Annual Review

Turn the annual review into an active preview

 

Every year, banks are required to conduct an annual review on each of their borrowers and every year, the majority of cases come back fine. The businesses are in good financial health, yet first line credit teams are still expected to review their financials, determine their risk rating, and prepare the credit write-up. This takes almost as much time as performing a full credit assessment - time which could be spent originating new loans or working with the borrowers which are in financial distress and present the most risk to the bank.

PI_Icons_Spectrum_Segment Segment Segment credits on a high to low-risk spectrum to identify which require intensive vs light touch reviews
PI_Icons_Consistent_View Automate Automate aspects of the review process to reduce the overall time spent on periodic reviews
PI_Icons_Optimize Optimize Optimize credit analyst time, so they can focus on riskier credits

Segment

By overlaying a suite of proprietary, sub-sector scenarios, OakNorth enables banks to quickly understand the overall financial health of their borrowers, drill down to the individual loan level to focus on potential problem areas, and take corrective action before they become detrimental to the portfolio.

Automate

Many banks still rely on excel spreadsheets, manual methods of gathering data, and human analysis. SaaS solutions such as the ON Portfolio Insights tool within OakNorth’s Credit Intelligence Suite can help plug this gap by enhancing risk management capabilities and increasing efficiency. Banks no longer need to wait for their borrowers’ updated financials, as they always have a clear view of which loans have performed, which have not, and which may not in the future. This transforms the annual review from a process banks do once a year, to something active and constant, connecting analytics to action.

Optimize

Powered by the ON Credit Intelligence Suite, your Relationship, Risk, and Transaction Managers can develop much deeper and more consultative relationships with borrowers, make immediate credit decisions, anticipate challenges, and propose solutions. This in turn will help minimize defaults, drive growth, enhance the customer experience, and improve efficiency and profitability.

"Through the continuous monitoring of active credits, OakNorth’s software enables us to turn monitoring into a real-time process. This in turn will mean we can build deeper and more meaningful relationships with clients – having a consultative relationship with our borrowers – as well as ensuring our Relationship Managers have more time and better insights to originate new deals."

Daryl Moore
EVP, Chief Credit Executive at Old National Bank
Take the next step

Request a demo

Request a personalized demo to discover what ON Credit Intelligence can do for your bank.

What We’ll Cover:

  • What makes our technology different
  • How rapidly you’ll see results
  • Ease of installation and cost benefits
  • Current customers and outcomes