EQ Credit Services

EQ Credit Services (Core Pancredit) is a credit management solution designed to streamline credit processes, manage risk, and enable informed lending decisions. According to the vendor, this software solution is suitable for businesses of various sizes, from small and medium-sized enterprises (SMEs) to large corporations. It caters to a wide range of industries and professions, including financial institutions, retail and e-commerce companies, automotive dealerships, insurance providers, and telecommunications companies. These businesses can benefit from EQ Credit Services (Core Pancredit) to enhance their credit management operations, improve risk assessment, and optimize their lending capabilities.

Key Features

Loan Origination: According to the vendor, EQ Credit Services (Core Pancredit) automates and streamlines the loan origination process by capturing applicant information, conducting credit checks, and verifying documentation. It supports various types of loans and allows businesses to define their own loan products and eligibility criteria.

Credit Scoring: The vendor claims that EQ Credit Services (Core Pancredit) generates accurate credit scores using advanced algorithms and data analytics. It offers customizable credit scoring models based on specific criteria such as credit history, income, and debt-to-income ratio.

Credit Decisioning: According to the vendor, businesses can make quick and accurate credit decisions using EQ Credit Services (Core Pancredit). It combines credit scoring results with predefined rules and policies to determine whether to approve or decline credit applications. The decisioning engine is highly configurable to handle complex scenarios.

Credit Monitoring: EQ Credit Services (Core Pancredit) provides real-time credit monitoring to proactively assess the creditworthiness and financial health of customers. It offers alerts and notifications for changes in credit scores, delinquencies, and other credit-related events. Comprehensive dashboards and reports help visualize credit performance, according to the vendor.

Automated Workflow: The vendor claims that EQ Credit Services (Core Pancredit) automates credit management processes, reducing manual errors and improving overall efficiency. It provides a centralized platform for managing loan applications, ensuring consistent evaluation and decision-making. Businesses can streamline their credit operations, according to the vendor.

Customizable Application Process: According to the vendor, EQ Credit Services (Core Pancredit) allows businesses to customize the loan application process according to their specific requirements. They can define their own loan products, configure eligibility criteria, and tailor the application workflow to align with their unique needs.

Flexible Decisioning Rules: The vendor states that businesses can define their own decisioning rules based on risk appetite, regulatory requirements, and business objectives. EQ Credit Services (Core Pancredit) provides a configurable decision engine that can handle complex decisioning scenarios, ensuring consistent and compliant decision-making.

Real-time Alerts: According to the vendor, the credit monitoring feature in EQ Credit Services (Core Pancredit) provides real-time alerts and notifications for changes in credit scores, delinquencies, and other credit-related events. This enables proactive credit management and timely actions to minimize risk and optimize lending portfolios.

Comprehensive Reporting: EQ Credit Services (Core Pancredit) offers comprehensive dashboards and reports to visualize credit performance, track credit risk, and identify potential issues, according to the vendor. Businesses can gain valuable insights into their lending operations and make data-driven decisions.

Risk Mitigation: According to the vendor, EQ Credit Services (Core Pancredit) provides timely insights and alerts to help businesses mitigate credit risk. It enables proactive credit management, allowing businesses to take appropriate actions to minimize losses and optimize their lending portfolios.