Siam Commercial Bank to deploy Baker Hill lending system

Source: Baker Hill

Baker Hill, an Experian company and an expert in banking process solutions, announced today that it has signed a five-year contract with Siam Commercial Bank (SCB) Public Company Limited, one of the top commercial banks in Thailand.

SCB will implement Baker Hill's Relationship Lending Suite to upgrade its automated commercial lending processes, improving lending speed, accuracy and consistency.

"Baker Hill's origination expertise and ability to leverage customer information with a centralized consolidated view of the relationship are key to the success of this initiative," said Sirichai Sombutsiri, SCB's senior executive vice president and head of SCB's corporate banking group. "As a leader in the Thai banking industry, we are one of the largest providers of loans, with a variety of products designed to serve the needs of various types of customers. A state-of-the-art loan approval system would certainly put us at the forefront as a top lending institution and bring us closer to our goal of being the 'Premier Universal Bank' in Thailand."

"Siam Commercial Bank is moving aggressively to upgrade its loan automation. In this project, we will apply our best practices to SCB's sales management and commercial origination system," explained Mark Hill, president of Baker Hill. "We are proud to partner with this farsighted and high-performing institution that is a leader in the Thai banking industry. This is one of our largest client wins in our 23-year history, and we plan to make this project a hallmark in the services that we provide."

Baker Hill's Relationship Lending Suite will automate and enable straight- through processing of a high proportion of SCB's business credit requests. Credit products that will be supported by the project include business term loans, leases, overdrafts, credit cards, personal loans, commercial bills and international products. It will enable and promote consistency of many functions, including application entry, screening and validation, automated data collection, credit policy checking, credit analysis, credit decisioning and document preparation, and automated account setup and disbursement of funds. The solution will make these automated functions available to key business areas across the bank, including sales, credit and operations.

Baker Hill's Client Advisor, Exception Advisor, Portfolio Risk Advisor and Bank2Business solutions underpin the solution being modified for Siam.

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