Credit Risk Managers in the financial sector are one of the key staff that ensure the profitability and survivability of any bank in Nigeria. Their roles in the corporate governance of any organisation cannot be downplayed and the need to align themselves with modern tools and robust solutions helps in reduction of human errors. Fintrak, one of the indigenous fintech (Financial Technology) firm in Nigeria will be bringing to the fore the benefits of FinTrak Credit Risk 360 solution, a financial tool specially designed for Credit Risk Officers, Head of Credit, Credit Monitoring Officers and Credit Analysts in the Financial Sector. This demo is slated to be online, Tuesday 24th of August.
This demo is coming at a time the current global economic impact of COVID-19 is creating significant disruption to borrowers and potentially their capacity to support debt obligations. With lockdowns now being lifted and businesses restarting, Financial Institutions are faced with pressure from regulators and competitors, more so with the increasingly sophisticated customers, but Financial Institutions are often weighed down by manual processes (which put banks at risk of fraud, errors, and bad loan creations) or too rigid legacy systems. Financial institutions can increase their efficiency, develop their market position, and raise their profitability by further automating the lending process and risk measurement techniques.
In this special demo session, Fintrak will be discussing how to process corporate and retail credits on FinTrak Software which can help any financial organization to execute the following activities such as Portal driven Loan origination, Online Loan Appraisal and Documentation (CAM, CAF etc.) with document management system ,Credit Rating and suggestive approval/disapproval based on established criteria, Mobile Loan approval and others such as Loan Management, Loan Provisioning in line with Prudential Guideline, Loan Amortization & Loan Impairment calculations based on IFRS requirements, Loan Monitoring: Comprehensive loan monitoring and early warning alerts and messages and loan covenants Tracking.
FinTrak Credit Risk 360 was designed to help banks meet the need to identify, measure, monitor and control credit risk as well as to determine that they hold adequate capital against these risks and that they are adequately compensated for risks incurred. The Credit Risk 360 solution is Web based and can be easily accessed from all branches of the bank without separate installations on branch-by-branch basis. FinTrak Credit Management solution is a flexible and integrated solution that empowers banks to transform completely their loan proposal management – right from origination to repayment. The solution has the capacity to accommodate variants of credit approval levels. It integrates with the bank’s existing systems to provide a seamless, centralized platform for each stakeholder involved in loan approval. These systems include risks coring engines, loan management systems, and collateral management system among others.
Date & Time: Tuesday August 24th, 2021
Time: 10am – 11.30am
Registration Link: https://us02web.zoom.us/webinar/register/WN_PVyqamA8TRuHlb-USCZDLQ
