âThe borrowerâs situation may change drastically throughout their debt period. The borrower may lose their job or stop paying off other debts. Changing exchange rates, which may significantly affect the domestic budget, are also important. The credit monitoring system, which systematically controls the borrowerâs financial situation, can be of great help here. Early warning systems (for credits these are monitoring systems) can do a lot to eliminate so called lost credit or endangered credit. This in turn, creates significant savings for the bankâ, comments Anna Wierzchucka, Business Development Manager, Comarch SA.
Comarch Credit Monitoring is a respected application of this type.
âThe Comarch Credit Monitoring system was designed as a basic application, which not only supports the monitoring of debts owed to the bank but also collaterals and the clientâs financial situation. The applicationâs monitoring processes send out signals which assert the necessity of launching an informative-explanatory enquiry with regards to client-bank relations, credit restructuring or debt collectionâ, says Anna Wierzchucka. âAnother method of securing oneself against a potentially problematic credit is a precise analysis of the risk factor at the credit processing stage. Optimally designed processes and scoring models allow for a reliable appraisal of the borrower thus minimizing the risk of giving bad credits. Comarch Credit Process Management integrated with the scoring tool Comarch Scoring Engine supports the process of credit granting and guarantees that the risk factor remains at a level that is acceptable to the bank.