Pak Oman Investment Company has chosen BenchMatrix‘s RiskNucleus Loan Origination System (LOS) to enhance its credit approval and risk management processes. This strategic decision aims to leverage cutting-edge technology to streamline loan origination and boost operational efficiency.
The RiskNucleus LOS is a comprehensive solution designed to manage various aspects of the loan approval process. Key features include the Request Details module, which captures and updates diverse obligor-related information, and the Obligor Details module, allowing for modifications during credit reviews. The system also includes the Facilities module for managing different loan types, and the Collaterals module for creating and modifying obligor collaterals, providing clear visibility of security coverage. Other integral modules cover Facility Coverage, Financials, Risk Rating, Credit Memorandum and Risk Management Group Memo, Documentation, Policies and Exceptions, Overview/CA Face, Credit Approval Workflow, and History— all contributing to a streamlined, efficient credit approval process.
At the signing ceremony, Taimur Kaleem, CEO of BenchMatrix, expressed his enthusiasm: “We are delighted that Pak Oman Investment Company has chosen our RiskNucleus Loan Origination System. This partnership underscores our commitment to providing advanced risk management solutions that enhance efficiency and support strategic decision-making in financial institutions.”
Nauman Ansari, MD and CEO of Pak Oman Investment Company, highlighted the significance of this transition: “Our move towards a paperless and digitally advanced environment is a major milestone. We are excited to have selected a comprehensive platform that will enhance our daily approval processes. We anticipate that this new system will significantly improve our process flow, operational efficiency, and ensure stringent regulatory compliance.”
About BenchMatrix
BenchMatrix is a leading provider of innovative risk management solutions. Its RiskNucleus suite offers robust tools designed to enhance decision-making processes and operational efficiency within financial institutions. With a focus on delivering comprehensive risk management and compliance systems, BenchMatrix supports organizations in achieving their strategic objectives.
About Pak Oman Investment Company
Pak Oman Investment Company is a prominent development financial institution dedicated to fostering economic growth through innovative financial solutions. Offering a diverse portfolio, the company provides a wide range of services, including corporate and SME finance, investment banking & private equity, and asset management, serving as a catalyst for development in Pakistan and Oman.
