Silk Bank’s objectives

Launching digital lending products with fully automated approval process

• Modernizing the bank’s credit risk decisioning process and infrastructure
• Ability to launch any new configuration of decision-making components in days

Why has Silk Bank chosen TaranDM

• Silk Bank chose TaranDM for its role in modernizing credit decisions and launching digital lending products. TaranDM's intelligent features ensure compliance and enhance financial precision. Beyond its impact on the approval process, TaranDM's ability to seamlessly integrate with various data sources positions it as a versatile solution for Silk Bank, ensuring a holistic and informed approach to decision-making. The platform will significantly improve our approval process by providing tailored product offers, backed by thorough credit bureau analysis. Its seamless integration with data sources, such as CreditBureau and the Revenue Service, underscores TaranDM as a comprehensive solution for Silk Bank. The platform's adaptability and robust features make it an instrumental asset in Silk Bank's journey towards modernized and efficient financial operations.
• In choosing TaranDM for our bank, we are leveraging a proven solution that has consistently delivered beyond expectations for reputable institutions. The client stories from TaranDM previous projects underscore the ability to not only meet but exceed strict timelines and facilitate the seamless migration of credit assessment processes. What distinguishes TaranDM is its adaptable deployment, showcased in prior project instances where it facilitated real-time data collection and operated seamlessly in a platform-as-a-service framework. This adaptability aligns with Silk Bank's need for a cutting-edge solution that integrates seamlessly with diverse data sources, empowering us to make informed decisions in real time. Additionally, TaranDM's commitment to knowledge transfer and customization ensures Silk Bank's teams are self-sufficient and not overly dependent on external vendors, which is a crucial aspect for long-term operational success. Additionally, TaranDM offers a user-friendly interface and a no-code graphical platform, empowering Silk Bank's team to adapt quickly to changing market demands and configure strategies independently. Its real-time processing capabilities ensure a swift and responsive customer experience, aligning seamlessly with Silk Bank's commitment to efficiency and customer satisfaction.
• In essence, TaranDM is not just a tool, it’s a strategic ally in our pursuit of excellence, combining cutting-edge data science with a user-friendly interface to drive innovation, efficiency, and superior customer satisfaction in Silk Bank's financial operations. This partnership positions Silk Bank ahead in the banking industry, empowering us to navigate the evolving landscape with agility and stay ahead in delivering unparalleled financial services.

Project highlights

• Implementation of the sophisticated income estimation logic to be compliant with the regulatory/internal requirements
• Enhancement of the overall approval process:
• TaranDM generates all product offers for which the customer is eligible
• That includes a refinancing offer, if relevant based on the credit bureau information
• Successful and continuous know-how transition to the Silk Bank’s team. Well before the production launch, they configured 2nd loan product by themselves in TaranDM’s intuitive, no-code GUI
• Easily integrating the approval process with several data sources, like Credit Bureau, Revenue Service, National Bureau of Enforcement, and National Bank of Georgia