BoK strikes partnership to streamline lending

PESHAWAR: Bank of Khyber (BoK) and BenchMatrix have entered into a partnership under which the formed has selected latter’s RiskNucleus Loan Origination System (LOS) to streamline and automate various stages of the lending and financing approval process.

A press release said the move leveraged advanced technology to enhance loan origination, improve efficiency, and ensure regulatory compliance.The agreement was signed in the presence of Hassan Raza, Managing Director & CEO, BoK, by Sher Muhammad, Group Head, Conventional Banking, BoK, and Taimur Kaleem, Chief Executive, BenchMatrix, along with other senior executives.

The RiskNucleus Loan Origination System is a robust solution aimed at streamlining the loan approval journey.The key features include request details and obligor details modules which allow to capture and easily update of both request and obligor information during the credit reviews ensuring that all relevant data is updated.

Facility, collaterals and facility coverage modules allow the users to manage and track financing limit requests, and offer visibility into security coverage against the requested facilities enabling the users to assess the associated risk and ensuring comprehensive coverage analysis.

Financial and risk rating modules enable the capturing of financial and non-financial data relevant to loan applications which assists in the evaluation of credit worthiness of the obligors, contributing to informed decision-making through automated credit approval workflow process

enhancing efficiency, transparency and operational effectiveness.