Pakistan-based Samba Bank has signed for BenchMatrix’s retail loan origination system, RiskNucleus LOS. The solution will automate the bank’s consumer lending processes across its entire network of 37 branches and facilitate moving towards a fully paperless environment. Samba Bank has been on a major tech modernization over the last few years, including enterprise-wide software and hardware replacement. BenchMatrix is a Pakistan-based advisory services and IT solutions provider specializing in governance, risk and compliance solutions. The majority of its customers are in the Middle East and Asia, but there are a handful projects further afield – in France, Malta and Canada. Its flagship offering, RiskNucleus, is used by Faysal Bank, Soneri Bank, NIB Bank and Allied Bank in Pakistan, FIMBank in Malta, the Bank of Bahrain and Kuwait and Burgan Bank in Kuwait, Algeria Gulf Bank and BFC in Bahrain.
