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Manual processes make it impossible to keep up let alone, let alone, compete without the modern tools and insights necessary. Successful digitization and automation transformations result in revenue growth and also achieve significant cost savings.
Lending institutions are weighed down by manual processes or rigid disparate and no longer effective legacy systems. BBA's agile team establishes the parameters of the transformation up front, determines the target IT architecture, and implements the agreed solution. Our domain experts, quants and software engineers team up to automate your processes in any and all aspects of the transaction lifecycle, across different segments and asset classes, including internal and external reporting.
BBA deploys an upfront diagnostic to identify the most critical and material opportunities for high impact. We quickly identify root problem causes, standardize and consolidate processes and map them to technology-enabled workflows.
Our fully integrated, configurable solutions include data driven analytics and dashboards to produce automated reporting in the areas of functional, business and compliance areas. Some use cases include, credit processes, regulatory compliance, ALM, IFRS 9, stress testing, model risk management, and profitability analysis.
By automating key processes with BBA, loan applications are quicker, decision making is focused, and processing is seamless. Working with BBA you will
- Gain a competitive advantage through faster responses and enhanced customer satisfaction, since you can redeploy your resources to things that matter most to customers.
- Increase your origination volume capacity and reduce turnaround times, without increasing your operating costs.
- Enhance risk assessment quality and underwriting by providing credit risk managers with a single consolidated view.
- Adhere to regulatory requirements in terms of processes, risk assessments and portfolio management.
ENTERPRISE-WIDE DIGITAL TRANSFORMATION ROADMAP
While the challenges in digital transformations are formidable and the path to ultimate success can be bumpy, experience proves that the efforts expended are more than fully repaid in competitiveness and profitability. Success means better and faster decisions, up to 80 percent sooner, lower operating costs, with 30 to 50 percent less time spent on decision making, and better-quality risk decisions, which translate into greater profitability. Design process focuses on service-rearchitecting, performance integration, feedback loop using web-enabled workflow, which also includes the design for data processing, visualization of performance metrics and a customized dashboard.
FULFILLMENT AND REPORTING PROCESS AUTOMATION
BBA offers credit process automation across an array of credit segments, such as, large corporate, mid-market, SME and retail. We combine design thinking, advisory services and integration of proprietary applications, to embody internally established processes, critical analytics and metrics, considerate of user and approval workflows, data and analytics engines.
A key component of BBA’s automation is its interoperability, enabling integration with BBA’s proprietary applications and accelerators for a seamless and cost-effective client-experience.
Reporting includes aggregate and discrete transaction level performance metrics, such as, credit scoring, Expected Credit Loss, capital required and its countercyclical buffer, lifetime income, regulatory obligations and strategic insights.
COLLECTION AND PROVISIONING WORKFLOW AUTOMATION
Collection and provisioning workflow automation is integral to effective recovery management and collection processes. As soon as default is signaled, remedial workflows are triggered for doubtful and non-performing credits, with a transfer of the relevant data to prompt recovery actions.
CREGULATORY REPORTING AUTOMATION
Whatever your regulatory reporting challenge, we have the expertise and proven track record to implement the right tools for reporting automation. For fastest deployment, we recommend BBA’s proprietary and regulator accredited solution, such as, ECAP Leader.
Thematically, in addition to web-enabled workflows, our solutions provide measurement, testing, and validation of risk parameters using your established spreadsheets and by configuring BBA’s proprietary applications. This increases visibility to capitalization and addresses exceptions. All culminating to seamless reporting through the development of internal and external reporting templates, policy upgrades, and risk dashboards.
MODEL RISK MANAGEMENT REPORTING & AUTOMATION
BBA automates internal processes and established data analytics calculations into seamless model risk management reporting. BBA’s proprietary Model Tek application is available to speed up deployment.
BBA’s model validation solution provides test-based verification that models perform as expected and is aligned with model risk management guidance from regulatory authorities, such as, SR 11-7. Our solution includes robust model governance feature with tailored, risk-based internal audit workflows and executive dashboard.
AML SURVEILLANCE SYSTEM AND REPORTING AUTOMATION
Financial crime driven by money laundering has reached global and stratospheric proportions. Funds laundered are estimated to run into trillions of dollars annually, estimated to be between two to five per cent of the world’s GDP.
As the quantum and risks of laundered money increases, so do the suspicious transaction reports (STRs), corresponding investigations and prosecutions. Each STR provides invaluable clues and insights into the behavioral aspects of the financial crime. With information from the transaction or the individual, BBA identifies key discrete factors to rank order STRs from high to low risk. Predictive factors are presented in the form of a multivariate discriminant analysis model. Using receiver operating characteristic, we test the predictive power of the behavioral factors shortlisted for the model. Other features include biometric and lateral integration with prosecution agencies.