CRIF Credit Framework Chosen by OTP Banka Slovakia for Enterprise Credit Management

Atlanta, GA, April 09, 2014 --(PR.com)-- Striving for quicker customer response times, improved margins and expanded product and channel offerings, OTP Banka Slovakia has decided to replace its existing loan approval system with the CRIF Credit Framework technology and know-how for loan origination and modification, customer monitoring and management and reporting across both retail and business lending segments.

“CRIF is delighted to have OTP Banka Slovakia as a CRIF Credit Framework customer. We are looking forward to a strategic collaboration with the bank and are focused on helping OTP Banka Slovakia achieve its end results,” commented Aldo Bruschi, CRIF Vice President.

“We decided to redesign our lending system with CRIF for several reasons,” says Peter Leško, CRO, OTP Banka Slovakia. “By our meaning CRIF combines the understanding of the credit business in Slovakia, global best-practices in lending processes and risk assessment with the flexible yet comprehensive software framework; it helps us to meet the challenging project deadlines and get the state-of-the-art system in operation quickly. On the top of tight collaboration with CRIF, acting on site in local language, we’re gaining the independence for next parameterization and tuning-up the system; this allows us to reach our goals on the quickly changing market.”

CRIF Credit Framework’s Smart Process Application technology integrates data, predictive analytics and core systems with business user friendly tools to make smarter decisions in the moment. Used by hundreds of financial institutions and business in over 20 countries, it is extremely adaptable to any business, compliance regulation, and country requirement. Flexibility along with control and analytical features allow CRIF Credit Framework customers to be faster, better, and more efficient.