California's MindBox is inviting US banks to test a set of software components designed to automate common steps in the lending process.
Based on MindBox's ART*Enterprise technology, the set of six components fit into the workflow of an automated lending process.
Richard Barfus, president and CEO of MindBox, says the components are designed to provide a framework into which company-specific knowledge, best practices and parameters can be integrated for each step of the lending process, from the initial credit evaluation to pricing the chosen product.
"By allowing customers to implement our powerful decisioning technology in a phased approach we have removed the barriers of cost and time for smaller institutions," he says. "We're providing the same value to larger institutions that must act immediately to maintain their competitive edge."
MindBox is currently conducting a beta programme to generate feedback on the first deployments of the components and to see the functionality in practice in a real-world environment prior to general availability release of the components. Companies interested in participating can sign up through 31 December, 2000. The programme will conclude on 15 January, 2001.