Decisioning engine

Planky writes

Decisioning Engine – make smarter business decisions effortlessly

Nowadays, financial institutions and lending companies are facing huge pressure to process and provide accurate and fast decisions on loan applications. Therefore, more technologies enabling making informed decisions started to appear in the market. Mostly these are credit decisioning engines, usually presented as a decision tree or rules flow. They are designed for the automation of decision-making – decisioning engines evaluate multiple factors to determine the probability of default

What is a Decisioning Engine and how does it work?

The role of proper loan decisioning is now more crucial than ever. However, manual verification of a customer’s affordability and credibility is both expensive and time-consuming. Also, it’s prone to human error. In consequence, financial institutions and lending companies have been looking for quick, accurate, and high-quality services that are fully automated and manipulation-free.