The Coronavirus Business Interruption Loan Scheme (CBILS) is designed to provide financial support to small and medium sized enterprises (SMEs) with loss of revenue and disruption of cash flow due to COVID-19. SMEs need rapid approval and access to these funds. Banks are contending with a massive influx of applications for lending facilities, all of which require rapid lending decisions. They must respond with fast, efficient processes – especially challenging in the present environment where workers are remote.
Our CBILS application allows banks to accept and manage applications for lending facilities from SMEs, support their unique servicing requirements, and ensure compliance under the CBILS rules. The application can be live in just days, and can be quickly extended with advanced automation features including RPA and AI-powered intelligent document processing.
Your app, running in days. Can’t beat that.
If regulations change, your workflows adapt. Quick and easy.
Simple and predictable.
Lending application submission online, through a call center or relationship manager, or through intake of application via email or paper.
Loan qualification, including initial eligibility survey, information and document collection, qualification, and digital signature collection. Applications are automatically generated and information pertaining to lending facilities can be passed to the British Business Bank (BBB).
Automated data collection and packaging for BBB submission to maintain government guarantee status, interest and fee reimbursement, and compliance reporting.
Complete reporting and auditing for easy business visibility into loan processing, as well as ongoing compliance requirements.
Appian is built to meet the operational demands of global banks. And it’s always scalable, reliable, and secure.
Appian is rated #1 in Case Management by Forrester–so your team can speed through any case work.
Connect and share data with existing bank systems of record–data migration optional. Leverage industry-standard tools like DocuSign and Box – with no code.
With leading reliability, RTO/RPO, and comprehensive security qualifications, Appian Cloud is trusted by the financial Services industry. Or, deploy on prem.