Russia-based Otkrytie Bank has integrated its loan application system with SAS Real-Time Decision Manager, which will allow it to make better loan decisions and provide quick responses to loan applications.
The bank also plans to integrate SAS Real-Time Decision Manager with its recently launched SAS Marketing Automation to incorporate risk-level considerations into marketing offers and make better cross-selling decisions.
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The integration process involved transfer of the bank’s express products and cash loans to the SAS Real-Time Decision Manager.
Otkrytie Bank risk department business partner Vyacheslav Blagirev said in addition to flexible licensing, the SAS Real-Time Decision Manager architecture provides many options for supporting loan decisions, such as integration with credit bureau services and their routing option.
"With SAS, we have lowered risks associated with the performance and fault tolerance of our IT infrastructure," Blagirev added.
"We reduced the average time to review a loan application to two minutes. We also expect to decrease credit bureau inquiries and speed the processing of high-priority loan applications."
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By GlobalDataThe lender also plans to optimise the system logic and migrate remaining loan pipeline functions such as card product strategies to SAS Real-Time Decision Manager.
