Overview

The Bank is the consumer division of an American financial services giant. It provides consumers, corporations, governments and institutions with a broad range of financial services and products that enable growth and economic progress.

Requirement

The Bank wanted to implement a credit facility monitoring system that is backed by collateral management system. It had more than 18 legacy product processors that required a centralized limits and collateral management system. The requirement was to roll out the new collaterals and limits management system (CLMS) across the Asia Pacific and Europe, with implementations at multiple locations.

Solution

After a detailed study of multiple vendors in the market, the bank selected Intellect Collateral and Limits Management system to provide centralized monitoring of exposure across all types of customers and loan products. Intellect CLMS is equipped to maintain and monitor all collaterals of the bank and has been built with breach/exception management for automatic detection. It can track multi-tier credit lines while also providing multi-entity application. Intellect CLMS would also be used for maintenance of customers, facility accounts, relationships, associations, limits, forex rates, utilization and repayments amongst others.

Results

The implementation helped the bank in consolidating 18 legacy systems to Intellect CLMS, which provided a comprehensive view of all customers and related collateral. Intellect CLMS upgraded the banks capabilities and delivered the following benefits.

  • Ability to track limits and collaterals for customer and products across PPs.
  • Real-time monitoring of all utilization of the limits.
  • Single view of customer relationship, presenting an accurate picture of the customer’s liability position.
  • Single instance across multiple countries supporting 18 different lines of business including 5 million cards and 600,000 loans