Major Southeast Asian Bank Successfully Implements Axe Finance’s Digital Lending Solution
Axe Finance, the global leader in digital lending solutions, completes a successful rollout with a major Southeast Asian bank for non-retail business segments.
Axe Finance is delighted to announce a significant milestone: the successful deployment of its solution at this leading financial institution.
This implementation marks a pivotal moment in the partnership between Axe Finance and the bank, underscoring their mutual commitment to innovation and excellence in lending solutions. The implemented capabilities include a comprehensive range of modules such as entity file, project management, automated credit processes, covenants management, collateral management, loan pricing, underwritten checklists, limit management, and credit monitoring with early warning signals.
This deployment also involved the decommissioning of multiple legacy systems, streamlining operations, and enhancing efficiency. Today, 7,000 end-users are benefiting from streamlined credit processes across four in-scope business segments, namely Corporate, Commercial, Business, and Special Asset Management. According to a report published by the bank three weeks after the full launch, the solution has demonstrated impressive adoption by end-users, enhancing operational agility and significantly improving the customer experience.
This rollout was meticulously planned and executed in phases, beginning with a pilot launch in October 2023, which focused on large and complex corporate clients. This phase was critical for fine-tuning the solution and ensuring that all functionalities met the bank's specific needs. Following the successful pilot phase, the full rollout was completed in April 2024. This methodical approach minimized operational disruptions and maximized user adoption and satisfaction, setting the stage for ongoing success and efficiency improvements.
| 7000+ | 59 | 330+ | 10 | 1,600,000+ |
|
Bank's Users |
Third-Party Systems |
Streamlined Touchpoints |
Systems Decommissioned |
Managed Entities |
[CIO] of the Bank said:
The seamless integration of Axe Finance’s ACP solution into our existing infrastructure was instrumental in simplifying our IT landscape by decommissioning multiple legacy systems. The integration process was efficient and well-coordinated, minimizing disruption to our operations. By streamlining 190 online points, 136 batches, and 10 migrations, this project not only improved our system efficiency but also enhanced our overall operational agility. We look forward to continuing our partnership with Axe Finance as we pursue further technological advancements.
In Closing, our Portfolio Director at Axe Finance, who oversaw the implementation, shared his thoughts on this milestone:
This go-live is a testament to Axe Finance's dedication to delivering tailored solutions that meet the evolving needs of our partners. We are proud to have played a pivotal role in the bank’s digital transformation journey and remain committed to driving further innovation together.
Axe Finance reaffirms its commitment to driving innovation and delivering best-in-class solutions that empower lenders worldwide to thrive in an ever-evolving digital lending landscape. We look forward to continued collaboration and shared success with this major Southeast Asian bank as we chart the course for the future of lending together.
About Axe Finance
Founded in 2004, Axe Finance is a global market-leading software provider focused on credit risk automation for lenders looking to provide an efficient, competitive, and seamless omnichannel journey. Axe Finance developed the Axe Credit Portal (ACP) a future-proof AI-driven solution to automate the entire credit lifecycle from KYC to servicing, including origination, credit scoring, and automatic decision-making. ACP is a multi-segment digital lending solution covering not only Retail, Commercial, Corporate, FIs, and Sovereign segments but also other specific types of lending such as Microfinance, BNPL, embedded financing, and Islamic finance. Axe Finance is the trusted partner of reputable banks worldwide such as Société Générale, OTP, Al Rajhi Bank, ADCB, FAB, and BBK.
