5th August 2020, Kathmandu
Excel Development Bank has signed an agreement with S.B Solutions to automate and Digitized the internal loan process through Loan Management System. Dinesh Kumar Pokhrel, Chief Executive Officer of Excel Development Bank Ltd, and Bipul Dhakal, Chief Executive/ Chairman of S.B Solutions, signed the agreement on behalf of their respective organizations.
With the introduction of the Loan Management System, banks will able to automate and digitize their internal loan files and approval process in a useful and timely manner. Beside Loan Automation & Digitization, it is expected to reduce and mitigate the paper-dependent credit workflow entirely for the internal loan approval process. With this new system implementation, bank and end consumers can get benefits with an estimated more than 50% reduction in turnaround time of the loan processing and bank internal approval process.
Excel Development Bank Ltd received the operating license from Nepal Rastra Bank to function as a “B” Class Development Bank and has achieved the triumph to establish itself as a Strong & Reliable Regional Development Bank in Eastern Nepal. Excel Development Bank Ltd has a customer base of around 1+ Lakh and 38+ Branches spread all over the country.
S.B Solutions Pvt. Ltd is providing Digitization & Automation Banking products and processes such as Loan Approving System, Online Loan Eligibility, Online A/C Opening, Document Management System, Vendor’s Management System, Memo Management, Budget Management, and Mobile Application, Etc. Since established in 2016, the company has been working on various Automation & Digitization products and Processes. Currently more then 20+ Bank & Financials Institute, Corporate Houses, INGO’s as a client in National and International Levels.