Faysal Bank Limited has selected BenchMatrix Private Limited for implementation of Loan OriginationSystem. BenchMatrix’s RiskNucleus® LOS will assist in automating Loan origination, review and approval processes in Faysal Bank.
Implementation of this automated workflow-based system will speed up the credit approval routing and review processes electronically in all non-consumer segments which mainly include Corporate, Commercial, SME, SAM, Agri & Retail Banking segments. Through digitization of data input at different regions, system will allow the Bank to go paperless, enabling quick decision-making through a smart & centralized view of proposed and existing risks with required collaterals as well as documentation checklist. System will also improve process efficiency levels by providing the Bank with more systembased controls at pre-approval stages, and helping in post-approval credit monitoring.