05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.
Bosch Financial Software is now
Automating Decision Rules at MarkOne FinancialBuilding Business Capabilities 2015 – Case Study PresentationACTICO GmbH and MarkOne Financial
Bosch Financial Software is now ACTICO.
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.2 Bosch Financial
Software is now
Speakers
Volker GrossmannHead of Product DevelopmentBosch Financial Software
ACTICO designs, develops, markets, and implements rule-based software solutions and technologies for decision making.
Graduated from University of Furtwangen, Germany with a degree in Computer Science.Founding member of Innovations Software Technology (acquired by Bosch in 2008) and responsible for product development, architecture and technology strategies.
Facts & FiguresLocations: Immenstaad, Germany
Chicago, USA Singapore
Employees: ~ 125Customers: > 100
previously Bosch Financial Software
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.3 Bosch Financial
Software is now
Speakers
Nikhilesh NathChief Information OfficerMarkOne Financial
MarkOne is an automotive finance company in the subprime market that offers competitive loans and finance programs to dealerships for their customers.
Facts & FiguresLocations: Jacksonville, USA
Southern California, USAEmployees: ~ 150Dealers: > 2000
Graduated from Marathwada University, India with a degree in Electronics Engineering.18 years of IT experience in the fields of system implementations, architecture, data encryption, network engineering & consulting.
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.4 Bosch Financial
Software is now
Business & Technical SituationAutomating Decision Rules at MarkOne Financial
Manual Underwriting Process
Underwriters could spend 15-20 minutes reviewing an application
Relied on experienced underwriters due to comprehensive business rules
High potential for human error and slow time-to-market
Time Consuming
Training New Underwriters
Risk & Non-Competitive Position in Market
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.5 Bosch Financial
Software is now
Business & Technical SituationAutomating Decision Rules at MarkOne Financial
Manual Underwriting Process
Underwriters could spend 15-20 minutes reviewing an application
Relied on experienced underwriters due to comprehensive business rules
High potential for human error and slow time-to-market
Time Consuming
Training New Underwriters
Risk & Non-Competitive Position in Market
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.6 Bosch Financial
Software is now
Time ConsumingAutomating Decision Rules at MarkOne Financial
Data Sources
Solution: Automate loan application review process by integrating with external data sources
Vehicle Valuation Sources
Credit Bureaus
• Experian• Equifax• TransUnion• CBCInnovis
Public Records
• Eviction records• Criminal history• Bankruptcy records• Payday loans• Utilities• Insurance• Employment
Vehicle Valuation
• NADA• Kelly Blue Book
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.7 Bosch Financial
Software is now
Time ConsumingAutomating Decision Rules at MarkOne Financial
Direct Service Call
Database Access
• Service calls to external systems• Database access• Import of data models
Solution: Automate loan application review process by integrating with external data sources
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.8 Bosch Financial
Software is now
Business & Technical SituationAutomating Decision Rules at MarkOne Financial
Manual Underwriting Process
Underwriters could spend 15-20 minutes reviewing an application
Relied on experienced underwriters due to comprehensive business rules
High potential for human error and slow time-to-market
Time Consuming
Training New Underwriters
Risk & Non-Competitive Position in Market
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.9 Bosch Financial
Software is now
Training New UnderwritersAutomating Decision Rules at MarkOne Financial
Solution: Transfer written rules into rule models graphically and naturally
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.10 Bosch Financial
Software is now
Training New UnderwritersAutomating Decision Rules at MarkOne Financial
Solution: Transfer written rules into rule models graphically and naturally
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.11 Bosch Financial
Software is now
Training New UnderwritersAutomating Decision Rules at MarkOne Financial
Solution: Transfer written rules into rule models graphically and naturally
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.12 Bosch Financial
Software is now
Business & Technical SituationAutomating Decision Rules at MarkOne Financial
Manual Underwriting Process
Underwriters could spend 15-20 minutes reviewing an application
Relied on experienced underwriters due to comprehensive business rules
High potential for human error and slow time-to-market
Time Consuming
Training New Underwriters
Risk & Non-Competitive Position in Market
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.13 Bosch Financial
Software is now
Risk & Non-Competitive Position in MarketAutomating Decision Rules at MarkOne Financial
Solution: Simulate decisions in a highly-developed test environment and deploy rules with one click
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.14 Bosch Financial
Software is now
Risk & Non-Competitive Position in MarketAutomating Decision Rules at MarkOne Financial
Serv
er
Clie
nt
ModelModeler Rules Modeling Analysis Testing/Simulation Deployment
Team Server Collaboration Rule Repository Build Server
Builder Building Tagging Testing Deployment
Execution Server Rule Execution Statistics
Solution: Simulate decisions in a highly-developed test environment and deploy rules with one click
Manage Build Execute
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.15 Bosch Financial
Software is now
Risk & Non-Competitive Position in MarketAutomating Decision Rules at MarkOne Financial
Solution: Simulate decisions in a highly-developed test environment and deploy rules with one click
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.16 Bosch Financial
Software is now
BenefitsAutomating Decision Rules at MarkOne Financial
With only a 3 day onsite training, users easily developed rules on their own.
Implementation
MarkOne automated nearly all rules, policies and rejections.
Automation
The number of processed applica-tions doubled and response time improved.
Efficiency
IT resources and man power efforts were reduced.
Cost Savings Reuse
MarkOne evolved from a regional lender into a mid-sized national lender.
Company Growth
Rules with 50+ data points integrate into external and internal sources with ease.
Data IntegrationWith Visual Rules at its core, the system ensures consistency in the quality of underwriting.
Consistency
Changes to rules can be tested n a matter of hours and deployed with a click.
Speed
Rules created for initial third party LO system are still in place today.
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.17 Bosch Financial
Software is now
100+ Customers in more than 30+ CountriesACTICO‘s World
100+ clients in30+ countries
Tier 1 banks on 4 continents
Satisfied customers since 1998
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.18 Bosch Financial
Software is now
Bosch Financial Software is now ACTICO
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.
05/02/2023 © ACTICO GmbH, 2016. All rights reserved, also regarding any disposal, exploitation, reproduction, editing, distribution, as well as in the event of applications for industrial property rights.
Bosch Financial Software is now
Tank youPlease stop by booth 419 for more information about this presentation and other offerings or visit our website at www.actico.com