eNewsletter Summer 2020
Following country-specific initiatives on loan management, Profile is pleased to announce the new release of FMS.next that includes an enhanced version of loan origination, management and collection modules to enable banks and financial organisations to fully administer their loan and microlending needs.
The platform’s new features include full automation of the loan process from origination through to approval, disbursement, servicing and collection, utilising a comprehensive workflow and rules engine to ensure compliance to the legislative directives.
The full STP capabilities of the platform allow for reduction of manual interventions as well as providing the necessary flexibility to differentiate from time-consuming “traditional” banking processes. Going one step forward, as a complete – though fully modular solution – FMS.next can be implemented as a whole loan management offering or as a vertical solution covering specific needs such as Credit Origination or Debt Collection and Recovering.
The solution is already used by established European entities that enjoy the benefits derived from a complete offering. The technology used and channels supported, the flexibility to adopt and adapt to new trends, the streamlining of processes as well as the readiness to work in an open environment where physical access to the branch will not be needed result in a significant cost reduction.