NdcTech wins IT services award

KARACHI: NdcTech, a subsidiary of Systems Limited, has won the Asian Technology Excellence Award for "Best Digital - IT Services" in banking, the company said on Monday.

The award, hosted by Asian Business Review, recognises exceptional projects and innovations from technology companies that have pioneered ground-breaking IT products and solutions for businesses.

NdcTech was honoured for its successful transformation of the digital loan origination experience for one of the leading banks in the ASEAN region with 11 million customers, using its own commercial loan origination solution on Temenos Digital Platform.

The solution, built on intelligent process automation, has streamlined the bank's end-to-end processing of commercial loans, from initiating, sanctioning, credit assessment, scoring, storing to disbursement of loans, the company said.

The solution also enables the bank to respond faster to credit requests, minimise operational expenses, risks, and loan default rates, and ensure paperless processing of credit applications in a cloud-native environment.

The award recognises Systems Limited's maturity in the use of industry best practices and frameworks as well as execution excellence in delivering such a significant banking transformation, the company said.