IDBI Bank Launches Fully Digitised Automated Loan Processing System for MSME and Agri Lending
New Delhi: IDBI Bank Limited has launched a fully digitised, end-to-end, Loan Processing System (LPS) for its MSME and Agri. products. This new loan processing system seamlessly integrates with data fintechs, bureau validations, document storage/retrieval, account opening/management, customer notifications, and portfolio management capabilities along with embodied policy/knock off parameters.┬аIDBI Bank Allows Video-based Customer Identification.
These features of the fully digitised and automated loan processing system are aimed at providing a superior tech-enabled banking experience to bank’s MSME & Agri. customers, the bank said in a statement. The platform is designed to incorporate knock-off criteria & credit policy parameters for superior underwriting standards, the statement added.
Loans for a combination of Agri and allied activities are sanctioned under IDBI Bank Kisan All Purpose Loan. To know more, click here: https://t.co/llsxyLCgb9 pic.twitter.com/suUBGUlKMX
тАФ IDBI BANK (@IDBI_Bank) May 17, 2021
Commenting on this, Suresh Khatanhar, Deputy Managing Director, IDBI Bank, stated that, ‘LPS would carry a total of more than 50 product lines and would offer seamless credit life-cycle with over 35 interface touch points to many satellite systems. The LPS integrates with the existing core database, human resource management system, and various other applications of the Bank. This utility would considerably enhance the customer experience with improved turn-around time.”
(The above story first appeared on Today News 24 on May 19, 2021 03:43 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website todaynews24.top).
