ISILoans

Transactions from previous periods

ISILoans allows making corrections or record transactions from previous days, and it updates every financial or accounting impact derived from the changes.

Security

It controls transactions and their related users by means of role-based access privileges. It has the option of using practices such as Doer/Checker and double-blind. Although the system is recommended for intranet use, it has gone through different anti-hacker checks to detect and fix vulnerabilities.

Physical Warranties

It records the assets that customers offered to the institution as collateral for their loans or in case of breach. These warranties may be allocated in general for a customer, or in particular for a line of credit.

Restructuring

To comply with IFRS's best practices, a credit is granted in a sufficient amount to cover one or more loans while maintaining traceability.

Regular Recoveries

It simplifies how loans payments are collected. These can be made by electronic banking, over the counter, with interbank transfers, via automatic billing to a checking account, or through direct billing to other entities.

Lines of Credit

Financial institutions can configure the loan repayment terms and other characteristics associated to their customers' loans. The system controls which personnel or bank area authorizes the loan, in which currencies it can be disbursed, and the origin of the resources that fund it. The lines can be individual, for business, or for a corporate group in which the transfer of capacities between its subsidiaries is allowed.

Fee Management

For loans that require revisable rates, there is a flexible scheme to create formulas that determine normal, moratorium or other interest rates. These varieties take into account the schemes required by managing overnight rates.

Accounting

By configuring a graphic flow chart, the characteristics of the transaction and the loan determine the accounting affectations. In another procedure, transaction files are prepared with complementary data so that other systems may generate the corresponding policies.

Accounting Penalties

This function allows a loan to be penalized and to remain in operation as if the penalty had not been carried out. The effects are only reflected in accounting, so that the related customer and executives are isolated from the rest of the system.

Additional Transactions

ISILoans includes a variety of transactions that support lending operations, such as: portfolio sales and purchases; suspension of calculations; extensions of maturities; refunds of balances in favor; and changes in calculation formulas, among others.

Interfaces & Products

Adaptable to the environment of large users in order to exchange information, and has more than 30 exposed Webservices that can be harnessed by other applications.

A client's account statements can be generated with CFDIs to send to the tax stamp, and also has the information required to satisfy regulatory reports, credit bureaus or management information.

Technical Features

ISILoans is designed for high volume operations and scaling, and is ready for installation in container environments. It is configurable for use in Oracle, MsSql or DB2 databases, while its online interface is compatible with the most widely used web browsers.