Thanks to this system, ASFL now has a single platform in a cloud-native environment to manage the end-to-end lending process for individuals or corporate borrowers.
The nCino platform will allow for loan applications submissions and loan progress to be monitored, and for documentation to be shared digitally.
This will streamline the process, reducing the time between loan submission and credit approval.
In addition, nCino allows multiple users to work on a case simultaneously, which will increase the amount of loans that ASFL can process overall.
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Shoaib Bux, joint MD at ASFL, commented: “The nCino platform has provided us the digital capabilities needed to effectively serve the needs of our borrowers, despite the challenges caused by the ongoing pandemic.
“We are continuing to support our clients across the country through streamlined operations as a result of nCino — from referral through decisioning and disbursement — which has created faster decision times, more transparency and greater efficiencies.
“Being able to collaborate, even remotely, from origination to in-life management on a single platform has uncovered many benefits, and we’re excited to continue to grow our use of nCino to create an unparalleled broker and client experience.”
Ed Lane, VP of sales at nCino — EMEA, said that to be involved with ASFL as a foundation technology platform was a privilege.
“We are proud to be working alongside ASFL through their next phase of growth by enabling the business to scale efficiently while providing the digital environment clients expect, not just today but into the future as well."
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