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We are looking at 2 things primarily in the report: 1. Peer analysis i.e. what systems do top ‘international’ banks have for credit origination. 2. Globally, what are the top 10 – market coverage-wise - out-of-box vendor solutions available in the ‘credit origination’ domain ( credit application proposal, approval & post-approval – across products).
Hello! Thanks for your question about credit origination systems used by top international banks and the top 10 out-of-the-box credit origination vendor solutions. The short version is that I have found through corporate websites, industry reports, regulatory filings, trusted media sites, user forums, and review sites that leading international banks use credit origination systems such as eBworx, Newgen, Atico, NCino, Theta solutions, Nucleus LOS, and Wipro LOS. The top 10 out-of-the-box credit origination vendor solutions are Loandisk, Kwik-Loan, LoanAssistant, Turnkey Lender, HES Lending Platform, creditonline, BytePro, Calyx Point, Encompass360, and CLOUDCREDIT. I have also added other examples of out-of-the-box solutions, including LOS from Object Valley, Kastle Universal Lending, AFSVision, and Misys Fusion Banking Loan IQ, as well as a list of the best commercial loan software. The most useful sources are a list of the best loan origination software in 2017 by Capterra, and a list of the best commercial loan software, also from Capterra. Below you will find a deep dive of my findings.
FINDINGS
General Information
Q1. What systems do top ‘international’ banks have for credit origination?
1. Hitachi eBworx
- eBworx is used by many top international banks in Asia, such as CIMB Group, AmBank, and Alliance Financial Group in Malaysia; OCBC in Malaysia and Singapore; PT Bank Central Asia, PT Bank Internasional Indonesia, and PT Bank Permata in Indonesia; KASIKORNBANK and Capital OK Company Limited in Thailand; and Hua Xia Bank in China.
2. Newgen
- used by Sacom Bank (Vietnam), East West Bank and PR Savings Bank (Philippines), and Bank BTPN (Indonesia).
3. Actico
4. nCino
- nCino, a cloud-based bank operating system with a comprehensive loan origination system, is being used by SunTrust and BNP Paribas-owned Bank of the West.
5. Theta
- clients include DBS Bank (Taiwan, Singapore, and Hong Kong); Affin Bank, Hong Leong Bank, and CIMB (Malaysia); Bank of Asia (Thailand); and National Bank of Pakistan.
6. Nucleus
- extensive list of clients, including China Bank, Bank of Bangkok, BankMuscat, CIMB, BAF India, Bank of Florida, HDFC Bank, ICICI Bank, and others.
- won Best Lending Platform Project award at The 2014 Asian Banker Technology Implementation Awards with ICICI Bank.
7. Wipro
Q2. Globally, what are the top 10 out-of-box vendor solutions available in the ‘credit origination’ domain?
1. Capterra's top loan origination software products, including Loandisk, Kwik-Loan, LoanAssistant, Turnkey Lender, HES Lending Platform, creditonline, BytePro, Calyx Point, Encompass360, and CLOUDCREDIT.
2. Capterra's top commercial loan software products, including Loandisk, CADENCE, HES Lending Platform, Captaloans, Encompass360, iMX, CAMS, Loan Pipeline System, The Northridge Loan System, and ZMath.
3. Object Valley
- product description and clients, including HSBC, Standard Chartered, Bank of Tokyo-Mitsubishi, Bank of China, Bank of Communications, Wing Lung Bank, and China Construction Bank
4. Kastle Universal Lending
5. AFSVision
- product overview and clients, including Bank of America, Capital One, Citi, HSBC, TD Bank, UnionBank, and Santander.
6. Misys
- users include BNP Paribas, Siemens Bank, AIB, Skandinaviska Enskilda Banken, Bank of Cyprus, Bank of Ceylon, Yoma Bank, IBQ, and Banco Popular.
CONCLUSION
To wrap it up, I have learned that leading international banks use credit origination systems such as eBworx, Newgen, Atico, NCino, Theta solutions, FinnOne Cleo, and NetOxygen, and the top 10 out-of-the-box credit origination vendor solutions are Loandisk, Kwik-Loan, LoanAssistant, Turnkey Lender, HES Lending Platform, creditonline, BytePro, Calyx Point, Encompass360, and CLOUDCREDIT. Other examples of out-of-the-box credit origination solutions include LOS from Object Valley, Kastle Universal Lending, AFSVision, and Misys Fusion Banking Loan IQ. Thanks for using Wonder! Please let us know if we can help with anything else!