Monday, 15 April 2024

Best Lending Implementation goes to HSBC

5 min read

By The Asian Banker

This winning bank’s cutting-edge, multi-country credit portal automated the approval process for SME and corporate loans, reducing approval time from days to minutes. It disbursed SME and corporate loans of up to $5 million each across multiple countries. 

The cloud-based system integrated 14 data sources and 17 systems, enabling faster data capture, credit checks, and AI-based decisions. With 60% of loans approved without human intervention, 1.2 million entities benefited from this streamlined process.  

The bank witnessed a remarkable 300% increase in loan value and a staggering 500% surge in loan volume. 

For its innovative approach and outstanding results, the award for Best Lending Implementation goes to HSBC. 

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