Yoma Bank in Myanmar partners with Integro Technologies to revolutionize its SME Lending Operations

Yoma Bank in Myanmar partners with Integro Technologies to revolutionize its SME Lending Operations
Yoma Bank in Myanmar partners with Integro Technologies to revolutionize its SME Lending Operations

Yoma Bank has piloted Integro’s SmartLender Commercial, a market-leading solution designed to optimize the SME lending process.

Mumbai, June 6, 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, an automated approval process based on an approval matrix, API-driven interfaces to streamline the SME lending process, robust policy exceptions, 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.”

Also readUnveiling the Ethical Imperatives: Navigating the Intersection of AI and Cybersecurity

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter 

About us:

CIO News is the premier platform dedicated to delivering the latest news, updates, and insights from the CIO industry. As a trusted source in the technology and IT sector, we provide a comprehensive resource for executives and professionals seeking to stay informed and ahead of the curve. With a focus on cutting-edge developments and trends, CIO News serves as your go-to destination for staying abreast of the rapidly evolving landscape of technology and IT. Founded in June 2020, CIO News has rapidly evolved with ambitious growth plans to expand globally, targeting markets in the Middle East & Africa, ASEAN, USA, and the UK.

CIO News is a proprietary of Mercadeo Multiventures Pvt Ltd.