Provenir Selected by Bigbank to Enhance its Processing of Credit and Loans

Provenir Selected by Bigbank to Enhance its Processing of Credit and Loans
11.04.2016 10:30 am

Provenir Selected by Bigbank to Enhance its Processing of Credit and Loans

Cloud , Infrastructure

Provenir  announces that Bigbank has chosen the Provenir solution to overhaul its processing of credit and loans.

Estonian-owned Bigbank provides term deposits and consumer loans. It operates in the Baltics, Nordics, Germany, the Netherlands, Austria and Spain and is subject to a range of evolving regulation. To remain compliant, and to stay competitive as market conditions and customer expectations change, Bigbank makes updates to risk models and policies, which can take up to four weeks. Changes will be simpler and quicker with Provenir as they won’t require IT development.

The Provenir cloud solution is ideal for rapid implementation where higher levels of automation are needed across multiple regions. The digital solution will also improve the capture and effective use of customer data so that Bigbank can continue to provide great customer service.

"At Bigbank we recognise investment in technology can help us achieve our goals of delighting customers and growing market share. Our digital transformation is enabling us to innovate and be more agile in our delivery and processes. This helps us achieve excellent time to market for product developments and provide great customer service,” said Agur Jõgi, Chief Technology Officer, Bigbank. “The Provenir solution is an important element in this transformation. We’re pleased with how quickly we’ve been able to develop an end-toend efficient workflow; the interface is so visual that it is simple to design effective, transparent business processes.”

The scalable risk analytics and decisioning Provenir platform will give Bigbank the scope to grow and develop the capabilities of its business processes over time. Paul Thomas, Managing Director, Provenir said: "We’re excited to be working with Bigbank at this significant time in the implementation of its technology strategy. Bigbank’s customer centric approach recognises that meeting expectations means being nimble and easy to do business with, and for Bigbank this means efficient, automated, credit decisioning and loan origination.”

Related News

Mettle by NatWest offers FreeAgent free of charge

Mettle, NatWest’s free standalone digital business account, has announced that FreeAgent, the cloud based accountancy software for small businesses, is available free of charge... Read more »

Nutanix Partners with Udacity to Offer Hybrid Cloud Nanodegree Programme

Nutanix (NASDAQ: NTNX), a leader in enterprise cloud computing, today announced a partnership... Read more »

SIX partners with Crux Informatics to deliver core datasets in a cloud-based platform

SIX, the Swiss financial data expert, announces its partnership with Crux Informatics to provide a state-of-the-art managed market data solution which removes... Read more »

Alibaba Cloud and Multi-Lingual Support from the Global MediXchange of Combating Covid-19 (GMCC) programme

Over 440 medical institutions from 104 countries and regions have applied to learn and share experiences in battling COVID-19 through the ... Read more »

Creatio Offers its Products for Free to Organizations Fighting Against COVID-19

Creatio, a global software company providing a leading low-code platform for process management and CRM, is announcing a new initiative aimed at helping businesses fight... Read more »

The National Bank of Canada accelerates the deployments of Murex at scale on Amazon Web Services

Murex, the global leader in trading, risk and processing solutions for capital markets, is pleased to announce that its customer, National Bank of Canada (NBC), migrated its on... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel