Laser Soft to provide Web based loanflo solution to South Indian Bank

Chennai - 26 October 2006

Chennai based Laser Soft infosystems Limited, a leading banking software product company will be providing browser based credit appraisal and monitoring solutions to The South Indian Bank Ltd, a leading private sector bank.

Mr B Suresh Kamath, Managing Director, Laser Soft said, ”The product ‘Loanflo’ 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, “Loanflo’ is work-flow based, integrated with credit appraisal and document imaging. This product can be integrated with any core banking solutions of the banks”

This product would be implemented in The South Indian Bank within three months.

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