Bank of Africa has successfully deployed CreditQuest, developed by SOFGEN, at its subsidiaries in Kenya, Uganda and Tanzania.
The CreditQuest allows Bank of Africa to have a unified view of customer activities, to enforce credit appraisal rules and processes, and to improve credit application turnaround time and monitoring.
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Additionally, it automates risk management for all credit products and also reduces paperwork in credit process.
Bank of Africa Kenya managing director, Kwame Ahadzi, said CreditQuest offers modules covering their entire portfolio of corporate, SME and retail lending processes.
SOFGEN Africa CEO, Tunde Oladele, said Bank of Africa subsidiaries in East Africa are strategic accounts for SOFGEN as they continue their march towards becoming the preferred provider of IT solutions to banks in Africa.
"We intend to deepen our relationship with Bank of Africa to assure that the benefits of the bank’s investment in CreditQuest are realised," Oladele added.
CreditQuest is currently deployed at over ten banks in sub-Sahara Africa and at over 200 banks across the world.
