back Back

Bluering wins IBSi award for transforming commercial credit operations

By Gloria Methri

January 21, 2025

  • Bluering
  • Commercial Credit
  • Commercial Lending
Share

Bluering, Digital Lending, Commercial Credit, IBSi Global FinTech Innovation Awards, FinTech, Middle East, JordanBluering has won recognition at the IBSi Global FinTech Innovation Awards in the ‘Most Innovative Use of Process Automation: Best Project Implementation‘ category. This award highlights Bluering’s solution implemented at the Housing Bank for Trade and Finance (HBTF), helping it transform corporate banking with cutting-edge digital lending solutions.

The project aimed to tackle some of the most pressing challenges in corporate credit processing:

  • Manual credit workflows that slowed down processes.
  • A lack of centralised data makes tracking and collaboration difficult.
  • Extended turnaround times that impacted operational efficiency.
  • Inconsistent formats across applications and corporate segments.

To address these issues, Bluering designed and delivered a centralised digital lending platform tailored to HBTF’s needs. This platform streamlined the full lifecycle of corporate credit workflows, providing features such as:

  • Management of various credit applications (new requests, annual reviews, and excess approvals).
  • Real-time tracking of client performance and system integration for immediate access to data and balances.
  • Standardised forms to ensure consistency across all segments.
  • Centralised archiving to improve document accessibility and confidentiality.

The impact of the project was as follows:

  • Turnaround times across all stages were significantly reduced.
  • Digital workflows replaced manual tasks, enhancing efficiency and reducing errors.
  • Confidentiality improved through controlled access to applications.
  • Centralised storage ensured easy access to financial and non-financial client documents.
  • Improved tracking and visibility allowed stakeholders to oversee the credit process seamlessly.

These solutions not only address specific pain points but also set new benchmarks in commercial credit operations.

In an announcement, Bluering said winning the IBSi Global FinTech Innovation Award is more than a recognition; “it is a testament to our mission to empower financial institutions with innovative, client-focused solutions.”

It added, “The recognition highlights Bluering’s commitment to revolutionising the financial sector by creating no-code, white-label platforms that enhance operational efficiency, drive client satisfaction, and prepare banks for FinTech disruptors and the future of technology.”

Previous Article

January 21, 2025

Australia’s Findi expands India footprint with acquisition of BANKIT

Read More
Next Article

January 21, 2025

Bharti Airtel & Bajaj Finance partner to deliver digital financial inclusion

Read More






IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

February 13, 2025

Tamweel Aloula joins Systems Arabia to advance Islamic financing

Read More

February 12, 2025

Mambu and Good Money launch digital lending app in Thailand

Read More

February 12, 2025

Froda & Lunar expand embedded SME lending partnership to Sweden

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q4 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2024
Know More