FlexFinance Lending covers all the processes involved in the entire loan cycle, starting from advice, application and offer, management of loans to out-of-court dunning procedure. FlexFinance Lending is a process-oriented solution for different lending areas. New lending forms and processes can be designed at the shortest notice.
Lending solutions based on the FlexFinance Lending Suite fulfil all the current EU consumer protection regulations. A high degree of automation ensures that mandatory information and calculations for the above lending processes is generated. The process logic concerned is highly flexible and can be adapted to a bank’s internal requirements (e.g. integration of additional documents and ratios).
The provisions in the Directive can be divided into the following categories:
- Obligation to provide pre-contractual information
- Obligation to provide contractual information
- Calculation of the effective interest rate
- Credit intermediaries information
