Reviewing Your Application
The We're reviewing your application step is a transition step between the sending of the application to the answer returned by the bank. It contains the message: The verification process may take a few minutes, but we'll let you know as soon as it's complete.
The system uses automation processors to conduct the analysis to check the eligibility of the loan request made by the borrower. They have to be approved for at least one offer from the bank, otherwise, the application is rejected for all banking products.
For details on the formulas used for calculation, see Configuring the Formulas. In the form driven flow
FTOS_BASME_FinalAnalysis, in the step FinalAnalysis > Advanced > After Events, the system calls the script FTOS_BASME_FinancialCalculations to determine whether the application is approved or rejected. 
The analysis of the application
Below, there is a list with the data needed:
| Attribute | Source of data |
|---|---|
| Social capital | Balance sheets |
| Number of employees | Balance sheets |
| Turnover over the past 12 months | P&L statement |
| Business legal status | Companies House |
| Company establishment | P&L statement |
| Trading on credit | Balance sheets |
| Expected annual debt repayments over the last 12 months? | P&L statement |
| Industry | Company House |
| CCJ | Experian |
| Bankruptcy | Companies House |
The system uses the Company House and Experian connectors. The connector does not come within the package, therefore, you have to install it separately. However, the solution can accommodate any other third-party software, this is one such software integration developed by FintechOS. Depending on localization, other connectors prodused by FintechOS may be used: KeysFin (for the Romanian market), Dun&Bradstreet (available world-wide).
After the system fetched the data, the application data is updated with the new information (if any). In case the new information is the same as the one from the DIP application, the data and score result do not change. In case there are differences in the data, the system overrides the existing data with the new data obtained. In case any data is overwritten, the system recalculates the scoring matrix and all the needed offers.