Credit Conveyor 2.0: How to Stop Losing Clients and Win the Fight Against FinTech

While your credit committee gathers for a meeting and a paper application travels between offices, your potential client has already received a credit limit on their card from a new FinTech startup. On their smartphone. In 5 minutes. This is the new reality, and in it, speed is everything.

Traditional banks face an existential threat: outdated, disconnected systems (core banking, CRM, scoring) create process 'gaps' that kill speed and, consequently, the customer experience.

The Price of Slowness is Not Just Time. It's Your Business.

Every day of delay in issuing a loan is not just an inconvenience. It's the risk that the client will go to a faster competitor. It's the operational cost of maintaining a large staff to manually 'stitch together' data from 18 different systems. It's the inability to quickly launch new credit products and react to market changes.

You can't replace your core banking system overnight. But you can build an intelligent layer on top of it.

The solution is not to throw out your existing infrastructure, but to unite it with a flexible process engine. LFS Workflow acts as the central 'brain' that:

• Integrates with everything: Thanks to a flexible API and 'smart' vertices, we can connect to your core banking, CRM, credit bureaus, and any other systems, creating a single data flow.
• Automates decisions: The system can automatically check a client against blacklists, calculate a credit score, and make decisions on standard applications without human intervention.
• Manages complex approvals: Dynamic roles allow for the automatic routing of non-standard applications to the appropriate level of the credit committee, and built-in timers (SLAs) ensure compliance with regulatory deadlines.
• Generates documents: The LFS_DOC technology automatically creates a loan agreement with all the necessary data, ready for printing and signing.

This isn't the future. It's a necessity for survival.

Transforming your credit conveyor from a slow, fragmented process into a high-speed digital highway is not just an optimization. It is the only way to compete in the new financial world. LFS Workflow gives you this opportunity while maintaining full control over your data on your servers.