Finance companies tend to compete on a relatively small number of variables – price, credit appetite, financial structures, market access (including relationships) and service levels. Increasingly, competition in service levels is being driven by a firm’s digital capabilities – going paperless, using data and interfaces, e-signatures, straight-through processing, and so on. The problem many firms face is where to start, and how to integrate these potentially game-changing advancements without replacing core legacy systems.
The answer may be CAIROSTM. Short for “Credit Analysis Information & Risk Operations System”, it’s a modular platform designed by lenders for lenders. Primarily a software house, the developers of CAIROS invested their own money to successfully lend over £40m at highly attractive RoEs, across three separate national markets – absolutely putting their money where their mouth is!
CAIROS can be deployed as a highly flexible, digitised end-to-end lending platform or – because of its modular nature and more relevant for lenders with an established lending platform – key areas of its functionality can be integrated into a firm’s existing operations, creating significant service gains and efficiency savings in areas such as front office processing.
Minimising disruption to existing operations, this can mean:-
- Faster turnaround of proposals
- Reduced information requests – increasing satisfaction and the flow of leads from customers and brokers
- Digitisation and manipulation of data to enhance underwriting intelligence and feed directly into scorecards
- Increased process auditability
- Lower operating costs
At this early stage we’re looking to work with a small number of lenders on a no-cost, no-commitment basis to understand key pain points, map key processes and define a quantifiable business case for CAIROS adoption.
If this is of interest please contact us using the form below…