Allianz Bank Bulgaria digitises business lending processes with Software Group

Allianz Bank Bulgaria digitises business lending processes with Software Group

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Allianz Bank Bulgaria in partnership with the global technology company Software Group has launched a project for implementation of a complete software solution for loan application and credit risk management – CreditQuest.

The integration of the module for loan origination and risk management for small and medium enterprises is part of the long-term strategy for digitalization of the bank and optimization of the processes for granting business loans.

CreditQuest is a centralized system that consists of four basic modules – Credit Manager, Financial Analyst, Rating Manager and Portfolio Manager. The system covers the entire process from the loan application to its disbursement and subsequent management.

“We are pleased to support Allianz Bulgaria in their digital transformation with a world-renowned product such as CreditQuest, which is being implemented for the first time in Bulgaria and has exceptional results for banking teams – up to 80% shorter loan terms, 70% higher productivity through standardized and automated workflows, centralized data and 360 ° portfolio visibility. Thus, banks that use this solution can significantly increase their loan portfolio and reduce their operating costs by up to 50%, “said Kalin Radev, CEO of Software Group.

“The implementation of innovative software solutions is part of the digital transformation of Allianz Bulgaria. It is extremely important for us to respond to the market dynamics and business needs. That is why we focus on the efficiency, quality and speed of internal processes, as well as on building IT platforms that customers can use remotely, “said Georgi Zamanov – CEO of Allianz Bank Bulgaria. 

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