Solve bad credit problems with Comarch Credit Monitoring!

Banks could avoid risky credits if they used a modern IT solution.
By: Anna Lik - PR Manager, Comarch SA (Finance Unit)
 
June 10, 2010 - PRLog -- According to a report by InfoDług, published by the economic data office - eBiuro Informacji Gospodarczej InfoMonitor, Poles have a debt of PLN 19,06 bln. Perhaps banks could avoid risky credits if they used a modern software, which monitors sold credits.

‘The borrower’s situation may change drastically throughout their debt period. The borrower may lose their job or stop paying off other debts. Changing exchange rates, which may significantly affect the domestic budget, are also important. The credit monitoring system, which systematically controls the borrower’s financial situation, can be of great help here. Early warning systems (for credits these are monitoring systems) can do a lot to eliminate so called lost credit or endangered credit. This in turn, creates significant savings for the bank’, comments Anna Wierzchucka, Business Development Manager, Comarch SA.

Comarch Credit Monitoring is a respected application of this type.

‘The Comarch Credit Monitoring system was designed as a basic application, which not only supports the monitoring of debts owed to the bank but also collaterals and the client’s financial situation. The application’s monitoring processes send out signals which assert the necessity of launching an informative-explanatory enquiry with regards to client-bank relations, credit restructuring or debt collection’, says Anna Wierzchucka. ‘Another method of securing oneself against a potentially problematic credit is a precise analysis of the risk factor at the credit processing stage. Optimally designed processes and scoring models allow for a reliable appraisal of the borrower thus minimizing the risk of giving bad credits. Comarch Credit Process Management integrated with the scoring tool Comarch Scoring Engine supports the process of credit granting and guarantees that the risk factor remains at a level that is acceptable to the bank.

Find more infomation about Comarch Credit Monitoring, Comarch Scoring Engine, and Comarch Credit Process Management on www.finance.comarch.com on our website www.finance.comarch.com

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Comarch is a software house and IT services company that specializes in innovative IT solutions for the Financial Services industries. Our solutions cover billing, ERP, IT security, CRM and loyalty management, EDI, sales support and business intelligence.
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Source:Anna Lik - PR Manager, Comarch SA (Finance Unit)
Email:***@comarch.com Email Verified
Zip:31-864
Tags:Bed Credits, Monitoring, Software, Comarch, Credit Risk, Avoid
Industry:Banking, Software, Technology
Location:Krakow - Malpolskie - Poland
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