Phy-gital Roundtable: Breakfast Roundup from Germany and Netherlands

02 May '15 | Debjyoti Paul

German Shoppers: Meet Them in the Fast Lane to Phy-gital

15 January '15 | Ralf Reich

Shoppers Will Share Personal Information (But They Don’t Want to be “Friends”)

15 January '15 | Anil Venkat

Modernize or Perish: Property and Casualty Insurers and IT Solutions

14 January '15 | Manesh Rajendran

Benelux Reaches the Phy-gital Tipping Point: Omnichannel Readiness is Crucial

13 January '15 | Anil Gandharve

The New Omnichannel Dynamic: Finding Core Principles Across Industries

13 January '15 | Debjyoti Paul

Technology does not disrupt business – CIO day 2014 Roundup

02 December '14 | Anshuman Singh

Apple Pay – The Best Is Yet To Come

02 December '14 | Indy Sawhney

Digital transformation is a business transformation enabled by technology

01 December '14 | Amit Varma

3 Stages of FATCA Testing and Quality Assurance

06 October '14 | Raman Suprajarama

3 Reasons why Apple Pay could dominate the payments space

18 September '14 | Gaurav Johri

Beacon of Hope: Serving Growth and Customer Satisfaction

05 August '14 | Debjyoti Paul

The Dos and Don’ts of Emerging Technologies Like iBeacon

30 July '14 | Debjyoti Paul

What You Sold Us On – eCommerce Award Finalist Selections

17 July '14 | Anshuman Singh

3 Steps to Getting Started with Microsoft Azure Cloud Services

04 June '14 | Koushik Ramani

8 Steps to Building a Successful Self Service Portal

03 June '14 | Giridhar LV

Innovation outsourced – a myth or a mirage or a truth staring at us?

13 January '14 | Ramesh Hosahalli

What does a mobile user want?

03 January '14 | Gopikrishna Aravindan

Making Most Of Commercial Lending Boom.

Posted on: 01 July '14

Banks can take full advantage of the gaining momentum in commercial lending – developing new offerings and services, faster loan approval processes resulting in increased revenue, role based governance for efficiency, accountability and risk management, multiple touch points and for customer delight.

On the other hand, function and process silos, inadequate documentation, and people and version complexities will make Banks with legacy systems lose out business to its competitors.

The right way to modernize bank’s commercial loan origination is to carefully asses existing IT systems and choose the right platform that aligns to the business plans, internal processes and future roadmap and growth.

The following 3 points will help Banks undertake this modernization journey successfully:

1. Modernization effort needs be all-inclusive. A thorough assessment of the bank set-up to assess customer information management, proposal management and loan structuring, exposure management, process, task and approval management, audit trail, customer engagement management and reporting.

2. Business alignment needs to revamp. The organization structure and roles, business policies and practices, processes and hand-offs, Control mechanisms and Boundary conditions and constraints need to be geared to reap maximum benefit.

3. Unstructured lending process need to be automated. Enterprise Content Management approach coupled with workflow capabilities and Business Process Monitoring approach coupled with digitized data are clear frontrunners in the modernization efforts since both these approaches aim at bringing in automation of the loan approval process and help in management of the largely unstructured proposal data.  Mindtree recommends BPM based approach for growing organizations to take advantage of digitized data, work flow management, analysis and reporting. A BPM approach caters to a bank’s current situation and also future growth plans.

I encourage you to view this webinar by my colleagues Shobhit Mathur and Shubha Narasegowda, experts in commercial banking technology, discussing the steps required to carry out a successful corporate lending modernization.

Raman Suprajarama

Raman Suprajarama is a marketing and communications leader. He has 12+ years of experience in both enterprise marketing and consumer marketing in BFSI and Retail Industries. He specializes in launching products, lead generation and nurturing, creating brand awareness, customer acquisition, engagement and retention, and improving conversions and sales.