View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
November 23, 2009

Ahli Bank Deploys Retail Lending Tracking System

To improve its efficiency in processing and sanctioning loans to its customers

By CBR Staff Writer

Ahli Bank, an Oman-based financial institution, has implemented Fast Track, the retail lending tracking system to improve the bank’s efficiency in processing and sanctioning loans to its customers.

The bank said that implementing this technology will eliminate the to-and-fro of documents facsimiles and chain of follow-up emails between branches and retail credit and operations, which improves the turnaround time for a loan application right from the time the customer enters the branch until the facility is disbursed.

Priority will be given to the customers on first come first serve basis as the documents are scanned and automatically delivered to the credit department for analysis and review. The status of the credit application will be available at all points in time allowing the customer to obtain clear information.

This system is expected to help in evolving a paperless environment for the loan sanctioning process and to improve customer service, as at any point in time the status of customer loan application is known.

Content from our partners
Why the tech sector must embrace faster, smarter talent recruitment
Sherif Tawfik: The Middle East and Africa are ready to lead on the climate
What to look for in a modern ERP system

Ghaya Al Barwani, head of marketing at Ahli Bank, said: “Ahli Bank is committed to harnessing the power of technology to build greater efficiencies, both in the growing portfolio of banking products and its services. We are investing in the development of innovative solutions to ensure that we provide convenience, multiple features and security to our customers.

Topics in this article :
Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.