Lending Software with Loan Origination & Management

Replacement of Lending platform in 8 weeks

European Microfinance lender selected ABLE to streamline and automate its loan underwriting process in less than 2 months time-to-market

ABLE lending platform was the best fit to replace the initial lending solution because ABLE has reach functionality that is flexible and fast to implement

• ABLE platform maintained a quick integration with the Open API service
• ABLE platform is powered by an in-house developed Decision-making engine to automatize customer data processing
• Decision-making engine allows ABLE to have 10x faster borrower evaluation and lending decisions

In addition, ABLE improved the outdated lending process, which had been re-configured in less than 1 month during the period of implementation

• ABLE is run by an in-house BPM low-code micro-lending platform to allow process configuration in a matter of days, not months

As a result of the project, our client improved the conversion rate by 30% and introduced fully automated “the best product to offer” with less than 60 seconds response time

A Microfinance company from Europe needed to streamline their loan underwriting process to improve conversion rate and propose better services.

The Lender chose ABLE MFI as a lending software solution for processes optimisation. We had strict deadlines (less than 1 month for implementation), as the Lender would like to launch a special offer for the Christmas period. Our solution allowed quick integration with Open API service. Inbuilt BRMS helped to process the customer’ data in an automatic way. This helped the company to evaluate the creditworthiness of potential borrowers and make lending decisions in a fraction of the time it previously took and offer new products to customers, as was planned. Now the approval could be done in less than a minute and conversion rate increased by 30%

Implementation of ABLE Scoring and Decision-making solution

ABLE contains an in-house developed Decision-making engine together with flexible integration and Business Process Automation functionality. For these reasons, a microfinance organization in Asia selected ABLE to reduce manual labor and speed up scoring decision-making.

ABLE lending platform was the best fit to replace the initial lending solution because ABLE has reach functionality that is flexible and fast to implement

First, our client required a smooth integration of its mobile app data and external data providers into the scoring system.

Second, ABLE automated scoring decision-making in real-time.

Third, ABLE consolidated different software modules into a single lending platform with scoring hosting, lending management, and real-time loan disbursement modules.

• ABLE is used to automate and consolidated in a single application lending back office processes

ABLE helped the organization to reach 98% of decisions automatically with no manual underwriting and to decrease the default rate from 16% to 9%

ABLE platform to power the consumer lending startup business

ABLE was selected to power the startup microfinance business with minimum add-on requirements. Our team delivered the web application, automated decision-making, and several key integrations within the limited budget (less than $25.000) in several weeks

Our client decided to work with us because ABLE microfinance management system is a flexible and easy-to-use platform.

• ABLE delivered a ready-made landing page and a borrower portal
• In addition, ABLE contained an in-house developed decision rule builder to implement several risk strategies
• Also, ABLE had customizable scorecards and decision trees to combine borrower data and 3rd party services (Credit Bureaus, Taxation info providers, etc) for instant decisions

As a result of the implementation, the microfinance organization issued its first loan 3 weeks after the start of the project