[Mar 17, 2021] BenchMatrix Private Limited has successfully facilitated MCB Bank Limited, in the installation and implementation of its RiskNucleus® Loan Origination Solution in the Bank’s major business segments, including Corporate Banking, Retail Banking, Financial Institution services, NBFI, Agriculture Credit Division and Special Asset Management. The innovative software solution has been rolled out in all regions the Bank operates in, including Pakistan, Bahrain, UAE and Sri Lanka, with the aim to automate and bring efficiency in the bank’s processes.
Through digitization of data input at different regions, the system will allow MCB Bank to go paperless in all segments and operating regions, enabling quick decision making through a smart and centralized view of proposed and existing risks with required securitization and documentation checklist in different segments. The comprehensive solution will enable efficiency in loan initiation, credit approval management, credit policy, limit monitoring, financial documentation management, risk rating, collateral management, TAT monitoring and post approval activities in all regions, including those overseas, with the ability to connect through multiple domains.
About MCB Bank Limited
MCB Bank is one of the largest & most innovative banks in Pakistan. The Bank operates a strong and vast network of over 1,400 Branches and over 1,350 ATMs in Pakistan and 11 branches overseas. With a customer base of over 7 million, MCB leads the banking & financial services sector in Pakistan and customers across the globe have 24/7 access to MCB Bank via our World Class Internet Banking.