The Client
One of the largest regional banks in ASEAN with particularly strong presence in Singapore and Hong Kong, and business locations spanning China, Taiwan, India and Southeast Asia.
The Challenge
High Operating
Costs
Manual
Processes
Extensive Monitoring
Theta’s solutions designed to…
- Reduce loan processing costs while maintaining high credit quality
- Online application status tracking with 100% automation of routine tasks, freeing bank officers for value-adding activities
- Full integration with the bank’s existing systems, credit databases, and credit bureaus in Singapore and Hong Kong
- Web-based solutions to facilitate cross-border loan application status tracking and sales monitoring
Results
High degree of straight-through processing & automation in lending workflow
4-hour approvalNext-biz day disbursement
Significant market share gain in key markets HK & SG
Reduced back-office staffWith ORIGINS, the bank was
approved by regulators to adopt Basel II IRB for capital requirements