Bank of Philippine Islands Picks Nucleus' FinnOne for SME Loans Evaluation
Bank of Philippine Islands (BPI) has chosen Nucleus Software’s FinnOne customer acquisition system – corporate (CAS Corp) SME module to support loans evaluation and origination process for the bank’s small and medium enterprise (SME) clients. BPI, which is the third largest commercial bank in the Philippines, is already using Nucleus’ FinnOne CAS, CCAPS and collections.
Selected after thorough evaluation, CAS Corp was chosen due to expertise in technology focused on the SME sector. The system is the corporate module focused on the unique business needs of this segment and empowers banks to create innovative products. CAS Corp will enable BPI to manage scalable, high volume and online credit and loan evaluations for SMEs. The system will take the loan acquisition process from the first contact, to application form acceptance, to the various stages of its work flow, queue management right up to the reject / approval decision for the disbursement and loan booking leading to an efficient risk free loan management process.