Axe Finance positioned as the Leader in the 2023 SPARK Matrix (TM) for both Commercial and Retail Loan Origination Systems by Quadrant Knowledge Solutions
- The Quadrant Knowledge Solutions SPARK Matrix™ provides competitive analysis and ranking of the leading Commercial Loan Origination System and Retail Loan Origination System vendors.
- Axe Finance, with its comprehensive lending technology and customer experience management, has received strong ratings across the parameters of technology excellence and customer impact.
February 2024 - Quadrant Knowledge Solutions announced that it has named Axe Finance as a 2023 technology leader in SPARK MatrixTM: Commercial Loan Origination System and SPARK MatrixTM: Retail Loan Origination System.
The Quadrant Knowledge Solutions’ SPARK Matrix™ includes a detailed analysis of global market dynamics, major trends, vendor landscape, and competitive positioning. The study provides competitive analysis and ranking of the leading technology vendors in the form of its SPARK MatrixTM. The study offers strategic information for users to evaluate different provider capabilities, competitive differentiation, and market position.
Siddharth Arya, Analyst at Quadrant Knowledge Solutions said:
Axe Finance offers the Axe Credit Portal (ACP). This advanced AI-driven Loan Origination System (LOS) offers credit lifecycle automation capabilities to financial institutions (FIs) for retail and commercial lending. ACP empowers FIs with workflow automation, a multilingual interface, enhanced credit risk scoring, seamless integration, and a sophisticated rules engine for improved decision-making. The solution stands out with notable features, including Straight Through Processing (STP), native dedupe functions, flexible document checks, automated financial ratios, real-time monitoring, and ISO certification for international information security standards compliance. ACP is a comprehensive loan origination solution that optimizes credit processes with efficiency and security.
Owing to its overall sophisticated Commercial Loan Origination and Retail loan Origination offerings, the strong value proposition for customers, and robust strategy and roadmap, Axe Finance has received strong ratings across the parameters of technology excellence and customer impact and has been positioned as a leader in the 2023 SPARK MatrixTM: Commercial Loan Origination System and SPARK MatrixTM: Retail Loan Origination System.
Chris Kneen, Chief Commercial Officer at Axe Finance said:
Axe Finance is very proud of this achievement and, confirms the company's leading position in the digital lending area and our commitment to offer the best-in-class digital lending solution for all segments. Thanks to the flexibility and user-friendliness of ACP, bankers compose innovative financing journeys, that boost lending performance across every step in the credit lifecycle (such as origination, credit scoring, automatic decision, and servicing)
Our strategic approach of specialization and expertise across the lending lifecycle is our promise to deliver efficient and high-quality digital lending solutions, building long-term relationships with reputable banks worldwide.
A Loan Origination System (LOS) software enables financial institutions (FIs) to automate, streamline, and oversee the complete end-to-end lending processes for different types of loans, including commercial and retail loans. A comprehensive LOS solution encompasses tasks from pre-qualification and online application generation to credit decisioning, approval, underwriting, documentation, pricing, funds disbursement, and administration, and makes loan administration easier by automating activities such as data collection, document management, and workflows and provides a single system of record which eliminates re-keying of data.
The ACP solution enables FIs to mitigate credit risks associated with loan applications by evaluating applicants’ credit scores and provides them with insights for informed loan issuance decisioning. Improved automation enables FIs to manage high-volume lending operations, personalize their customer onboarding processes, stay compliant with regulatory requirements, and gain insights into credit risk productivity while reducing overall costs and enhancing their operational efficiency.
About Axe Finance
Founded in 2004, Axe Finance is a global market-leading software provider focused on credit risk automation for lenders looking to provide an efficient, competitive, and seamless omnichannel journey.
Axe Finance developed the Axe Credit Portal (ACP) a future-proof AI-driven solution to automate the entire credit lifecycle from KYC to servicing, including origination, credit scoring, and automatic decision-making. ACP is a multi-segment digital lending solution covering not only Retail, Commercial, Corporate, FIs, and Sovereign segments but also other specific types of lending such as Microfinance, BNPL, embedded financing, and Islamic finance. Axe Finance is the trusted partner of reputable banks worldwide such as Société Générale, OTP, Al Rajhi Bank, ADCB, FAB, BBK, Bangkok Bank Limited, and Polaris Bank.
About Quadrant Knowledge Solutions
Quadrant Knowledge Solutions is a global advisory and consulting firm focused on helping clients in achieving business transformation goals with Strategic Business and Growth advisory services. At Quadrant Knowledge Solutions, our vision is to become an integral part of our client’s business as a strategic knowledge partner. Our research and consulting deliverables are designed to provide comprehensive information and strategic insights for helping clients formulate growth strategies to survive and thrive in ever-changing business environments.
For more available research, please visit https://quadrant-solutions.com/market-research/
