Swedish Export Credit Corporation Partners with FIS to Digitalize Its Commercial Lending Platform
September 03 2020 - 3:00AM
Business Wire
Key facts
- SEK chooses FIS to digitize and modernize its commercial
lending platform.
- FIS platform will provide a single, end to end credit life
cycle solution to enable a streamlined process for deal
structuring, risk assessment and execution.
The Swedish Export Credit Corporation (SEK), which finances
Swedish exporters, their subsidiaries, and foreign customers, has
chosen financial technology leader FIS® (NYSE: FIS) to digitize and
modernize its commercial lending platform to enhance service to its
clients and streamline costs.
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. As part of a
broader technology modernization initiative, SEK was looking to
integrate disparate loan origination systems and processes into a
single, modern platform for use by its internal stakeholders in
servicing exporter clients.
SEK will be utilizing the FIS Commercial Loan Origination (CLO)
and FIS Ambit Optimist solutions, which are part of the FIS
Commercial Lending suite, to digitize the full life cycle of the
credit lending process – from 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, digitizing the credit and lending
process can provide a competitive edge while reducing costs and
providing a superior customer experience.”
The FIS solution will provide SEK analysts and service
representatives a single, integrated view of customer information,
status of credit requests, and other workflow – all accessible via
an easy-to-use user interface. SEK team members will be able to tap
into an up-to-date, centralized repository of deal information and
documentation, enhancing decision-making.
About FIS
FIS is a leading provider of technology solutions for merchants,
banks and capital markets firms globally. Our more than 55,000
people are dedicated to advancing the way the world pays, banks and
invests by applying our scale, deep expertise and data-driven
insights. We help our clients use technology in innovative ways to
solve business-critical challenges and deliver superior experiences
for their customers. Headquartered in Jacksonville, Florida, FIS is
a Fortune 500® company and is a member of Standard & Poor’s
500® Index. To learn more, visit www.fisglobal.com. Follow FIS on
Facebook, LinkedIn and Twitter (@FISGlobal).
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version on businesswire.com: https://www.businesswire.com/news/home/20200903005056/en/
Kim Snider, 904.438.6278 Senior Vice President FIS Global
Marketing and Communications kim.snider@fisglobal.com
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