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South African Bank Approves Customer Loans in Minutes With New Processing System

PublisherMicrosoft
Format WORDDate added05 Sep 2007
Topics .NET, Application Development
Downloads117

Nedbank, one of the four largest South African commercial banks, is a major player in the micro and personal loans sector, with a focus on the country's financially underserved and low-income communities. Faced with growing demand, Nedbank Personal Loans looked for an alternative to its paper-based loan-processing system, which was time consuming and inefficient. Nedbank turned to Microsoft Gold Certified Partner Intervate for a business-process automation and workflow solution using the Microsoft .NET Framework development system. As a result, in 2006, Nedbank handled a 107 per cent growth in loans business, with only a 6 per cent increase in resources. Approval time for processing a loan - where the customer provided all information correctly - fell from five days to less than a day.

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