Everest Bank Limited, in partnership with SB Solutions Pvt. Ltd., has introduced the Credit Automation System (Credit-X). The agreement for implementing this system was signed on June 22, 2023, by Mr. Sudesh Khaling, CEO of Everest Bank, and Mr. Sanjog Mishra, CEO of SB Solutions.
Credit-X is designed to automate and digitize the bank’s internal loan management processes, including loan approval, risk assessment, and document handling. This system aims to replace traditional paper-based methods, mitigate credit risks, and speed up loan approvals.
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SB Solutions, known for its expertise in fintech and credit digitization, provides various systems such as online credit qualification, loan management, and document management. Their solutions are currently used by over 25 financial institutions.
