LOAN ORIGINATION

Our clients enjoy the benefits of fully digitized frictionless onboarding processes through our effective mobile phone applications or web front end in minutes. MIP Lending boasts a Decision Engine that can handle complex data exchange capabilities.

Automate your credit vetting through our seamless process, we are integrated with most credit bureaus. Our loan disbursement abilities have been applied starting with traditional instant transaction switching; to facilitating online retail shopping to closed loop card facilities; to the most robust mobile-money transfers seen in African countries.

ACCOUNT MAINTENANCE

Our flexible platform provides the ease of servicing your loan clients whether it be through a branch or tele marketing environment or even in the field using a smart device, your customers also benefit from self service capabilities via the web or app.

An online diary enables administrators to link any type of diary item to an account, providing event and action reminders with escalations. This includes client CRM information, client structures, call logging, and loan security or other transactional information.

Our system provides for multiple products:

• Full debtor accounting; dynamic fee structuring;
• Interest and installment plans (arrears or advance, any period type) 
• Funding and margin management.

SOPHISTICATED COLLECTIONS PROCESSES

This is enabled by document tracking inflow, document generation, and document tracking outflow. Our workflow team is staffed by industrial engineers ready to assist you in creating strategies that improve collections efficiency and yield.

Online management of due payments, projected receipts, and age analyses (including full arrears and management control reporting) ensure regular reviews of all loans. This includes electronic funds transfers (ACB), full ADO NADO [DebiCheck] integration and payroll deduction systems.

DESIGNED TO HANDLE YOUR UNIQUE CREDIT PRODUCT REQUIREMENTS

We have extensive experience working with our clients to create unique credit products. Our clients have the advantage of leveraging our parameter driven capabilities to deliver their credit products quickly to be responsive to market trends.

Our environment has been used to deliver the following credit products:

We have extensive experience servicing the South African credit Industry and managing risk, our clients comply with the National Credit Act [NCA] FICA / KYC / AML processes and enjoy the peace of mind that customer information is always protected as prescribed by POPIA.

The MIP Lending system also runs in neighboring countries such as Eswatini, Lesotho and Zambia and then further north as far as Kenya, Malawi and Ghana. This means that our credit platform is able to be easily adapted to not only suit a myriad of product scenarios but also meet the needs of operating in multilingual, multinational modes and multi-currency modes.

MIP Lending meets both the technical and business needs of this environment. Open technology allows easy integration to other third-party applications and MIP Lending also enables aggressive business strategies so that you can secure new opportunities.

All client administration functions take place online, in real time, via an interactive, web-based front-end. All transactions and their effects are immediately available for enquiry and further processing. Search engines facilitate quick access to client, account, ledger, loan security, and other information. This provides one-stop access to all client information, allowing users to effectively deal with client queries while on the call.

Our solution includes full general ledger integration and has been interfaced with all major Financial GL brands. Our offering includes a host of reporting capabilities which span over day-to-day reporting, International Financial Reporting Standards [IFRS – 9]. All your statutory returns and SACRA submissions requirements are included. Our Big Data team provides access to in-depth Business Intelligence reporting streams with adaptable dashboards to keep track of your Key Performance Indicators.

MEET OUR TEAM'S MANCO

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