Samba Bank has announced that it has signed for BenchMatrix’s retail loan origination system, RiskNucleus LOS in order to move towards a fully paperless environment.
The solution will automate the bank’s consumer lending processes across its entire network of 37 branches.
Samba Bank has been on a major tech modernization spree over the last few years, including enterprise-wide software and hardware replacement.
BenchMatrix is a Pakistan-based advisory services and IT solutions provider specializing in governance, risk and compliance solutions since 2010.
The majority of its customers are in the Middle East and Asia, but there are a handful projects further afield – in France, Malta and Canada.
Its flagship offering, RiskNucleus, is already used by Faysal Bank, Soneri Bank, NIB Bank Allied Bank in Pakistan.
