Skip to main content
  • About us
    • VeriPark
    • Our Values
    • Awards & Recognition
    • Management Team
    • Advisory Board
  • Resources
    • Product Brochures
    • E-books & Whitepapers
    • Videos
    • On-demand webinars
    • 1:1 Assessment
  • News & events
    • News
    • Events
    • Press
    • Newsletter
  • CAREERS
    • What we live for
    • The way we work
    • How we hire
    • Join our team
  • Contact
    • Contact us
    • Our Offices
  • en
  • de

Search

Home
Mobile menu expand icon Menu Close
  • Browse by SOLUTION
    • VeriChannel
      • Digital Onboarding
      • Mobile Banking
      • Internet Banking
      • Branchless Banking
      • Personal Finance Management
      • Merchant Portal
      • Contact Center Banking
      • Chatbot
      • Mobile Payments
      • Digital Offboarding
      • VeriChannel as a Service
    • VeriTouch
      • Sales & Prospect Management
      • Customer Enrollment
      • Single View of Customer
      • Role-based tablet applications
      • Cross - upsell
      • Next Best Action
      • Marketing & Campaign Management
      • Contact Center Solution
      • Complaints & Service Requests
      • Loyalty Management
      • Customer Insights
      • Know Your Customer
      • Apps for MS Cloud for FSI
    • VeriLoan
      • Digital Lending
      • Digital Collections
      • Retail Loan Origination
      • Retail Loan Servicing
      • Corporate Loan Origination
      • Corporate Loan Servicing
      • Extending MS Cloud for FSI
    • VeriBranch
      • Conventional Branch
      • Branch Teller
      • Branch Seller
      • Branch Advisor
      • Digital Branch
      • Universal Banker
      • Self-service
      • Assisted Service
    • VeriLink
      • Integration Layer
      • 3d Party Integration
  • Browse by INDUSTRY
    • Retail banking
    • Corporate/SME Banking
    • Private Banking/Wealth
    • Insurance
  • Customers
    • Success Stories
    • Global Customers
  • Partners
    • Solution Ecosystem
    • Implementation Partners
    • Become a Partner
    • Partner login
  • Blog
  • Demo request
  • About us
    • VeriPark
    • Our Values
    • Awards & Recognition
    • Management Team
    • Advisory Board
  • Resources
    • Product Brochures
    • E-books & Whitepapers
    • Videos
    • On-demand webinars
    • 1:1 Assessment
  • News & events
    • News
    • Events
    • Press
    • Newsletter
  • CAREERS
    • What we live for
    • The way we work
    • How we hire
    • Join our team
  • Contact
    • Contact us
    • Our Offices
  • en
  • de

Search

VeriPark Helps European Banks Comply with New EBA Guidelines on Loan Origination & Monitoring

Breadcrumb

  1. Home
  2. News & events
  3. VeriPark Helps European Banks Comply with New EBA Guidelines on Loan Origination & Monitoring
VeriLoan EBA GL LOaM assessment score

In June 2021, the revised European Banking Authority (EBA) Guidelines on loan origination and monitoring will be taking effect for newly originated loans. 

The EBA’s expectations apply to all banks offering loans to consumers, SMEs and corporates and to other creditors offering loans to consumers. The new Guidelines are likely to make it necessary for banks to re-orchestrate their lending processes, developing strong capabilities for the granting and monitoring of credit facilities throughout their lifecycle.

A recent independent 3rd party assessment shows that VeriPark’s Loan Origination solution VeriLoan offers banks a sound basis and broad support for establishing compliance with these revised Guidelines.  VeriLoan proves to be fit to support banks in meeting the highest compliance standards.

Download the compliance report

VeriLoan Empowers Banks to not only Comply with EBA but to Thrive through Digital Transformation

  • checklist

    How VeriLoan can help banks comply with the EBA Guidelines

    Regarding adherence to EBA GL, following topics are covered by VeriLoan:

    • Provision of formal processes governing the credit-granting process from loan application to disbursement, including appropriate escalation procedures,
        
    • Management of user access rights ensuring pre-defined delegations and hierarchies are adhered to,
        
    • Collection of data from customers and external sources required for the decision and documentation requirements of the bank,
        
    • Execution of automatic rules and checks on whether required data has been provided (e.g. by the loan applicant) and whether the provided data meets predefined requirement,
        
    • Integration with the bank’s systems for complex calculations (e.g. querying of scoring engines, specific models…),
        
    • Provision of tools for regularly monitoring and managing customers and exposures,
        
    • Logging and reporting features to document the credit granting and regular review processes.
    get in touch to find out more
  • Enrollment Request icon

    Download the VeriLoan EBA compliance report

     

     

Interested to find out more?

We would be more than happy to discuss how we can help your company achieve EBA compliance and to share the full 3rd party assessment results with you

request a meeting
bokeh

About VeriLoan

Loan Origination & Servicing for Retail, SME and Corporate Banking

Built on top of Dynamics 365, VeriLoan automates the entire loan process from prescreening, onboarding, credit review, underwriting, disbursement to collection.
  • Digital Lending

    Read more about Digital Lending
  • Digital Collections

    Read more about Digital Collections
  • Retail Loan Origination

    Read more about Retail Loan Origination
  • Retail Loan Servicing

    Read more about Retail Loan Servicing
  • Corporate Loan Origination

    Read more about Corporate Loan Origination
  • Corporate Loan Servicing

    Read more about Corporate Loan Servicing
  • Extending MS Cloud for FSI

    Read more about Extending MS Cloud for FSI

Success stories

View all cases
Success-Story-Infographic-Teaser_FAB
Retail banking
Customer Engagement (CRM)
Omni-channel Delivery

FAB enhances customer and employee experience in first-of-its-kind cloud implementation in UAE

Read more
AlternatifBank CRM Case study infographic Teaser
Retail banking
Corporate banking
SME banking
Customer Engagement (CRM)

Alternatif Bank engages customers and employees with VeriTouch CRM from VeriPark

Read more

Blog

All blog posts
Blog_How can banks unlock growth through customized SME banking services
Corporate banking
SME banking
Loan Origination
Digital Transformation
Lending & Collections
15 November 2023

Addressing the global call for tailored SME Banking services

Unlock Growth Potential in SME Banking Worldwide with VeriPark and Qorus Report...

Read more
Read more
VeriPark transaction dispute resolution image
Retail banking
SME banking
Customer Engagement (CRM)
Omni-channel Delivery
Customer Experience
DYN365
Merchant Portal
24 August 2023

From complaints to confidence: The digital future of transaction dispute resolution in banking

Discover CRM's role in revolutionizing transaction dispute resolution in banking...

Read more
Read more
10 ways banks can take advantage of a universal banking system
Retail banking
Corporate banking
Branch Automation
Customer Experience
Empower Employees
Universal Banker
26 July 2023

How banks can use data and technology to turn branch tellers into customer focused sellers and advisers

Transform Bank Branches: Empower Tellers as Advisors with Data and Tech...

Read more
Read more
13 Apr 2021

Share

Facebook
LinkedIn
Twitter
Print
E-mail

Company info

Logo Veripark

Enabling Financial Institutions to become Digital Leaders with our Intelligent Customer Experience Suite.

Contact us

Social media links

LinkedIn
Facebook
Twitter
Youtube

Company

  • About us
  • Offices
  • Jobs
  • News & Events
  • Sign up for our newsletter

Products

  • VeriChannel
  • VeriBranch
  • VeriTouch
  • VeriLoan
  • VeriLink

Industries

  • Retail banking
  • Corporate/SME banking
  • Private banking & Wealth
  • Insurance

Copyright

© VeriPark 2023

Footer

  • Sitemap
  • CMMI Certificate
  • ISO 9001 - ISO 14001 - ISO 27001
  • Privacy Policy
  • Cookie Policy
  • Cookie Preferences

Powered by Dropsolid

Powered by Dropsolid