CGI's credit union team has released another component of their browser-based CyberSuite solution. The CGI Loan Navigator is a powerful tool that not only retrieves credit bureau reports in an on-line environment, but automatically decisions the loan application within seconds using information gathered from credit bureau reporting agencies and credit union defined business rules.
The quick application feature allows credit union authorized personnel to quickly draw the required information into the fields for processing. It is so intuitive that any credit union staff member can take a loan application and submit it for decisioning - thus turning every credit union representative into a potential loan processor.
This solution uses XML messaging to communicate between a Web-server and the credit union's host system to retrieve data, populate fields (using information pulled directly from credit agencies), and decision a loan for approval or referral within seconds.
Loan Navigator is a zero-client based application that is fast and efficient and delivers instant financing gratification to credit union members. All that is required to run this application is a PC and a browser. The zero-client approach allows for fast and easy updates and enhancements to the program without the need for manual uploads to individual PCs.
Another user-friendly feature includes the built-in forms warehouse. This feature allows the credit union processor to select and print the proper forms as required. Forms are generated in a pdf file and laser printed as necessary.
While four CGI credit unions are currently Alpha testing the system, there will be a general release in October, 2002. This solution is available to all credit unions and is not limited to the CGI client base.
Comments and Quotations
"This tool is the perfect example of member-centric applications. It was designed for fast loan decisions, keeping credit unions competitive in the world of quick financing," explains Warren Marshall, Vice-President of Marketing. "This, like all CGI solutions, is meant to give credit unions another technological tool to help in their growth and advancement."
About CGI
Founded in 1976, CGI is the fourth largest independent information technology services firm in North America, based on its headcount of more than 13,700 professionals. CGI's annualized revenue run-rate totals $1.3 billion. CGI's order backlog currently totals $6.7 billion. CGI provides end-to-end services and business solutions to more than 3,000 clients worldwide from more than 60 offices. CGI's shares are listed on the NYSE (GIB) and the TSX (GIB.A). They are included in the TSX 100 Composite Index as well as the S&P/TSX Canadian Information Technology and Canadian MidCap Indicies.
Web site: www.cgi.com.
- 30 -
For further information contact:
Heather Bade at (586) 716-2457
