Compassway is a full-cycle lending platform with flexible adjustment of loan products and support of the entire working process in terms of adapting the client to the type, servicing and repayment of loans. The system allows you to integrate with trading partners, and you can use sophisticated analytical tools.
AI-Powered Decision Engine
Make your credit decisioning process reliable by optimizing creditworthiness assessment, even when it comes to high-risk borrowers. Make the best use of advanced machine learning and deep neural networks to dramatically improve your credit decisioning's accuracy and speed.
AI algorithms can also help to more easily identify fraud and creates opportunities for improvement of the customer experience across the entire lifecycle.
Loan Origination
A well-organized and easy-to-follow
application process.
Establishing your own parameters
for any stage of the lending process.
Customizable scorecards and credit
decisioning parameters
Applying to the right employee at the right stage of loan origination based on the scope
of their duties.
Automatic document generation and
electronic signature.
Loan Servicing/ Management
Automating the entire loan lifecycle
is what we do best.
Compassway Digital Loan Management system offers you with an effective toolset to serve your clients of all sizes, whether you are just starting your lending business or are already an established loan provider.
The system has a very customizable repayment structure generator built in, which includes annuity and other repayment calculations.
Statistics & Reporting
With custom reports and analytics, you'll be able to track not only overall business performance but dive deeply into the specifics of each metric
A native workplace gathers all the data you need from Compassway portal in one configurable easy-to-read report, including risk assessment, portfolio, and operational information
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Key Product Features
Risk Evaluation
Maximize the portfolio income keeping its risk measure lower than the initial value.
Choose the most relevant algorithms from a wide variety of options.
Reduce the development time from months to days by automatically training, testing, monitoring and controling your model.
Debt Collection
With AI-driven collection priority, delinquent buckets, variable collection techniques, and conversation scripts, you can automate your debt collection activities.
Calculations Engine
There are more than 25+ event types for different use-cases in the system. These events are supported by daily calculation of interest, fees, fee handling, notification creation, and automatic collection at the due date.
Product Engine
The product specification describes which parameters of a particular transaction type are fixed and which values can be changed. You are free to create customized product structures.
Document Management
All loan documentation and statements are automatically generated and readily managed. Specify detailed standards for borrower and loan document collecting, which will be replicated across the platform immediately.
Powerful API Engine
Build, test, and apply customized APIs with Flow Building tools and a built-in Configurator. Perform visual process of no-code integration.
Track how your integrations perform, their uptime, and security.
Borrowers Portal
Borrowers can easily and conveniently manage their data, apply for new loans and repay existing loans. Also, the client can check the balance of the loan debt, find out the amount of the next payment, track recent transactions, and much more.
Tracking the payments
Track payment of overdue invoices at a convenient time for you and your customers. A convenient notification will always warn you about the date of the upcoming payment and the amount of payment.
Configurable Loan Application Flow
A convenient loan application editor allows you to create loan application workflows in a few clicks without the need for coding and special skills. Starting the lending process quickly and being able to make changes while the system is running is our priority.
Dashboard, Email & SMS Notifications
Our loan software is pre-configured for quick integration with email and SMS services.
You can set up notifications for both borrowers and employees to keep track of every step of the loan process.
KYC and
Credit Scoring
Adapted KYC/AML and ID checks. Use machine learning and artificial intelligence to better assess creditworthiness and reduce non-performing loans.
Get a guarantee that only verified users can become customers of your company.
Automatic extract credit data
Automatic extraction of credit data from global and local credit agencies.
Set up automatic data extraction in your preferred currency. The ability to structure and accumulate information for use in the following loans.
WHAT CUSTOMERS SAY
We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services.
We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis Bobrov, CFO of CreditUP
