. Now the whole process was automated and required no
additional checks from the personnel. It led to significant operating cost reductions.
application processing time by 5 times. Now the whole process was automated and required no
additional checks from the personnel. It led to significant operating cost reductions.
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.
