Bank in Indonesia
Core Banking Implementation in one of the top Indonesia Bank. It is a global leader in food and agriculture financing and sustainability-oriented banking.
Sede:
Jakarta, Indonesia
Branches:
120
1.Business Objectives
- Rabobank International had acquired a local bank with over 100+ branches to grow their business in Indonesia.
- The System had limitations in loan processing and was unable to launch new products in a timely manner
- High Risk due to many manual processes
- integration to Rabobank head office systems (Calypso, Kondor, Peoplesoft GL)
2.Key challenges
- The skill set of the bank local team and knowledge
- Manual Processes (Loans, etc)
- Manual Compliance mechanism – Indonesia’s central bank requirements
- Integration to local clearing payment systems, etc
3.Business Solution
- Development of automated loan origination system using process workflow to cover the life cycle of a loan:
- Document verification/management
- Collateral Administration
- Credit Scoring
- Facility creation, the collection of fees and finally disbursement of the loan with necessary approvals
- Development of Indonesian regulatory Compliance solution
- Integration to various upstream/downstream systems. Eg, Kondor, Calypso, Peoplesoft GL
4. Value Created
- Loan processing time reduced from 2weeks to 2days
- New Products could be launched within days
- Lowered Risk through automation of Compliance System and Integration with external systems and Rabobank Head Office
- Business process automation and availability of MIS reports at HQ level
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