HDFC Implements Credit Decisioning System

by CXOtoday Staff    Aug 20, 2009

HDFC Bank has deployed Polaris’s enterprise business rule engine for its retail asset lending business comprising auto and personal loans

The enterprise business rule engine is a credit decision engine that enables Polaris’s customers to profile and segment customers for loan products and aids cross-selling and up-selling of related asset products. Intellect Business Rule Engine is the credit decision backbone that powers Global Universal Banking (GUB) - Intellect 10.0, a banking platform built using the next-generation SOA technology.

As implemented at HDFC Bank at this stage, the system performs online application scoring & policy evaluation. The next phase of solution implementation is focused on computing behavioral scoring of retail loan applications in conjunction with the bank’s data warehousing system.

Munish Mittal, EVP & head (Technology Solutions Group) of HDFC Bank said, "We evaluated multiple international and domestic solutions for introducing scoring and rules-based Loan approval process and chose Polaris’s Intellect BRE solution on account of its relatively lower start-up cost, easier integration capability with Bank’s disparate Loan origination & application processing systems as well as availability of local systems integration & maintenance support."