sahb Finance achieves 90% digitization of lending operations with Azentio

sahb Finance, a well-known Shariah-compliant non-banking financial institution, has taken a big step toward digital transformation by using Azentio’s state-of-the-art lending technology to automate 90% of its lending operations.

Since its beginnings in 2009, sahb Finance has been a reliable collaborator for the Kingdom’s corporate and MSMEs, providing cutting-edge Shariah-compliant solutions such as Ijarah, Tawarruq, and Murabaha. With the support of Al Rayan Bank, the Higher Education Fund (KSA), and the Al-Romaizan Group, sahb Finance has built a solid reputation for offering great customer service and operational performance.

As the business’s operations grew, its outdated systems found it difficult to handle the intricate processes and rising demand. The organization was unable to meet its objectives for development and change because of laborious processes, inaccurate data, and approval delays.

The turning point: embracing digital transformation

To modernize its lending operations, sahb Finance teamed up with Azentio to implement a future-ready platform Together, they delivered a comprehensive digital lending solution that drives scalability, removes operational hurdles, and accelerates decision-making across the business

The transformation included:

1. Complete automation of lending processes, which minimizes delays and human error.
2. Scalable, flexible infrastructure accommodate Sahb’s growing business strategy.
3. Secure and reliable data handling, with no duplication or oversights.
4. Simplified procedures that result in quicker approvals and better client satisfaction.

Transformational impact

The results were significant and swift. Currently, sahb Finance benefits from:

1. 90% digitalization of all loan activities.
2. Remarkable increases in productivity, including rapid approvals and processing.
3. Greater user confidence, enabling smoother decision-making for both teams and approvers.
4. Future-ready scalability, which enables sahb Finance to expand without encountering operational challenges.

“We were working with a legacy system that had many limitations. It was not flexible and could not support our transformation goals. With Azentio’s lending solution we have seen a real shift with smoother processing, improved comfort for users and approvers, and a platform that aligns with our evolving business”

-Syed Nayyar Rizvi, CEO Advisor, sahb Finance

With Azentio’s lending suite, Sahb Finance has enhanced its position as a growth partner for Saudi businesses by offering quick, accurate, and reliable Shariah-compliant financial solutions