1.Business Objectives

• Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
• The System had limitations in loan processing and was unable to launch new products in a timely manner
• High Risk due to many manual processes
• integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)

2.Key challenges

• The skill set of the bank local team and knowledge
• Manual Processes (Loans, etc)
• Manual Compliance mechanism – Indonesia’s central bank requirements
• Integration to local clearing payment systems, etc

3.Business Solution

• Development of automated loan origination system using process workflow to cover the life cycle of a loan:
  
  • Document verification/management
  • Collateral Administration
  • Credit Scoring
  • Facility creation, the collection of fees and  finally disbursement of the loan with necessary approvals
• Development of Indonesian regulatory Compliance solution
• Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL

4. Value Created

• Loan processing time reduced from 2weeks to 2days
• New Products could be launched within days
• Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
• Business process automation and availability of MIS reports at HQ level

Project parameter