Bank Syariah Mandiri adopts loan origination system<\/p>\n
The Jakarta Post, Jakarta<\/p>\n
Customers, individual and corporate, will soon be able to
\nexperience faster loan approvals as Bank Syariah Mandiri applies
\nthe \"automatic\" loan origination system (LOS).<\/p>\n
The financing solution will speed up the process of loan
\napprovals for customers from weeks to just hours or minutes after
\nthe implementation of Sigma Approva, which is based on a
\nmemorandum of understanding (MOU) between Bank Syariah Mandiri
\nand PT Sigma Cipta Caraka signed on Monday.<\/p>\n
Faster customer feasibility evaluation, from when they submit
\nthe loan proposal to when the bank approves it, is supported by
\nweb-based and core-system-integrated financial scoring analysis
\nand financial policy.<\/p>\n
\"Without a good scoring analysis system, it would be hard for
\nthe solution to be implemented,\" said Bank Syariah Mandiri
\nCompliance and Risk Management Director Ogi Prastomiyono.<\/p>\n
The faster, automatic process can be enjoyed after the
\nimplementation of Sigma Approva\/LOS, which is scheduled to be
\ncompleted in four months.<\/p>\n
Sigma Approva\/LOS has been implemented by Bank Permata, Bank
\nPanin, Bank NISP, GE Finance, Bank Internasional Indonesia, as
\nwell as other financial institutions.<\/p>\n
Ogi said the bank has invested Rp 841 million (US$88,807) for
\nthe system. \"This year we are allocating Rp 25 million for the IT
\ndevelopment.\"<\/p>\n
Bank Syariah Mandiri targets lending of up to Rp 7 trillion
\nthis year. In this year's first quarter, the bank, which has
\ntotal assets of Rp 7.594 trillion, lent a total of Rp 6.307
\ntrillion.<\/p>\n
The bank recorded a loan deposit ratio (LDR) of 103.67 percent
\nand Rp 6.81 trillion in profit in the January to April period
\nthis year. (001)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/bank-syariah-mandiri-adopts-loan-origination-system-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}