Abu Dhabi Commercial Bank (ADCB), UAE has deployed Polaris’ Intellect Loan Management System (LMS).
The Intellect product will cater to the bank’s consumer lending product portfolio, becoming a one-stop lending portfolio lifecycle management.
Polaris’ Intellect LMS handles the entire loan servicing and enables the bank to offer consistently superior customer experience across consumer loan products.
Intellect LMS supports features such as collateral management, structured repayment and automated delinquency tracking. It offers the power to click and launch lending products to meet market needs.
“Our system will reduce complexities faced by the bank, enhancing its customer servicing levels. Mortgage financing along with the other lines of consumer loan business are now initiated on Polaris’ LMS, helping the bank achieve their objective of using a single window LMS,” said K Srinivasan, EVP, Indian Subcontinent, Middle East, and Africa (IMEA), Polaris Financial Technology.
Intellect LMS facilitates activities from the creation of a loan to disbursal, maintenance, repayment schedule tracking, accounting, prepayment processing, delinquency and charge off processing.