About this paper

Credits facilities are the livelihood of the banking sector. With inefficient management of the credit lifecycle, the competitiveness of any lender reduces significantly. However, managing this involves a myriad set of decisions to make, policies to set, and teams to collaborate.

Amongst the many, the main areas that require utmost attention are:

•  Real-time credit origination
• Customer limit & price offerings, including up-sell / cross-sell opportunities
• Early warning system for delinquency and default
• Credit monitoring and understanding
• Collections and recovery management system.

During the ongoing COVID-19 scenario, managing these areas efficiently and dynamically will be the differentiator. Both, revenue increase and cost reduction heavily depend on the effectiveness of how the credit lifecycle is being managed.

As a trusted partner to many financial institutions, SAS can help in these areas to complete the digital transformation and support establishing an effective Credit Lifecycle Management.