Philippine biz bank automates loan process with Nucleus Software
By Enterprise Innovation Editors | 2011-01-21
Philippine Business Bank has recently decided to improve its lending system by implementing the Customer Acquisition System (CAS) Retail module of Nucleus Software’s FinnOne suite, which will help in processing consumer loans across its 55 branches.
Philippine Business Bank offers loans and deposit services to its customers in Philippines. With its vast functionalities and domain expertise, FinnOne CAS retail will automate the bank’s loan origination process, leading to higher productivity, efficiency and flexibility to meet the ever changing market requirements. After the implementation, the bank will be able to undertake online credit evaluation and tracking of application forms.
Commenting on the partnership, Mr. Danilo A. Alcoseba, President and CEO, Philippine Business Bank, said, “By leveraging the CAS retail module from Nucleus’ state of the art, FinnOne suite, we hope to streamline our entire loan origination process. Our aim is to stay ahead of the curve in the country’s consumer lending space. By assisting our systems with flexibility in launching new products and credit evaluation, it will allow us to go more aggressive in the consumer segment and penetrate the consumer lending market more effectively.”
Mr. Niraj Vedwa, COO, Nucleus Software Exports Limited, said, “The Philippines market has always offered great opportunities for Nucleus’ products and has been a key focus area in our growth strategy. This partnership with Philippines Business Bank further strengthens our commitment to offer cutting edge technology products for the banking and financial institutions in Philippines.”