Offering consumer loans represents an attractive growth opportunity for many companies. However, this activity also involves significant risks that must be properly managed. Poor initial assessment of applications, lack of visibility, complex recovery processes... There are many points of vigilance. Fortunately, technology can help you meet these challenges with confidence. Innovative solutions like the Basikon low-code financing platform allow you to automate and secure the entire loan process, from scoring to recovery. Discover how to optimize your risk management and improve the performance of your consumer credit business.

Leverage a Powerful Decision Engine to Score Your Customers in Real-Time

Automate the Analysis of Loan Applications

Manually reviewing each financing request is time-consuming and can lead to subjective decisions. Yet, this step is crucial to accurately assess the risk profile of each prospect. Automated scoring solutions allow applications to be processed in seconds based on predefined rules and automatically accept the least risky profiles.

You define your own eligibility criteria based on your risk policy: age, income, debt... The decision engine then applies them to each application to generate a score. No more hours spent poring over files!

Access Third-Party Data to Enrich Your Analysis

Beyond the information provided by the prospect, it is often necessary to cross-reference different data sources to refine the scoring: payment incident files, credit agencies, etc. Some platforms like Basikon offer the ability to easily connect to these external databases for a 360° view of the risk profile.

You can thus automatically retrieve key data such as the presence of unpaid debts, outstanding loans or the real debt ratio. This allows you to make an informed decision without burdening the customer journey.

Monitor and Optimize the Performance of Your Scoring

Setting up an effective scoring system involves testing different models and continuously evolving them. Monitoring tools allow you to track key indicators such as acceptance rate or default rate by score, and adjust decision rules accordingly.

This way, you can identify the most predictive criteria and gradually refine your model. Some solutions like Basikon even allow you to test the impact of a rule change by simulating its application on an existing portfolio. A good way to find the right balance between commercial appetite and risk control!

Configure Custom Business Rules to Match Your Risk Policy

Define Your Own Eligibility and Pricing Criteria

Each company has its own risk appetite and its own loan granting criteria. Financing solutions must allow for fine-tuning of business rules: acceptance thresholds, pricing grids, etc. Basikon, for example, offers this flexibility of configuration to its clients.

You can segment your offers according to the risk profile and propose adapted conditions: amount, duration, rate, borrower insurance... Everything is automated: as soon as a request matches the criteria of an offer, the associated conditions are applied. This allows you to gain commercial responsiveness without compromising on rigor!

Adapt Your Rules to the Evolution of Your Business and the Market

Your business is evolving, and your decision rules must be able to evolve with it. Low-code solutions like Basikon allow you to adapt business rules autonomously, without the need for IT resources. Changes are immediately reflected in the decision engine.

Are you launching a new offer targeting seniors? A few clicks are all it takes to define the specific criteria and associated conditions. Does a regulatory change require new checks? You can update your rules in full compliance, without delay. Your teams have the ability to adjust the decision engine on the fly.

Automate the Generation of Loan Contracts

Once a loan is approved, the transaction still needs to be contractualized. Some platforms automatically generate contracts from the information entered and the conditions defined in the rules. Documents can be signed electronically to streamline the customer experience.

No more time-consuming back-and-forth between different departments to draft contracts! Basikon, for example, allows you to edit customized documents in seconds, while respecting your legal constraints and graphic charter. Your customers can sign online, for a 100% dematerialized journey from the first click to the release of funds.

Accurately Monitor and Analyze the Performance of Your Portfolio

Visualize Key Indicators of Your Business in Real-Time

To effectively manage a lending business, accurate and up-to-date performance monitoring is essential. Customizable dashboards allow you to visualize the main indicators at a glance: number of applications, acceptance rate, average amount financed, etc.

You can thus follow the evolution of your production and compare it to your objectives. Alerts can be set to inform you in case of deviation. This allows you to stay on track and react quickly if needed!

Analyze Risk at the Portfolio Level

Beyond activity monitoring, it is crucial to keep an eye on the risk level of the entire loan portfolio. Analysis tools provide a consolidated view of risk exposure through various metrics: default rate, cost of risk, etc.

You can finely segment the analysis by customer profile, loan type or vintage. Comparisons between different periods or segments allow you to identify trends. This is an effective way to detect pockets of risk and adjust your strategy accordingly.

Easily Generate Your Regulatory Reports

Institutions granting credit are subject to strict regulatory reporting requirements. Some platforms like Basikon largely automate the production of these mandatory reports. A precious time saver!

The required data is directly extracted from the solution and formatted in the expected formats. A few clicks are all it takes to generate SURFI statements or FICOBA declarations for example. You can also easily produce your own internal reports to monitor specific KPIs. This allows you to focus on analysis rather than data collection.

Automate Collection Processes for Defaulted Loans

Automatically Detect Late Payments and Generate Reminders

Despite rigorous initial scoring, some loans will end up in default. To limit losses, automatic detection of late payments is essential. Gradual reminder scenarios can then be triggered: SMS, emails, letters, etc.

Basikon, for example, allows you to configure multi-channel reminder strategies, from simple notification to legal collection. Messages are personalized according to the customer's profile and the number of days overdue. Your teams can thus focus on the most complex cases.

Segment Receivables to Optimize Collection Strategies

Not all unpaid debts are equal. To optimize collection, you need to adapt your approach according to the debtor's profile, the amount and the age of the debt. A fine segmentation of receivables allows you to prioritize high-stakes cases and guide team actions.

Some solutions like Basikon offer algorithms that analyze the characteristics of each case and recommend the best collection strategy. Receivables are qualified according to their probability of recovery and directed to the right channel. Your teams gain efficiency by focusing on the most complex cases.

Manage the Performance of Your Collection Actions

To continuously improve collection, accurate tracking of results is essential. Detailed reports allow you to measure the effectiveness of different channels (amicable, legal...) and identify potential bottlenecks in case handling.

For example, you can track the 30-day recovery rate, the average cost of recovery per case, or the processing time per phase. Comparisons by customer segment or agency allow you to identify best practices and spread them. These are all levers to boost your recovery rate!

Benefit from a Scalable and User-Friendly No-Code Platform

Take Advantage of a Turnkey Solution, Quickly Operational

SaaS financing platforms are accessible via a simple web browser, without installation. A few days are enough to configure them according to your needs. Their intuitive interface allows for quick adoption by teams.

With Basikon for example, personalized support is offered to define the financing journey adapted to your needs. The platform is then configured to measure, ready to use. Your teams are trained and autonomous in just a few days!

Gain Agility with a 100% Configurable Solution

Each company has its specificities and must be able to have a tailored tool. Low-code platforms like Basikon are fully configurable: subscription journey, decision rules, reports... All accessible from a visual interface.

Thanks to easy-to-use editors, your business teams can evolve the platform autonomously, without technical skills. You can thus finely adapt the solution to your constraints and gain responsiveness in the face of market changes.

Interface Your Platform with Your Existing Ecosystem

Financing solutions must be able to easily interface with existing tools (CRM, accounting...) to avoid double entry and inconsistencies. Ready-to-use connectors or APIs allow these integrations to be developed.

Basikon, for example, relies on an open architecture to be able to interact with third-party bricks. You can thus synchronize customer data with your CRM, automatically feed your accounting or integrate loan subscription into an online purchase journey. The possibilities are multiple to create a fluid and coherent digital ecosystem.

Secure and Develop Your Consumer Loan Business with Technology

Risk management is a major challenge for any company entering the consumer credit business. From the initial assessment of the customer's creditworthiness to the recovery of unpaid debts, each stage of the process has its challenges.

New generation financing platforms provide a comprehensive and tailored response to these issues. They allow you to automate the entire granting and management process, while offering great flexibility in configuration. This allows you to focus on customer relationships and portfolio development, while controlling risks.

With their low-code approach, platforms like Basikon make innovation accessible to all consumer credit players, regardless of their size and level of technological maturity. An opportunity to seize to make credit a real growth lever!