The platform - implementation

Path 311

On-Boarding Process

Q-Lana’s low code-based Loan/Asset Management targets financial institutions and Fund managers aiming to lift their digitalization to a new level. Each client is different and operates in a unique framework. Q-Lana’s strength is to develop a targeted approach, combining the advanced technology with extensive advisory skills. This will initiate a long-term business relationship in which your institution can also engage its own IT and business staff to co-develop applications

We support you with your decision process

Introduction

We organize demos and presentations to management and staff. Targeted presentations for specific user groups: business areas, risk management, IT department.

Planning

Based on the specific requirements, we will prepare a detailed offer including aspects of implementation planning.

Decision Process

Depending on the process, we can provide support in the preparation of documents and the  communication with decision-makers.

Implementation Phases

1

Preparation

Confirmation of the initial scope of work, in alignment with the overall digitalization activities.Development of timeline; identification of project teams and champions; definition of implementation governance.

2

Assessment

Review of existing workflows, including full credit cycle (initial contract, assessment, approval, pre-disbursement checks, monitoring, portfolio management, collection), and preparation of the scoping document.

3

Configuration and Customization

Using our own experts or in joint teams with your institution’s IT department, we prepare the platform, combine existing components, and develop new applications.

4

On-Site Deployment

It includes a detailed roll out plan and integrated testing/feedback loops. Roll-out process in phases

What makes Q-Lana Special?

Why QLana

  • Q-Lana automates workflows and reduces process time
  • Existing information about clients is leveraged resulting in simplified processes
  • improved risk assessment and customer centricity
  • One single tool for origination, disbursement, monitoring, and reporting 
  • Improved collaboration within teams and across departments
  • Reduced risk of errors – take advantage of automated verifications and decisions
  • Reduce manual processing and exception handling
  • Organizational walls disappear – collaborate across teams to better serve clients
  • Make it easier to collaborate with external service providers
  • User-friendly SME lending tool that minimizes repetitive tasks in processing loan applications.
  • Transparency about the lending process. Know the status of an application at any stage
  • Apply from anywhere – multichannel approach: mobile application, online portal, meeting in a branch
  • Possibility for fast pre-qualification, followed by accelerated credit decision, optimized “time-to-money”. Based on risk appetite, decision and fund disbursement could happen within minutes for simple loans
  • Focus on true client relationships built on trust and experience. This will help the collaboration even in times of crisis
  • Digital document flow as well as a detailed alert system, sending notifications about application status and payment schedule
  • Transparently calculated credit limits for different credit products that can be quickly launched depending on business needs
  • Guidance when using loan simulators with an option to play with available loan variants in order to find out the best solution
  • Cross-product customer journeys designed to make the work of your corporate bank customers a breeze
  • Automation of routine activities thanks to bulk payments, extensive self-service features, and flexible approval workflows
  • Q-Lana is built on a low code platform, allowing easy integration via API and microservice structure
  • Business model of our open banking platform is based on collaboration and co-creation with the IT department
  • Q-Lana relies on a strong team of highly qualified and experienced development experts
  • Focus is on engaging with your IT team in the implementation process
  • Utilize exposed APIs, design system components, app templates, and starter libraries to facilitate independent development
  • Work in multiple, parallel streams thanks to microservice architecture
  • Your IT department becomes Q-Lana experts allowing you to initiate your own development and configuration activities
  • Q-Lana has been designed using decades of experience from financial risk managers
  • In-depth knowledge about credit risk models is used to define workflows, controls
  • Q-Lana incorporates the most detailed concepts and tools for risk assessment and monitoring of exposures, including early warning trackers
  • Fully configurable risk rating/scoring widgets that can be calibrated based on the proprietary data of the institution
  • Prepared to run vintage and migration analysis as well as valuation tool.
  • Incorporate stress testing and scenario analysis
  • Developing risk appetite concept for more transparent risk exposure management
  • Fraud Detection – by verifying if multiple processes have been initiated for the same customer
  • Q-Lana’s approach targets a long term collaborative and transparent relationship with financial institutions
  • The low code composabel approach allows to develop and implement based on the institution’s business plan and budget
  • Transparent pricing with no hidden cost. We are jointly interested to work in the most efficient way and seek the most valid options when it comes to suppliers
  • Q-Lana helps increase profit margins in your banking business through more efficient processes and better risk management
  • You will have a better transparency about your institution’s profitability through better data about processes, declined loans or other inefficiencies