Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform

Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform
03.09.2020 10:59 am

Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform

Lending , Banking

The Swedish Export Credit Corporation (SEK), which finances Swedish exporters, their subsidiaries, and foreign customers, has chosen financial technology leader FIS® (NYSE: FIS) to digitize and modernize its commercial lending platform to enhance service to its clients and streamline costs.

Owned and operated by the government of Sweden, SEK is chartered with enhancing the competitiveness of the country’s export industry by ensuring access to sustainable credit alternatives. As part of a broader technology modernization initiative, SEK was looking to integrate disparate loan origination systems and processes into a single, modern platform for use by its internal stakeholders in servicing exporter clients.

SEK will be utilizing the FIS Commercial Loan Origination (CLO) and FIS Ambit Optimist solutions, which are part of the FIS Commercial Lending suite, to digitize the full lifecycle of the credit lending process – from loan origination and risk assessment, through credit approval, presentation and ongoing loan servicing.

“The commercial loan origination process is changing quickly, and FIS is committed to helping our clients stay ahead of the changes and be successful,” said Nasser Khodri, SVP of Sell-side, Capital Markets at FIS. “At a time when businesses need rapid access to capital more than ever, digitizing the credit and lending process can provide a competitive edge while reducing costs and providing a superior customer experience.”

The FIS solution will provide SEK analysts and service representatives a single, integrated view of customer information, status of credit requests, and other workflow – all accessible via an easy-to-use user interface. SEK team members will be able to tap into an up-to-date, centralized repository of deal information and documentation, enhancing decision-making.

Related News

Mortgage Brain Announces New Criteria Live on Criteria Hub

Brokers using Criteria Hub can now search across a host of new criteria on the market-leading criteria-based sourcing system from mortgage technology expert Mortgage... Read more »

Paragon Bank to Adopt TruNarrative RegTech Platform to Power Bounce-Back Loans Initiative

Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative. The decision... Read more »

Demand of P2P Investors for Long-Term Loans Doubles Since June

The European P2P lending platform Robo.cash has found that the demand of... Read more »

Mortgage Lender Specialist Aldermore to Adopt the DPR Distribution Hub

DPR, the provider of savings and lending origination and servicing solutions, has announced Aldermore as... Read more »

TrackStar Launches AI Software to Make Lending More Accurate

TrackStar.ai, a company led by credit industry veterans that specializes in predictive credit... Read more »

Ebury and MarketFinance Partner to Accelerate CBILS Access Ahead of September Deadline

As the Government’s CBILS initiative draws to a close this month, two British fintechs Ebury and MarketFinance, have joined forces to ensure... 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