Simplifying Collateral Management Solution - EvolTech

Simplifying Collateral Management Solution

Challenges

Leading banks of Australia have problem managing collateral platform
Many offerings have collateral management embedded in larger Origination system or core banking systems; this makes it difficult for the banks to implement an enterprise collateral management system
Not many banks/FSIs would have capacity to build out a Collateral Management System and buying off the shelf would be a preferred approach, but implementing in the technical echo system is challenging

Approach

Build in-house, an enterprise grade , highly scalable and extensible Hybrid/SAAS collateral management platform
Workflow automation to register the end-to-end collateral management lifecycle
Build enterprise platform to support consumer and business lending collateral management lifecycle
Integration with various internal and external systems for automated processes

Goals

Build single enterprise platform solution
Configurable and manageable solution
Consolidate & reduce multiple collateral types to minimum manageable numbers
Customer 360-degree view
State of the art front end to manage & service collaterals
Migration of collateral data to single source of database

Result

150+ Collaterals consolidated to 40
No duplicate collaterals in the system
Single source of truth to refer for lending process
Seamless management of collateral lifecycle with fully automated solution
Migrated 1M records from 5 different system to one single target state
Regulatory compliant platform and reporting
Single solution for the enterprise