Bank of Khyber has selected BenchMatrix’s RiskNucleus Loan Origination System (LOS) to streamline and automate various stages of lending/financing approval process. This strategic move leverages advanced technology to streamline loan origination, enhance efficiency, and ensure regulatory compliance “At Bank of Khyber, our top priority is delivering unparalleled value and service to our customers. The implementation of the Risk-Nucleus® Loan Origination System will empower us to significantly reduce turnaround times and improve decision-making processes. This step reinforces our commitment to innovation and adopting cutting-edge solutions to better serve the evolving needs of our customers”
The RiskNucleus Loan Origination System is a robust solution aimed at streamlining the loan approval journey. The key features include Request Details and Obligor details modules; which allows to capture and easily update both request and obligor information during the credit reviews ensuring that all relevant data is updated. Facility, Collaterals and Facility Coverage modules allows the users to manage and track financing limit requests, offers visibility into security coverage against the requested facilities enabling the users to assess the associated risk and ensuring comprehensive coverage analysis. Financial and Risk Rating modules enables the capturing of financial and non-financial data relevant to loan applications; which assists in evaluation of credit worthiness of the obligors, contributing to informed decision making through automated credit approval workflow process enhancing efficiency, transparency and operational effectiveness.
This collaboration underscores Bank of Khyber’s commitment to leveraging modern solutions for seamless operations and improved customer experience.
Comments from Hassan Raza, Managing Director BOK
About Bank of Khyber
The Bank of Khyber was founded in 1991 under an Act passed by the Provincial Legislative Assembly and attained the status of a scheduled bank in September 1994. It holds a distinctive position among banks in Pakistan and is privileged to be one of the few government-owned banks in the country. With a strong connection to business and commercial circles, the Bank has consistently catered to the financial needs of various sectors. It has effectively provided both funded and non-funded facilities to support its customers’ diverse business requirements.
About BenchMatrix
BenchMatrix is a global leader in providing advisory services and automated technology solutions for Governance, Risk & Compliance (GRC), Anti-Money Laundering (AML), Loan Origination (LOS), and Digital Banking, among other areas. Our extensive full-cycle implementation experience spans multiple regions, making us a trusted partner to financial institutions worldwide.
We are committed to empowering banks and financial institutions by delivering seamless, efficient, and practical solutions tailored to their needs. As your technology partner, we develop, implement, and maintain critical systems that enhance your operations. Our team boasts extensive full-cycle transformation projects with multinational organizations, including successful implementations in Saudi Arabia, Bahrain, Qatar, UAE, Kuwait, France, Canada, and Pakistan.