Mr B Suresh Kamath, Managing Director, Laser Soft said, âThe product âLoanfloâ would help the banks to automate completely the complex Corporate and SME loan processing in banks. This would enable speedy credit decisions by banks in respect of high value trade and industrial advances and ensure online sanctions to benefit the customers.
Mr Kamath also added, âLoanfloâ is work-flow based, integrated with credit appraisal and document imaging. This product can be integrated with any core banking solutions of the banksâ
This product would be implemented in The South Indian Bank within three months.