Banking on Application Development

11:25 | Paul Lancour | Oct 15th, 2008 8:00am |

Join BearingPoint Managing Director, Paul Ringmacher, as he discusses how BearingPoint recently helped a major North American bank replace a paper-based loan origination system for its small-business customers.

When completed, the project took small-business banking loan origination to a new level. An inefficient manual, paper-based system was transformed into an intelligent Web-based, front-end loan capture system used by bankers in the field. The project also features automatic interactions with back-office systems. In the first three months, the initiative became a field-tested success.

Today, it delivers straight-through processing, significantly decreasing front-end submission times, reducing decision times from up to six hours to less than 10 minutes—in most cases—and significantly lowering administrative overhead and application processing costs.

Finally, the net present value of the overall project was projected at U.S.$3.3 million, surpassing business case estimates. Tune in to this podcast to learn more about this engagement and how BearingPoint can assist you.

Tags: BearingPoint, credit crisis, Paul Ringmacher

This entry was posted on Wednesday, October 15th, 2008 at 8:00 am and is filed under FrontPage Episode, Featured Episode, BearingPoint, Corporate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Post to your WordPress.com blog »