PARTNERS

EMC Documentum
Lending solution for Eurobank EFG
Eddie is a next-generation loan origination system that will combine EMC Documentum business process management (BPM) and ILOG’s leading business rule management system (BRMS) to achieve greater flexibility and automation throughout the lending process.

Being made by Eurobank EFG (www.eurobank.gr), Eddie will automate validation and credit policies, manage workflow, system-based integration and loan documentation, and increase the overall efficiency of the bank’s loan origination process.

Eurobank EFG is an international banking organization that employs over 19,000 people and offers its products and services through a network of 1,300 branches and points of sale, and alternative distribution channels. It ranks among the top banks in Greece, Bulgaria, Romania and Serbia, and operates in Poland, Turkey and Ukraine.

Eurobank EFG is building the system to support its rapid growth. The bank has several solutions in the lending area, and wants to make it easier to integrate architectures. The bank also wants to separate its business rules from its application code to be able to update them more quickly and shorten time to market for new offers.

The bank is using the EMC Documentum Process Suite to create a BPM system that will support a continuous improvement cycle. The ILOG JRules BRMS is being integrated with the system to give the bank’s business users a way to author and deploy business rules directly to the system.