October 25, 2021 (London) — ABLE Platform, a European provider of financial and banking software solutions, announced the launch of ABLE Platform, a lending service for automation of the entire credit process.

ABLE Platform’s web-based platform digitizes lending, allowing financial organizations to go digital in 2-4 months and launch new products in days.

The three key components of ABLE Platform:

1. ABLE Origination – loan origination platform.

2. ABLE Monitoring – early warning system and CMS.

3. ABLE Collection – debt collection software.

With an out-of-the-box component structure, automated decision-making process, 400+ pre-configured permissions, and control over design elements, ABLE Platform ensures flexibility for finance businesses to customize their needs and that of their clients. 

The multichannel communication element extends the customer experience and takes users from onboarding to disbursement and everything in between.

Yuri Chekalin, Chief Product Officer at ABLE Platform said: 

“By using ABLE Platform’s new lending platform, our partners get pinpoint accurate lending decisions based on AI-technology and machine learning algorithms. The preconfigured functionality and low-code components used in ABLE Platform make it easily tunable for business users. In every implementation, we see how lenders are keen to make their customers’ journey as smooth and seamless as possible. We kept this in mind while building ABLE Platform.” 

“Banks who have used ABLE Platform to automate their lending process confirm up to 90% reduction in operational efforts, compared to a manual process. They also mention that the capability of fully automated and AI-powered decisions allowed them to provide customers with immediate loan application confirmation,” sums up Yuri.