business process model in banking example

Fund developments by the accounting package manufacturers (SAGE, SAP, etc) to automate the extract of statutory and management accounts into the credit monitoring software in the bank.Greater use of electronic forms, filled in directly by the customer.

Probable investments that are more specific to the business market include: Centralise and automate the monitoring process for excesses.Automate the credit sanctioning process using credit scoring techniques.Hence, the main operational design principles of personal lending will increasingly apply to business lending as well i.e. Computers can beat Kasporov at chess and are reducing in price at 50% per annum they can make good lending decisions, even for relatively complex things like businesses.

We believe this area has lagged behind the personal sector in terms of automation and efficiency because of the emphasis on relationship banking to date. We would welcome evidence to the contrary or in support. In the opinion of the editors, this strategy has been/is successful in reducing costs without harming credit quality or customer service. Automating decision-making on excesses and automated action of consequences (e.g.Automating production and posting of letters and documentation.Automating the sanctioning process via the use of on-line application forms, credit scoring, on-line links to Credit Agencies.

Centralising the loan application processing/sanctioning activities.

Activities that most banks have been undertaking to a greater or lesser extent include: Read a description of the major investment strategies and our opinions of them for each of the operational areas below:įor most banks, personal lending operations has been the beneficiary of substantial efficiency investment in recent years and so further break-through may not be easy. We divide these core banking processes into the following categories. This report examines what strategies and technologies are affecting specific product processing functions within banks. The strategies and technologies outlined in Banking Operations Strategies and Technologies are having a considerable impact on core banking processes.

Business process model in banking example