Profile Software, a leading financial solutions provider, announced today that the FMS.next advanced functionality for loans management was further enriched towards improving and simplifying the end-to-end process, over a wide range of business requirements. In view of all the legislative directives towards industries’ support globally, following the pandemic, technology is mobilised to effectively cover these needs.

The upgraded FMS.next Banking platform incorporates Loan Origination, Management and Collection modules to enable banks, FinTechs and financial organisations fully manage their loan and microlending/microfinancing process. Among the platform’s new features is the 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 companies that enjoy the benefits derived from a complete offering. The technology deployed 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.

Profile continuously enriches its solutions’ range, delivering the latest technological features and market updates to industry professionals and organisations to meet the competition challenges as the marketplace evolves.