Loan Origination

Arium Loan Originating System (LOS)

Retail customers, need and expect high service level and quality of bank loan providers. Currently, many banks are not providing service levels that can be caused by a manual process of their loans. The processing time is protracted, very long time and prone to error on the manual process was causing the inefficiency of the process, audit and compliance issues, customer service is inferior, but that the bank cannot compete effectively because much time is wasted, requires effort and resources in starting and expanding to a new credit product.

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Arium Loan Origination Solution is a common lending platform automated and integrated to support optimize, and automate the loan approval process for multiple  retail  loan product.

Arium Loan Origination Solution is a web-based workflow system application suitable to ensure smooth operation of Loan Origination. The automation process is supported by Java J2EE technology platform and multi-tier architecture that will accommodate faster and efficient customer loan or credit card application process. Arium Loan Origination package consists of business process flow, business rules, user interface, and database system for each task of loan origination.

There are several offering model to choose:

License Model

Offers the solution by purchasing license. Suits the company who prefer CAPEX model.

Application Services Provider (ITOM)

Offers the solutions by outsource and rent the services by paying monthly or yearly based on usage. Suits the company who prefer OPEX model.

SaaS (Software as a Service)

No need to invest on infrastructure.  Infrastructure is on Cloud (Sigma premise). What customer needs is only lease the software as a service by paying monthly or yearly based on usage. Suits the company who prefer OPEX model.

Arium Loan Origination System provides you with all the necessary tools to answer your needs and giving you the following benefits:

  • Increases cost efficiencies by Reduced costs and turnaround time through automation in loan application process
  • Allows banks to identify fraudulent applications aimed at reducing non-performing loans as a fraud prevention mechanism Provide a credit worthiness assessment
  • Allow banks suggest multiple products to match the borrower’s credit profile.

Arium Loan Origination Main Features

Automatic Processing

Each application for a loan can be controlled and monitored at all times, starting at entry new application into the database Arium-Loan Origination and can be traced from various units of activity, through the various work steps credit review and approval process. Arium-Loan Origination enables sequence of work done in different locations while maintaining flow control and ensure that no sequence of work steps are missed.

Risk Management

Each application for a loan can be controlled and monitored at all times, starting at entry into the database application and can be traced from various units of activity, through the various work steps credit review and approval process.  

Dynamic Product Expanding

Flexibly user defined workflows, business forms, and document rules, Multi dimension user management.

Credit Scoring

Flexible scoring engine to setting scoring model that can be customize to applications from a particular segment.

Workflow Processing Engine

Each business workflow can be defined and set. Enables sequence of work done in different locations while maintaining flow control and ensure that no sequence of work steps are missed. Flexibly user defined workflows, business forms, and document rules, Multi dimension user management. Flexible scoring engine to setting scoring model that can be customize to applications from a particular segment. Flexible matching engine.

Arium Loan Origination Platform and Technology

Arium Loan Originating has several supported platform for more options for customers:

Operating System: Oracle Enterprise Linux or Windows Server 64 bit

Database: Oracle 11g Standard Edition or Oracle 9.3 Enterprise Edition

Application Server: Oracle Internet Application Server or JBoss 7.1 [/span6]

Arium Loan Origination System comes with the following modules:

Pre-Entry Application Form

Pre-entry is used for entry several to reduce inputting time. This module is optional where user still can skip this section, and go to Full Entry section. Pre-entry only requires several fields to be inputted, which are the fields used in Screening.

Negative Checking

This module is used to check entry of data, including:

  • Duplicates entry
  • The blacklist records (SID)
  • AKKI records
  • Negative List check run on scheduler

Document Checking

This module is used to update status of document verification. User can click on one of application list to show further details.  

Complete  Entry Application Form

This module used by the user to input the complete loan application data.  

Loan Application  Scoring

This module is to perform score loan application that uses quantitative statistical methods to predict the pattern of a population based on certain characteristics.

Verification/ Rating

This module consists of 3 verification menus to perform activities such as:

  • Telephone Verification (TV)
  • Site Visit (VS)
  • Card Rating (CR) for credit card business process

Verification menu is used to update the results and verify before submitting the data to the next step.

Credit Underwriting

This module is used by the Credit Underwriter / Credit Analyst to undertake a review to write your credit recommendation and credit decisions.

Interface to Core Loan System 

This module is used for verification and preparation of disbursement of loan to the Core Loan System.

System Administration and User Policy

This module is used by system administration for Viewing, Adding, Editing and Updating Process parameters and business rules in the Loan Origination Application System.

Reporting Services

This module is used to view and print the standard and common report of operational credit initiation.

PT Sigma Cipta Caraka (telkomsigma) is a leading business solution provider of Information Communication Technology (ICT) for over 20 years in Indonesia, currently employing more than 850 personnel including internationally certified IT professionals. We have been at the forefront of innovative IT solutions, development and operations, delivering IT benefits both at home and abroad.

telkomsigma offers comprehensive information technology services comprising of consulting services, software products, applications, software development services and data center operations in the banking (conventional and sharia-based), financial, telecommunications, manufacturing and distribution sectors. One of its mainstream solution is Arium LOS  that handled various product such as Secured Loan (Mortgage, Vehicle Loan, etc.) and Unsecured Loan (Credit Card, Personal Loan, etc.)

Currently telkomsigma Solutions & Services have been implemented by more than 150 banking corporations in Indonesia and score of Financial institutions as well as major corporations in various other industries. In early 2008, telkomsigma was acquired by a subsidiary of the largest information and telecommunications services provider in Indonesia, TELKOM.