Yoma Bank has piloted Integro’s SmartLender Commercial, a market-leading solution designed to optimize the SME lending process
Singapore, June 06, 2024:
Integro Technologies, a subsidiary of Aurionpro Solutions today announced its partnership with Yoma Bank in Myanmar, to revolutionize their SME lending operations. Integro Technologies is a high end, pioneering provider of Lending Platforms that will deploy its cutting-edge SmartLender Commercial Loan Origination solution for the bank.
By leveraging the SmartLender platform, Yoma Bank aims to achieve its business objectives in the SME credit sector. Together with Integro Technologies as the joint implementation partner, the platform will introduce a range of features. These include the integration of a scorecard-based obligor risk rating, financial spreading and analysis, automated approval process based on approval matrix, API-driven interfaces to streamline the SME lending process, robust policy exception and early warning capabilities. These enhancements will lay a solid foundation for Yoma Bank’s credit activities, ultimately leading to improved credit risk management, higher asset quality, enhanced customer experience, and reduced time-to-market.
This marks the successful launch of our SmartLender Commercial Loan Origination System which is a significant milestone in our partnership with Yoma Bank in Myanmar.
Echoing his thoughts, Ba Thein Naing – Chief Technology Officer, of Yoma Bank, added “We are pleased to announce our partnership with Integro Technologies and the integration of their ground-breaking SmartLender Commercial Loan Origination platform into our operations. This collaboration marks a significant milestone for Yoma Bank as we embark on a new era of SME lending. Integro’s cutting-edge technology will revolutionize our lending operations, enabling us to provide faster, more efficient, and tailored solutions to our valued SME customers. The strategic partnership reaffirms our commitment to innovation and customer-centricity. We look forward to the transformative impact it will have on our SME lending ecosystem, and a long-term association with Integro Technologies.”
Commenting on the partnership, Tay Chee Chong – COO & Chief Architect, of Integro Technologies, said “We are excited to be Yoma Bank’s chosen partner to digitize and transform their credit origination process. Integro’s SmartLender Commercial LOS is a ready compendium of best practices across leading banks in the ASEAN region across the SME business environment. Our platform leverages a Rapid Deployment Methodology which will ensure Yoma Bank is able to optimize the risk-reward equation and improve their overall customer experience.”
About Yoma Bank:
As ‘the Responsible Bank’ for 30 years, Yoma Bank has been the fastest developing private bank in Myanmar. By strategically investing in our people, technology and governance, Yoma Bank has developed a trusted reputation within the community, which has been an essential part of establishing local and international partnerships to progressively move forward. Yoma Bank was the first local bank in Myanmar to welcome a foreign financial institution as its shareholder International Finance Corporation (IFC) converted investment loans in 2014 to equity on May 2019. As an affiliate of GIC, Greenwood Capital Pte Ltd, and Norfund have acquired stakes in Yoma Bank in early 2020 with total transactions is approximately MMK 130 Billion.
Pioneering Myanmar’s digital banking initiatives such as automated lending platforms that seamlessly integrates into their SMART banking application, they are determined to change the dynamics of traditional banking into a landscape that delivers more for their people.
About Integro Technologies:
Integro Technologies is a high end and pioneering provider of Lending Platforms. Our market leading “SmartLender” platform represents best practices and practical methodologies harnessed and distilled over more than 15 years. Leading banks across Asia and the Middle East use SmartLender to help achieve their strategic objectives. Integro Technologies is headquartered in Singapore with delivery centres in Malaysia, Thailand, Vietnam, India, Indonesia & Philippines. Integro is a subsidiary of Aurionpro Solutions Ltd. For more information, visit www.integrosys.com
About Aurionpro Solutions:
Aurionpro Solutions Limited (NSE: AURIONPRO) (BSE: 532668) is an advanced technology solutions company catering to the needs of the banking, mobility, payments, and government sectors. It converges multiple technology solutions under a single umbrella – Advanced and Accelerated Platform-led Transformation (ADAPT) to the ‘New Digital World’. Headquartered in Mumbai, India, the company serves globally with the expertise and commitment of 2300+ passionate people supporting its journey. For more information, visit www.aurionpro.com
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