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
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.