EFS covers the whole Credit Risk Management Cycle, from Loan Origination to Collections and Recoveries. Application and Behavioral Risk are assessed using scorecards and risk models that take into account internal and credit Bureau data. EFS provides consistent management and overview regarding customers – retail or corporate- , products, facilities and accounts across the credit risk management phases. A common data repository unifies, keeps, processes and finally exposes selectively all information to business users or applications.
 
Our approach is goal oriented: we do not just focus on the tasks that individual users have to perform, but on the overall risk management goals. As a result, business users can collaborate and build on the work of a ‘peer business domain’ in a sense-making way. Thus, a risk analyst can collaborate with the credit officer in order to fine tune a credit policy, or with the collection manager to differentiate the treatment of different risk segments.
 
EFS optimizes the Credit Risk Management Cycle taking into account both Risk Management and Operational Efficiency, depending on the phase and task that is performed.

EFS Collections & Recovery covers all product types, collection phases and resource modes. All product activities (retail or corporate), all phases (early, legal, restructuring, write-off and portfolio sale) are orchestrated between in-house call centers, legal departments or external agencies.
 
The EFS Customization Framework is both the methodology and the set of tools we use to analyze the business needs of our customers. According to this approach, the analysis is primarily based on best-practice templates and the system is configured using intuitive visual tools. The cycle of customization and operation is closed by EFS Analytics, the business intelligence tools that provide overall overview on areas such as efficiency or effectiveness, risk indexes and champion challenger trials.


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EFS Collection & Recovery Brochure

EFS LOS covers both corporate and retail loans origination but with a different focus. The focus of retail implementations is on fast response, alternative channel management, scoring and complete automation. Corporate implementations' focus, on the other hand, lies on group, limits and collaterals management and obligators rating.
 
At the heart of EFS LOS a state of the art Business Processing Management Engine is integrated that provides the flexibility to define and fine-tune credit policies, approval center logic, assignments, and document management. EFS Analytics reports on the productivity of the process and the risk aspects of portfolios.


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EFS Loan Origination Brochure

EFS Scoring can be used for behavioral or application scoring. Risk managers can define the scorecards, test them, make them available to applications and track their performance. They can use decision tables and diagrams as knowledge visualization schemes. No coding is needed even for complicated expression building. The scores are integrated in the more general credit/ risk decision environment in online or batch mode. Their effectiveness can be evaluated using multiple approaches, such as stability reports, champion challenger or correlation analysis combining data from other risk cycles phases – e.g. collections.
 
Basel II is covered in the big picture and the details: the general framework and PG and LGD computations.


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Corporate or retail internet banking, electronic payments, merchant/ consumer hubs: whatever the need, EFS eBanking Framework provides the building components for goal-directed innovative applications that can be optimized for internet, mobile or system (web services) access. Each of these channels can be used for push marketing.
 
The basic electronic banking functionality is enhanced with innovative tools for retail or corporate users: utility bills, scan-and-pay mobile apps, payroll payments, cash-flow projection and reconciliation and many others.
 
As security is always a serious concern, EFS eBanking covers all technical, encryption and auditing issues and authentication schemes. For corporate end users it provides a multi-layer role based authorization scheme that can be configured by the end customer.


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EFS eBanking and Payments Brochure

Most IT banking projects start with a promise of delivery after some months, and then tend to slip. A crucial part of our offerings is the promise of short delivery times. RapidDeploy™ is a collection of analysis guidelines specially adapted project management practices for the business domains, best practices and design tools embedded in our solutions.
 
We have a long experience of working in a global environment. Our consultants and our technical personnel are experts in their fields. For them a typical project consists in filling the gap between a ‘reference implementation’ and the desired end-system, taking into account local considerations and regulatory frameworks.