Business Challenge story
This bank faced intense competition. Internal processes were reducing its competitiveness by slowing execution of transactions and development of new products.
The bank transformed its loan origination processes using IBM® WebSphere® Lombardi Edition and IBM WebSphere Operational Decision Manager. Also, new business processes make product approvals more efficient.
Now the bank approves loans in 30 minutes, rather than two days, and requires less time to develop a new product. It is competing more effectively, while better meeting customers’ needs.