Credit Management Platform

Innovations' Credit Management Platform is a transparent implementation and application of credit decisioning models. The platform has a component-based architecture. Its primary system components are depicted in the following figure.

Model Authoring Platform

The Model Authoring Platform is the central component for implementing and maintaining credit-related decisioning, presentation, process and integration models. It provides a particularly intuitive approach to modeling all logic. The graphical representation is easy to understand and is particularly suited for business experts. Executable program code (Java) is generated from the models and as a result, all modules for operational and analytical credit management are made available.

Team Server Model Repository

Rule models created in the Model Authoring Platform are deposited and administered in the Team Server, a central rule repository. This enables several model administrators to modify credit decisioning models at the same time. All changes are logged so that an older version can be restored later as needed. It also records "who" made "what" change "when". Logic and structural changes can be displayed in a graphical comparison view.

Credit Manager

The Credit Manager is a web-based system for processing credit applications. It supports fully and partially (e.g., including manual underwriting) automated credit processes. Its user interfaces, processes, ratings, scoring models and integration logic are based on the models defined in the Model Authoring Platform.

The Credit Manager has analytical credit management which can be utilized by simulating the modified credit decisioning models prior to deployment, for example by applying them to historical data. Reports compare historic and simulated runs, which allows for impact analysis. Simulations can be based on modified (stressed) risk factors, in addition to modified decisioning models. 

Credit Database

All internal and external input and output data are stored in an auditable database that complies with all regulatory requirements, such as Basel II. The Credit Database has a dynamic data schema which allows additional information (such as manually collected or externally supplied data) to be stored without modification. Any number of revisions can also be stored to ensure fully auditable processing of credit applications.

Interfaces

The Credit Management Platform can be integrated with a company’s existing internal databases and with third party systems (such as banking applications) to enable bi-directional data exchange. External data suppliers can also be integrated with the platform. There is a large number of interfaces for a worldwide connection to credit bureaus.

Interfaces