Security & Compliance

Loan loss provisioning

• Provides support for the automatic provisioning of bad debts or underperforming loans.

Loan write-offs

• Loans can be automatically written off and re-categorized from Active to Non-Performing based on the number of days they are overdue.

Credit bureau integration

• Enables the verification of clients against external lists like credit bureaus through secure APIs.

Audit trails

• Maintains a complete record of all system actions and historical transactions, which is crucial for investigations and ensuring compliance.

Maker/Checker principle

• An internal control mechanism that requires one user to initiate a transaction and another to approve it, improving accountability and reducing errors.