Ranked as the sixth largest bank in the Kingdom of Thailand, with an asset size of US $9.0 Billion and more than 400 branches serving more than 3.5 million customers, Bank of Ayudhya is forging ahead to strengthen its market position in consumer lending.
"As the leading player for consumer lending in Thailand, we needed to automate our loan origination processes for faster and more efficient service to our customers." said Khun Charlotte Donavanik, executive vice president for the Bank of Ayudhya. "We found ALSCOM to be both comprehensive and cost-effective. With it, our bank expects to significantly reduce our loan processing lead times while allowing us to be even more aggressive â to further increase our share of the market. We think that faster approvals will make our popular loan offerings even more attractive to our customers and the overall market."
"We are pleased that Bank of Ayudhya made the decision to acquire ALSCOM," said Jim Wilson, president of ALLTEL's Financial Services International. "After we announced this product's availability for the international market last October, Bank of Ayudhya lost no time in requesting and studying our proposal. They are our first ALSCOM client in the Asia-Pacific region. ALSCOM is a key part in our end-to-end lending strategy and the strong response we have received from other clients in the region confirms the decision made by Bank of Ayudhya."
"After being a client for more than ten years, Bank of Ayudhya knows that leveraging the integrated functions of the ALLTEL software is the key to an optimized investment with ALLTEL," said Khun Preeprame Tesprasit, executive vice president at Bank of Ayudhya. "After we decided to renew with ALLTEL two years ago, we implemented the ALS Servicing Manager to set up our consumer lending product portfolio. Our decision to acquire ALSCOM allows us to further increase loan transaction volumes while improving the customer experience with Bank of Ayudhya."
ALSCOM software is a fully integrated credit processing solution that automates a paperless flow of loan processing information. It handles the loan processing workflow from data entry through loan negotiation, pricing, documentation and closing. ALSCOM allows a lending institution to process a complete retail lending product, through any number of loan marketing channels and loan information providers. ALSCOM supports both direct and indirect consumer lending processes with improved credit risk management.
ALLTEL Information Services provides banking industry expertise in software applications, systems integration, outsourcing and communications, to offer customized business solutions for the retail and wholesale banking sector. With 40 years experience in working with the world's leading financial organizations, ALLTEL's clients include 47 of the top 50 U.S. banks, 28 of the 50 largest global banks and a large number of top banks in the Asia-Pacific region.
ALLTEL, with more than 12 million communications customers and nearly billion in annual revenues, is a leader in the communications and information services industries. ALLTEL has communications customers in 26 states and provides information services to telecommunications, financial and mortgage clients in more than 50 countries.