News Release
Appian Helps Banks Automate Lending for the UK Coronavirus Business Interruption Loan Scheme (CBILS) and Prepare for the Coronavirus Large Business Interruption Loan Scheme (CLBILS)
The Coronavirus Business Interruption Loan Scheme (CBILS) provides financial support to small and medium sized enterprises (SMEs) in the
Businesses need rapid approval and access to these funds. Banks and lenders must respond with fast, efficient processes. Appian’s application supports the full lifecycle of new CBILS and CLBILS loans through the state-backed
- Digital loan application online, via mobile or email to speed up the process and reduce wait time with the option to handle applications by post or through a call center. Form can be extracted using Appian’s AI-based Intelligent Document Processing capabilities.
- Faster loan qualification, including initial assessment per BBB eligibility checklist, management and verification of supporting documents, lending qualification, and digital signature collection based on CBILS requirements.
- Intelligent Risk and Fraud Management by detecting multiple applications from the same borrower or from a nonexistent business by easily integrating with external data sources, including
UK Companies House and credit scores. - Integrate with Banking Systems, including existing bank systems of record, Customer Relationship Management (CRM), document scanning and management, Optical Character Recognition (OCR), eSignature systems, and other industry standard tools.
- Compliance reporting and auditing for easy business visibility into loan processing, as well as ongoing BBB compliance requirements. Access near real-time insights on the number of loan applications, acceptance rate, loan values, and other key indicators.
“The CBILS and CLBILS are massive and unprecedented schemes to help businesses across the
Appian will host a webinar featuring Global and
Fireside Chat: Ensuring Readiness to Support CBILS
Rapidly Deploy a CBILS Application with Low-code Automation in Days
Find out how Appian is launching a CBILS application with one of the top four leading
This fireside chat will provide you with an overview and demonstration of how an Appian CBILS deployment can support
- A digital entry point for business loan applicants
- Intelligent rules to check applications based on
British Business Bank (BBB) requirements - Fraud management designed to detect multiple applications from the same borrower or nonexistent business
- Integration with existing bank systems of record and with industry standard tools like DocuSign, OCR, etc.
- Deployment on-prem or in Appian’s secure managed cloud depending on bank’s needs
Register for the webinar at https://ap.pn/2wG4vtW
The CBILS application is available for purchase and can be implemented by Appian or by any of Appian’s Global Strategic partners.
About Appian
Appian provides a low-code automation platform that accelerates the creation of high-impact business applications. Many of the world’s largest organizations use Appian applications to improve customer experience, achieve operational excellence, and simplify global risk management and compliance. www.appian.com
For Information Contact:
Sr. Director of Marketing Communications, EMEA
+44 (0)20 3514 2838
pr.uk@appian.com
Source: Appian Corporation