Aurionpro Solutions’ Subsidiary Partners with Yoma Bank for SME Lending Revolution

On June 6, 2024, Aurionpro Solutions announced in an exchange filing that the company’s subsidiary Integro Technologies partnered with Yoma Bank in Myanmar. The collaboration is to revolutionise the bank’s 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.

In collaboration with Integro Technologies as the joint implementation partner, Yoma Bank aims to achieve its SME credit sector goals through the SmartLender platform. The company stated that this initiative will introduce various features, including integrating a scorecard-based obligor risk rating, financial spreading and analysis, automated approval processes based on an approval matrix, API-driven interfaces to streamline SME lending, and robust policy exception and early warning capabilities. These enhancements will establish a strong foundation for Yoma Bank’s credit activities, resulting in improved credit risk management, higher asset quality, enhanced customer experience, and shorter time-to-market.

The company further added that this marks the successful launch of its SmartLender Commercial Loan Origination System, an important milestone in its alliance with Yoma Bank in Myanmar.

Speaking of this partnership, the Chief Technology Officer of Yoma Bank, Ba Thein Naing, said, “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.”

He further added, “Integro’s cutting-edge technology will revolutionise 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.”

The COO and Chief Architect of Integro Technologies, Tay Chee Chong, said, “We are excited to be Yoma Bank’s chosen partner to digitise 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 optimise the risk-reward equation and improve their overall customer experience.”

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.