Term

RLOS

Banking Loan Lending

Retail Loan Origination System

Retail Loan Origination System (LOS) - A platform that digitizes the entire personal credit process, from application intake, assessment (KYC, credit scoring), and approval to disbursement and loan activation.

Related Journeys

Loan Application

Loan request and approval process

Related Terms

Loan Application

KYC

Know Your Customer (KYC) - The process of verifying customer identity within the bank.

Credit Score

Credit Score - A score assessing a customer's ability to repay debt.

Risk Assessment

Risk Assessment - Determining the level of risk of a loan or investment.

Disbursement

Disbursement - The process of transferring loan funds into the customer's account.

Loan Activation

Loan Activation - The final step for a loan to take effect.