Integrated Digital Lending Platform
Why you need an all-in-one lending management
solution
Save your time and energy by fully automating your entire business processes, including credit monitoring, customer relationship management, performing transactions and ID verifications.
Use a unified lending management solution to process applications, manage loans and collect the data you need.
Customer onboarding with AI-powered risk assessment ensures AML & KYC compliance.
This highly configurable platform is specifically designed to suit your business needs.
Easily integrate Compassway with any third-party solutions or data sources.
New way of doing digital lending
Use System Dashboard to create unique application forms and onboarding experiences designed specifically for different types of clients.
Multi-stage approval process connected with external data sources.
Complex disbursements and repayments .
Complex decisioning.
User-friendly & exceptionally powerful.
Fully configurable.
Nested strategies.
Framework of CompassWay system
CompassWay Integrated Digital Lending Platform is cutting-edge technology enables you to drive innovation and growth your business. The solution built in advanced web technologies, helps automate front-end and back-end processes in order to achieve centralized and smooth processing.
Working both with individual and
corporate loans
Provide different credit products for both corporate and individual clients from an all-in-one platform.
Utilize a user-friendly interface to offer a range of credit products needed for your operation.
Employ a number of credit decisioning rules and credit scoring models developed by top lending experts and driven by advanced Compassway AI.
Organized separate workplaces for each team to perfectly suit your business processes, including credit origination, risk assessment, servicing, and data collection.
Compassway force flow
builder
Highly adjustable business processes, reports, and application forms:
- Manage all aspects of the system with no vendor support;
- Create new processes, workflows, reports, and application forms;
- Introduce changes to workflows, approval procedures, API integrations, and system rules.
Ultimate lending automation solution with no additional coding:
- Compassway force tools are used for all configurations;
- Configuration files are automatically updated on a server;
- Intuitive version control;
- Debugging tools are built-in;
- Enhanced security features, managing access permissions.
WHAT
CUSTOMERS SAY
We used to have an older system that required more than a day to update or deploy a new risk model. In addition, credit decisions were slow. We estimated we were losing 15% of customers due to abandoned applications. For millennials, who are now a majority of our clients, responsiveness and convenience are key for lending services.
We implemented an end-to-end digital lending platform offered by CompassWay and it allowed to significantly improve customer retention. Up-to-date risk models also mean lower defaults rate and improved profitability. The system is easy to work with in case we need to add new clients or product types. We also received excellent customer support from CompassWay team. Overall very satisfied with the upgrade decision.
Denis BobrovCFO of CreditUP
Our key clients are SME firms that sell their products using social media platform such as Instagram and Facebook. They have magnitude of various products and various preferences in the lending options they would like to provide to their customers. Thus, we needed a powerful, yet flexible and simple system, which would allow quick onboarding of new clients and their products.
CompassWay offered a solution that not only satisfied these criteria but also was intuitive and easy for the customers of our clients. That allowed to create a seamless shopping experience, as well as improve customers’ satisfaction and rate of completed sales.
For our team, working with CompassWay was very easy. Since the system was highly customizable out of the box, we were up and running in just several weeks. We also benefitted from their business expertise and improved a weak link in our processes we did not know was a problem. Highly recommended company to work with.
Irina SenenkoHead of Customer Service at PIE CREDIT
Nowadays, the competition in online trading is stronger than ever. In order to outperform the rest and come out ahead, we needed to provide our customers with services that would keep them on the site.
Many buyers came to our online store, but there was much less talk about sales.
We reached out to the Compassway team for help because Compassway is in the business of developing and implementing advanced digital solutions, and they advised us to first consider implementing a product on credit or in installments. Indeed, most often the reason that buyers leave the site without making a purchase is banal: they do not have enough money.
We listened to advice, and now every customer who enters our website and selects a product immediately sees the "buy on credit" button with a convenient loan calculator and BNPL option in the checkout. He understands that he can afford to buy now, and pay later and in installments.
As a result, it was possible to increase profits and total sales by 30%, as the client now purchases a product of a higher price category, or increases the number of purchases.
Natalia BurkoHead of Business Development at Taksaexpress
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