Tieto’s automated platform cuts lead time for FOREX Bank’s lending process – from days to just minutes
FOREX Bank, the market-leading foreign exchange bureau in the Nordics, has chosen Tieto’s automated platform to replace its origination and credit scoring platform for unsecured credit. The end-to-end solution helps the bank improve its lending processes, reducing the usual lead time by more than 50 percent and with record lead times of just minutes. Customers expect fast and easy-to-use services that are no more than a click away. FOREX Bank faced the dual challenges of increased customer demands and costly paper-based manual processes within its loan management business. Tieto’s