SOLUTIONS FOR FINANCIAL INSTITUTIONS
iLumen powers a wide range of enterprise solutions for Financial Institutions to automate Commercial Lending and to enable Risk, Relationship, and Portfolio Management.
iLumen Decision Analytics Platform™ The iLumen Decision Analytics Platform (iDAP) is the foundation and infrastructure upon which the iLumen value proposition is delivered. iDAP interfaces in real-time with disparate legacy systems to create a unified decision analytics foundation for risk, relationship, and portfolio management. This single decision analytics foundation speeds the flow of 360 degree customer data and analytics into the hands of decision makers to streamline the commercial lending lifecycle from prospecting to underwriting to credit monitoring to risk management to regulatory compliance. Using iDAP, Financial Institutions create competitive advantage by eliminating data redundancies (re-keying), automating reporting and workflow, and enabling straight-through availability of customer intelligence analytics throughout the credit workflow.
Portfolio Connection™ Risk Edition – For Credit and Risk Professionals. Risk Edition leverages iLumen’s real-time analytics platform to automate the monitoring and alerting of compliance exceptions, deteriorating credit, and other portfolio risk outliers in a single view across the commercial portfolio. Using Risk Edition, analysts search, query, and benchmark their portfolios to identify areas of risk and gain visibility across segments, geographies and portfolios. Risk Edition quickly identifies "at-risk" accounts and automatically generates loan review presentations and comparative ratio analyses summarizing key financial trends and specific covenants.
Portfolio Connection™ Relationship Edition – For Sales and Relationship Professionals. Relationship Edition helps Banks increase their commercial banking revenue by identifying new opportunities to grow and retain customer relationships. Using Relationship Edition, the lender can apply analytics and cross-selling criteria to customer financial data to identify business opportunities and automate customer financial analysis. Relationship Edition generates customer specific reports, annual account reviews, pitch books, and visual sales presentations that illustrate the need and potential benefit of financial services for the specific customer or prospect. Reports and queries span across loan products, treasury services, and other financial services.
Customer Connection™ Loan Monitoring Edition – Automated Spreading & Monitoring. Loan Monitoring edition automates the process of borrowers sending financial statement data and compliance documents to the Financial Institution, and subsequently automates the spreading, analysis, covenant tracking, and compliance monitoring of that data. Loan Monitoring edition delivers electronic notifications that remind customers to provide the Financial Institution with required financial data. Customers then login to a branded web portal and securely post their financial documents, data, and supporting schedules required for loan compliance. The system alerts the relationship manager, credit manager, or risk manager when the information is received, and can subsequently auto-spread the data into the Financial Institution’s internal credit systems.
Customer Connection™ Loan Origination Edition – Automated Loan Applications. Loan Origination edition automates the process of collecting Financial Statement data and other loan application data from prospective business loan customers. Loan applicants login to a branded web portal and securely post their financial data, and supporting schedules required for the loan application process. The system alerts the lender when the information is received and can subsequently auto-spread the data into the financial institution’s internal loan systems.