GXS Bank's Efficient Onboarding Process with FICO Platform: Delivering Loans in Under 3 Minutes!

GXS Bank has achieved remarkable customer onboarding efficiency. Utilizing FICO Platform, they've significantly reduced the time it takes to approve loans, boasting an onboarding time of under three minutes for the majority of approved GXS FlexiLoan applications.

💡 How do they do it? Through the strategic implementation of FICO Platform's capabilities, GXS Bank automates credit decisions in milliseconds. By leveraging alternative data alongside traditional sources, they've expanded credit access to individuals with limited credit history, a feat that aligns with their commitment to financial inclusion.

🔄 Additionally, GXS Bank's agile infrastructure allows for swift deployment of risk policies, ensuring robust risk controls are in place. This flexibility, combined with advanced analytics and flow orchestration, has enabled them to adapt quickly to market demands while upholding stringent risk management standards.

🏆 Recognized for their achievements, GXS Bank has been awarded the 2024 FICO Decisions Award for Customer Onboarding & Management, underscoring their commitment to excellence in digital banking.

#DigitalBanking #FintechInnovation #FinancialInclusion #GigEconomy #MobileBanking

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FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 200 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, insurance, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 4 billion payment cards from fraud, to improving financial inclusion, to increasing supply chain resiliency. The FICO® Score, used by 90% of top US lenders, is the standard measure of consumer credit risk in the US and has been made available in over 40 other countries, improving risk management, credit access and transparency. Learn more at www.fico.com

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