Credit Card Underwriting


The solution was designed and implemented for 14 products, in 10 languages, in 15 countries, supporting 1,200 users, in just 90 days.

Global commercial credit card underwriting framework deployed in 22 countries in local languages

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Business Problem

  • A Financial institution needed to bring its international underwriting solutions, that had developed organically and independently over time, on to a common underwriting platform to enable the aggressive growth plans in these markets.
  • Current solutions were fragmented, non-scalable and very rigid [did not allow for new score cards, underwriting logic, or new products without significant time and effort].

 

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Solution

  • RAGE-AI enabled unified global underwriting platform, localized to handle specific and unique requirements of 15 markets.
  • End to end capability, from application to scoring and decisioniong.
  • All processing is institutionalized in a flexible manner ensuring high levels of compliance, while allowing for local flexibility.

 

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Benefits

  • End to end process view within a market, and a view of all markets on one platform for the first time.
  • The solution was designed and implemented for 14 products, in 10 languages, in 15 countries, supporting 1200 users, in 90 days.

All locally developed underwriting solutions were shut down.