The project involved the replacement of disparate portfolio guarantee (PG) origination systems into one consolidated origination system. Through the re-engineering of PG origination processes, system enhancements and the implementation of a managed file transfer system with other financial institutions (FI), the project delivered the straight-through-processing (STP) of PG applications from submission to approval within 24 hours.
Aristal was responsible for planning, leading and managing the end-to-end implementation of this project and the project was successfully delivered in December 2018. The project significantly reduced the turnaround time with other FIs and enabled a seamless and paperless automated processing of PG applications.
Aristal is proud to be a key partner for this important milestone as the consolidated platform would kickstart the client’s initiatives to continuously improve customer service and staff productivity.