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Sigma Consumer Asset Purchase System (CAPS) facilitates banks in administering the acquired loan portfolio. This web-based application spans across the whole process, starting from account validation where data integrity, criteria fulfillment, duplicate, blacklist, and credit facility are scrutinized and verified; to loan disbursement, accounting reporting, account reconciliation with consumer-finance, and reports delivery to Bank Indonesia.
It provides the bank with an across-the-board view over all accounts, giving a full access to personal information; amount, period, and interest rate of the loan; payment schedule; nature and brand of asset under financing; document status (on hold, on lend, on hand), and many more.
More importantly, Sigma CAPS helps the bank deal with bad debts through an alert mechanism, which warns when a particular customer begins to fall behind payment schedule – a common sign of potential default. It calculates the right amount to be put into bad-debt reserve, based on individual loan’s collectibles. |
