Chennai, August 20: Financial Technology company Polaris Software today announced that HDFC Bank has implemented Polariss “Enterprise Business Rule Engine” for its Retail Asset Lending Business comprising auto and personal loans.
This deployment would enable HDFC Bank to target customers better and manage credit risks effectively, a release said here today.
Polaris’s Intellect Business Rule Engine was a powerful credit decision system that enabled customers to profile and segment for loan products and aids cross-selling and up-selling of related asset products, it said.
The system when coupled with Polaris’s Intellect Origination and application processing solution, completely automates the process of filtering ‘bad applications’ based on configurable and flexible pre-qualification checks. This results in processing of more applications and credit offers only to genuine customers, it said.
The system performed online application scoring and policy evaluation. The next phase of solution implementation was focused on computing behavioural scoring of retail loan applications in conjunction with the Banks Data Warehousing system, the release added.
—Agencies