Corporate corner: Samba Bank moves towards automation

Samba bank has announced that it has decided to automate its consumer lending process

KARACHI: Samba Bank Limited, a majority-owned subsidiary of Riyadh-based Samba Financial Group, has announced that it has selected BenchMatrix's Retail Loan Origination System to automate its consumer lending process at all 37 of its branches and move towards a fully paperless environment.

In a press release, the bank said by automating the consumer lending process, it seeks to bring about improvements in its consumer lending and risk management process by enhancing internal and regulatory limit management, simplifying documentation management and collateral assessment, strengthening internal policy management and substantially reducing turnaround time for loan applicants.

Published in The Express Tribune, January 21^st, 2017.

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