Q-Lana left an indelible mark at the CEE23 annual conference...
READ MOREThe platform - implementation
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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?
- Q-Lana uses a proprietary flexible low code platform, which makes digitization an agile tool to continuously adjust and grow with the needs of the institutions.
- Q-Lana’s strength is the collaboration with Financial Institutions in the development and implementation of successful digitization strategies.
- Benefit from a low code-based, open banking solution that elevates your current offerings and flexibly adjusts to rapidly changing customer demands.
- Combine existing products and services with innovative new ideas and third-party solutions to build the most Customer Centric solutions of Risk Appetite concepts.
- We understand financial services have decades of experience in software development and financial services.
- We are experts in Risk Management and Lending.
- We have completed digitalization projects with institution of various size and complexity.
Why QLana
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Why do the employees
of our clients like us? -
Why do the customers
of our clients like us? -
Why do IT Departments
like us -
Why do
Risk and Compliance
Teams like Q-Lana: -
Why do CFOs will like
Q-Lana
- 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