The latest technology will facilitate the bank to automate the credit application process end-to-end so that it can provide faster turnaround times and better services to the clients.
NBF chief operations officer TN Sekhar said that CMS will help the Bank reduce turnaround time for its credit decisions and enhance the effectiveness of its credit underwriting and portfolio risk management.
"By automating NBF’s credit process from origination to approval and subsequently into the documentation and limit handling process, Annik has provided NBF with an integrated platform that will allow us to scale up the refinement of our credit process as and when required," said Sekhar.
Annik Technology Services CEO Rahul Sahgal said the successful go-live with one of the established banks in the region is a validation of the firm’s technical capability and a proof of its strong commitment to assist clients in the region.
The successful implementation of the CMS platform has provided NBF with the flexibility, scalability, security and performance capabilities to enhance service delivery and bring more innovative products and services to market", Sahgal added.
