Kainos

KBC Bank - Document and Records Management Solution

KBC Case Study PDF  

The Challenge

One of Ireland’s leading providers of home loans, Belgian-owned KBC Bank began lending to home buyers ten years ago and now holds twelve per cent of the Irish mortgage market. With growing competition, excellent customer service has become a key ingredient of success. In an effort to improve their share of a crowded market place, KBC commissioned Kainos to implement an integrated mortgage application processing system.

The Solution

Kainos developed a web-enabled solution, named Solas, that provides KBS’s staff with immediate access to all the information and documentation necessary to process a mortgage application. Based on Meridio’s document management product, scanning and workflow technology are combined to facilitate faster data capture and to ensure that each step of the mortgage process is completed on schedule and by the appropriate personnel.

Solas automates most tasks in the process, using extensive business validation and a sophisticated calculations engine. The solution was also required to integrate all of the customer channels (web, phone and branch) and thereby ensure that brokers and customers would experience the same high quality of service through any interface.

The Benefits

  • Solas has improved productivity of staff and brokers. In the first week of operation, Solas facilitated the issue of over 46 million Euros in advances (loans) to approved mortgage cases. This represented a dramatic improvement in staff productivity.
  • Solas has improved customer service. It has resulted in faster turnaround times at critical parts of the process. It has also reduced complaints and improved communication, significantly increasing the confidence of brokers and customers.
  • It has resulted in more business for KBC. This has come about as a result of improved broker service, which has had a positive impact on the key Loan Conversion Ratio. A marginal increase in this ratio has produced a significant return.
  • Solas ensures compliance with best practice and industry regulations. Because the entire process is automated, all documents are easy to retrieve, validate and store.