Streamline and automate the loan and account originations process with Spark.
Spark is a very flexible platform that makes data readily available for consumption either internally or externally with absolutely no dependency on vendors. Data is first liberated then later augmented before it can be made available for consumption through the latest digital touch points. It is an API-enabled Platform, which brings to life an ecosystem delivering a true omnichannel banking experience.
Spark integrates with any existing banking systems. Once the integration is complete, you will be able to:
- Management of operational rules and workflow.
- Retrieval of analysis/analytics about a transaction.
- Total control over data.
Spark also makes it possible for electronic information to be exchanged with a limited array of existing legacy systems, external data providers, credit reference agencies, brokers and lenders.
Spark's modularised architecture and underlying powerful framework makes rapid integration possible with API enabled third party service.
Hub has knowledge of communicating with dozens of systems and services. All this knowledge can be reused to quickly integrate with any API.
It's innovation layer provides capabilities to expand into the areas of artificial intelligence, predictive analytics, and business insight.
One of the high points of Spark is the in-built decision engine that it comes with. The decision engine is based on BPMN and DMN standards, and it makes it possible for business users to respond to market events from anywhere around the globe using a web modeller. Revised models can also be deployed in no time.
The entire decision-making process can be self-run or automated according to business needs. This saves time and resources. Processes can be programmed to auto-approve or auto-reject applications or send for manual review.
A business website and its content constitute the face of the business. They are an online representation or image of the business. Website content may be changed periodically or frequently, and this is where CMS comes in to play. Linking CMS to back-end transaction applications like decision engine in traditional systems can be a daunting task.
Spark extracts all this front matter (website content) and deploys it to CDN (content delivery network ) which guarantees and delivers a fast response anywhere in the globe.
Since entire front matter is served as static content, basic problems that come with OS bundled static servers are eliminated by default. The front end also comes with a headless CMS that is based on markdown. Using friendly and intuitive interface, business users can create/modify content with no fancy tech knowledge.
Cloud native & Zero downtime
Spark is cloud native. Yes, we said that because it takes advantage of cutting-edge technology and comes pre-configured with features like Load Balancer, Redundancy and Autoscaling.
This tells us that the application should never go down, and if by any chance it does, a new instance spins up and joins the cluster in no time.
Any new features can be deployed with zero downtime.