Our client, a Tier 1 bank in Tanzania, has signed a deal with Azentio for the implementation of Azentio Banking’s Kastle™ Corporate Loan Origination System (C-LOS). This will be Azentio’s first direct solution implementation deal in the country for any variant of Azentio Banking’s Universal Banking Solution.
Kastle C-LOS will automate the entire corporate lending business processes for the bank, covering all departments and financial products under this business. It is also expected to make the entire loan cycle fool-proof and streamlined, which in turn, will save substantial costs for the bank.
The bank previously had no exclusive technology solution for its corporate lending division and wanted to implement a system that would help meet the dynamic and ever-increasing requirements of its existing and potential customers. Kastle is a well-established solution among financial service institutions in the region, and this largely drove the bank to select the C-LOS along with its cutting-edge technology and robust features.
The deal also reinforces Azentio’s focus on and commitment to Tanzania’s banking sector.
About the Client
One of the biggest banks in Tanzania, the client provides a broad range of financial services and products to retail customers, farmers, SMEs, corporates and the government sector. It operates through over 225 branches, 3,400 employees and 9,000 agents, and has over 4 million customers. It has also been a consistent winner of excellence awards both at the national and regional levels.