FIS to digitise commercial lending platform for Swedish Export Credit Corporation

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FIS today announced that the Swedish Export Credit Corporation (SEK) has selected the former’s solutions for digitising and modernising its commercial lending platform, thus boosting customer service streamlining costs. SEK will be using FIS’ Commercial Loan Origination (CLO) and FIS Ambit Optimist solutions for digitising the full lifecycle of the credit lending process, including loan origination and risk assessment, through credit approval, presentation, and ongoing loan servicing.

“The commercial loan origination process is changing quickly, and FIS is committed to helping our clients stay ahead of the changes and be successful,” said Nasser Khodri, SVP of Sell-side, Capital Markets at FIS. “At a time when businesses need rapid access to capital more than ever, digitising the credit and lending process can provide a competitive edge while reducing costs and providing a superior customer experience.”

According to the FIS, SEK analysts and service representatives will be provided with a single integrated view of customer information, status of credit requests, and other workflows. SEK team members will be able to tap into an up-to-date, centralised repository of deal information and documentation, enhancing decision-making.

SEK aims to integrate disparate loan origination systems and processes into a single, modern platform for use by its internal stakeholders in servicing exporter clients. SEK finances Swedish exporters, their subsidiaries, and foreign customers. Owned and operated by the government of Sweden, SEK is chartered with enhancing the competitiveness of the country’s export industry by ensuring access to sustainable credit alternatives.