Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Bank of Bhutan's Loan Processing Goes Digital with Intellect Origination

Posted On: 2018-07-12 12:32:55

Intellect Design Arena ltd, a specialist in applying true Digital Technologies and a global leader in Financial Technology across Banking and Insurance, successfully rolled out Intellect Digital Origination at Bank of Bhutan, Bhutan. Bank of Bhutan is the oldest and largest commercial bank in Bhutan with over 37% market share. Intellect implemented an end-to-end credit decisioning system for both retail and SME line of businesses on a single platform.

Bhutan is one of the world's fastest growing economies and has demonstrated consistent rise in its macroeconomic indicators. The government's push to encourage development of private sector is expected to drive growth in the Retail and MSME sectors. looking at the changing market scenario, Bank of Bhutan saw the need to improve its processes with integrated risk management capabilities and faster processing. The solution was expected to provide them with internal credit checks, credit scoring, rating and compliance checks that fall in line with the Royal Monetary Authority (Central Bank of Bhutan) guidelines.

Bank of Bhutan selected Intellect's Digital Origination for complete business automation of its loan origination system bringing about a paradigm shift in the bank's credit decision making process. Intellect Digital Origination is a state-of-the-art workflow-based Credit Origination and Processing system that helps Banks to streamline and standardize its origination processes across multiple lines of business on a single platform. It eliminates data silos, reduces turnaround time for application processing, controls operational cost through streamlined customer on-boarding and improves customer experience through enhanced Straight Through Processing. The solution offers strong integration capabilities with different credit and statutory hosts and legacy systems over a variety of protocols for a seamless flow of transactions.

Ms. Karma Dema, Director, Bank of Bhutan, emphasised on the importance of the project to the bank. "Intellect's digital led innovative approach allowed us to support our growth strategy and loan quality initiatives as we position ourselves to take advantage of the market" says Ms. Dema, "The configurable aspects of Intellect Digital Origination solution has enabled us to minimize inefficiencies and errors due to manual processes and upgrades our overall data integrity controls which provides us to deliver a quality customer experience. With Intellect's system, our customers can now apply for a loan anywhere, anytime using any digital medium; for instance with mBoB loans are now a click away."

Rajesh Saxena, Chief Executive Officer, Global Consumer Banking, Intellect Design Arena, said, "Intellect Digital loan Origination enables Bank of Bhutan make instant credit decisioning for faster evaluation and disbursements. With automation and Straight Through Processing, Intellect's digital led solution can enable the bank deliver improved customer experience bringing down the TAT around loan approval and providing a 360 degree view of the customer exposure. Our Digital origination system is flexible and scalable to meet the challenges of technology, regulations and growing customer demands in the Bhutan market."

Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.198.2 as compared to the previous close of Rs. 197.5. The total number of shares traded during the day was 52988 in over 1005 trades.

The stock hit an intraday high of Rs. 203.35 and intraday low of 197.3. The net turnover during the day was Rs. 10605082.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Pennar Industries reports 48% y-o-y increase in Q2 FY2019 Standalone PAT at INR 11.2 crore

Glenmark's Consolidated Net Profit rises 93.30% to Rs. 4,140.00 Mn. in Q2 FY 2018-19

Chartered Logistics Ltd reports profit in Q2 FY19

Worldwide Leather Exports Ltd Q2 net profit vaults to Rs. 0.46 crore

Astrazeneca Pharma India Ltd Q2 PAT plunges to Rs. 9.13 crores

Refex Industries Ltd Q2 net profit soars to Rs. 3.78 crores

Apex Frozen Foods Ltd Q2 PAT jumps to Rs. 41.03 crores

Abbott India Ltd reports PAT of Rs. 137.68 crores in Q2 FY19

GSS Infotech Ltd consolidated Q2 PAT climbs to Rs. 4.21 crores

JMT Auto Ltd posts net profit of Rs. 1.70 crore

Orient Bell Ltd Q2 PAT increases to Rs. 4.54 crores

TechNVision Ventures Ltd consolidated Q2 PAT rises to Rs. 1.33 crore

Captain Polyplast Ltd consolidated Q2 net profit up at Rs. 1.02 crore

Swastika Investmart Ltd Q2 PAT drops to Rs. 0.76 crore

Gulshan Polyols Ltd Q2 FY19 net profit up at Rs. 5.41 crores

Nagreeka Exports Ltd Q2 net profit higher at Rs. 0.43 crore

Hindustan Foods Ltd posts PAT of Rs. 2.53 crores in Q2

Dynamic Cables Ltd H1 FY19 net profit soars to Rs. 6 crores

PRIME Securities Ltd Q2 consolidated PAT up at Rs. 3.70 crores

Vivo Bio Tech Ltd Q2 net profit jumps to Rs. 2.46 crores

Weizmann Ltd Q2 PAT surges to Rs. 4 crores

Warren Tea Ltd Q2 FY19 net profit lower at Rs. 13.69 crores

Acknit Industries Ltd Q2 PAT up at Rs. 0.90 crore

Bhagwati Autocast Ltd posts jump in net profit to Rs. 1.54 crore in Q2 FY19

Technofab Engineering Ltd Q2 net profit higher at Rs. 4.42 crores

Dhanalaxmi Roto Spinners Ltd Q2 PAT at Rs. 0.15 crore

Orient Press Ltd posts PAT of Rs. 0.48 crore in Q2

Scan Steels Ltd Q2 net profit rises to Rs. 7.02 crores

Birla Precision Technologies Ltd Q2 net profit jumps to Rs. 3.11 crores

Vasundhara Rasayans Ltd Q2 PAT slides to Rs. 0.94 crore

Oceanic Foods Ltd posts PAT of Rs. 1.40 crores in H1 FY19

Tata Steel reports Q2 FY19 results

National Plastic Industries Ltd Q2 net profit slumps to Rs. 0.32 crore

Savera Industries Ltd Q2 FY19 PAT declines to Rs. 2.63 crores

Birla Cable Ltd Q2 FY19 net profit zooms to Rs. 15.72 crores

Rubfila International Ltd posts drop in Q2 PAT to Rs. 3.49 crores

MILKFOOD Ltd reports net profit of Rs. 2.74 crores in Q2

RMC Switchgears Ltd H1 PAT up at Rs. 1.80 crore

Rain Industries Ltd consolidated Q3 PAT declines to Rs. 189.67 crores

Siyaram Silk Mills Ltd posts net profit of Rs. 24.44 crores in Q2

Damodar Industries Ltd reports PAT of Rs. 3.60 crores in Q2 FY19

Suraj Products Ltd Q2 net profit zooms to Rs. 1.85 crore

BDH Industries Ltd posts higher PAT in Q2 FY19

The Byke Hospitality Ltd Q2 net profit slips to Rs. 4.94 crores

Dalmia Bharat Sugar and Industries Ltd Q2 net profit increases to Rs. 35.82 crores

GOCL Corporation Ltd Q2 net at Rs. 5.98 crores

DFM Foods Ltd Q2 net profit rises to Rs. 7.05 crores

Kesar Terminals & Infrastructure Ltd Q2 FY19 PAT lower at Rs. 3.89 crores

Punjab & Sind Bank Q2 FY19 loss at Rs. 109.23 crores

Suditi Industries Ltd Q2 FY19 net profit climbs to Rs. 1.71 crore







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018