We ' re for the Self-Believers - RedZed TVC 60 " this transformation . The project involved setting up the Cloud for Banking platform for new loans and the migration of over 3,500 loans from the existing legacy platform to the SAP C4B platform .”
Implementing a New Loan Application Origination Platform In late 2021 , RedZed implemented a new
loan application origination platform , scorecard , and decision engine with rollout of the platform taking place in early 2022 . RedZed ’ s previous loan application process involved numerous manual handoffs .
“ In the 1st half of 2022 RedZed rolled out the new originations , scorecard , and decision engine platforms . The nCino solution is built on the Salesforce platform ,” explains Dontschuk .
“ By automating the interfacing of data in the application process , improving upstream validation of data and ensuring data is acquired from common sources the solution will deliver benefits to data quality , traceability and consistency . Importantly it will allow RedZed staff as we scale to concentrate their time on finding the best solutions for our customers in a timely manner whilst continuing to ensure a human is involved in each loan decision ,” he adds .
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