Samba Bank to go paperless with BenchMatrix
Pakistan-based Samba Bank has signed for BenchMatrix’s retail loan origination system, RiskNucleus LOS.
The solution will automate the bank’s consumer lending processes across its entire network of 37 branches and facilitate “moving towards a fully paperless environment”, BenchMatrix says.
BenchMatrix to help Samba Bank go paperless
Samba Bank has been on a major tech modernisation spree over the last few years, including entperise-wide software and hardware replacement.
BenchMatrix is a Pakistan-based advisory services and IT solutions provider specialising in governance, risk and compliance solutions. It was set up in 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 used by Faysal Bank, Soneri Bank, NIB Bank and Allied Bank in Pakistan; FIMBank in Malta; The Bank of Bahrain and Kuwait (BBK) and Burgan Bank in Kuwait; Algeria Gulf Bank; and BFC in Bahrain.
