Samba Bank has selected BenchMatrix Private Limited for implementation of Loan Origination System (LOS). BenchMatrix’s RiskNucleus® LOS will assist in automating loan origination, review and approval processes in Samba Bank. In addition, the solution will ensure that the Bank remains compliant to regulatory reporting requirements.
Implementation of this automated functionally rich workflow-based management system for loan origination will speed up the credit approval routing and review processes electronically in all Corporate, Commercial, SME, Special Asset Management, Agri & Retail Banking segments. Through digitization of data input at different regions, system will allow the Bank to go paperless, enabling quick decision-making by empowering the business users to identify best opportunities sooner through a smart & centralized view of proposed and existing risks for the credit underwriters with required collaterals as well as documentation checklist. System will also improve process efficiency levels by providing the Bank with more system-based controls at pre-approval stages, and helping in post-approval credit monitoring.
About Samba Bank:
Samba Bank Limited is a fully owned subsidiary of Saudi National Bank.. Focused on building a full-service consumer, corporate, investment banking and capital markets franchise by winning customer business through high quality services and innovative products. listed on Pakistan Stock Exchange – PSX (Formerly Karachi Stock Exchange).
The bank has a growing network of online branches with presence in Karachi, Lahore, Islamabad, Rawalpindi, Peshawar, Sialkot, Multan, Gujranwala Faisalabad, Bagh – AJK.