This integrated platform from NF Innova and GDS Modellica will cover everything that financial institutions need with regard to design, development, implementation and continuous optimisation. NF Innova’s solution provides a smooth onboarding process whilst GDS Modellica focuses on incorporating backend processes by implementing credit risk policies and strategies to guarantee an effective, real-time, fully automated ID verification process.

GDS Modellica has already developed the Modellica Originations Engine (MOE), an automated system that fits perfectly within the architecture of NF Innova’s digital platform. The MOE processes all the data collected during onboarding, along with information from credit agencies, and it then applies credit strategies, policies and scoring to manage credit risk as defined by the financial institution. The engine returns a decision in real time about whether or not to approve credit, along with the associated terms and conditions.

The MOE can adapt to different scenarios and types of processes, making it possible for users to apply different admission policies and monitor credit risk simultaneously with complete flexibility and ease of use. According to Antonio García Rouco, managing director of GDS Modellica, the MOE’s functionalities include “the ability to implement credit management strategies, calculate variables based on raw data, carry out population segmentation according to risk, value and tendencies, establish individual rates and offers, monitor high-risk users and carry out simulations. It is fully compatible with PMML, and it is a reliable, flexible, high-performance solution for setting criteria and making decisions.”

This strategic partnership between NF Innova and GDS Modellica seeks to combine the competitive advantages and resilience of both companies within the new financial ecosystem. This relationship will forge, strengthen and consolidate bonds whilst creating new business opportunities, opening new markets, boosting performance and improving the customer experience. Ultimately, comprehensive, effective leadership leads to greater customer loyalty and, as a result, greater profits.