Time-consuming manual processes? Multiple handovers to manage? Long waits for customers?
No wonder commercial credit data causes you pain. Check out four top hi-tech cures.
COMMERCIAL CREDIT DATA PAINKILLERS
trend sheet
EASE THE PAIN OF CREDIT MANAGEMENT
Commercial credit data can be complex, but it doesn’t have to hurt. Get in touch
to learn how FIS will help you heal your processes to inject efficiency and insight.
Get in touch
Step up efficiency
Save time
Commercial credit data comes in many forms from numerous sources. Imagine the time you’d save if you didn’t have to sift manually through all that data to capture and process the right details.
Now, lenders can use optical character recognition technology to instantly identify the type of document being processed in an application, such as financial statements and borrowing certificates. Then, with machine learning tools, you can automatically extract the necessary data from
each document.
INTELLIGENT DATA CAPTURE
Drive digital transformation
Reduce manual effort
Many lending processes currently involve a gargantuan human effort, especially when it comes to processing borrower data.
Think of robotic process automation (RPA) as the new workhorse of commercial lending. Just like humans, but far faster and more accurate, an RPA engine can log into multiple systems to gather, reformat and enter all the data required for the lending life cycle. Plus, it can initiate reminder emails and alerts to your team when data is missing or processes are delayed.
ROBOTIC PROCESS AUTOMATION
Understand your customers
Deepen your
analysis
From earnings calls and management announcements to news feeds and sentiment analysis, there’s a whole stack of non-traditional unstructured data to be decoded for insight on borrowers. But again, that can take time and manual effort.
Not with natural language processing (NLP), which applies artificial intelligence to analyze and synthesize natural language and speech. NLP can also enrich the data, adding metadata and tags to make your information easier to search for and manage.
NATURAL LANGUAGE PROCESSING
Gain control
Increase visibility
For streamlined, compliant processes and a single source of truth about your customers, commercial lending data needs to be easy to access and interrogate. But do you have a strong enough data management strategy?
If you don't, there’s a whole set of solutions that can help you store, analyze and control your data, with solutions including master data management systems and data lakes, as well as tools for data modeling, visualization and governance.
DATA MANAGEMENT TOOLS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally.
Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
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FIS is a leading provider of technology solutions for merchants, banks and capital markets firms globally. Our more than 55,000 people are dedicated to advancing the way the world pays, banks and invests by applying our scale, deep expertise and data-driven insights. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a Fortune 500® company and is a member of Standard & Poor’s 500® Index.
About FIS
