The annual Asian Banker Summit is Asia's largest and most prestigious gathering of decision makers from financial services around the region and the world. The event witnesses panel discussions, conferences and presents immense networking opportunity for participants. The Asian Banker Achievement Awards is one of the highlights of the summit. These solutions are presented to financial institutions and technology partners for innovative best-in-class implementations.
Abu Dhabi Commercial Bank (ADCB) is the third largest bank in the UAE and second largest in Abu Dhabi by assets. It serves approximately 470,000 retail customers and over 36,000 wholesale clients. The bank is a full-service commercial bank offering a wide range of products and services such as retail banking, wealth management, private banking, corporate banking, commercial banking, cash management, investment banking, corporate finance, foreign exchange, interest rate, currency, derivative and Islamic products, project finance and property management services.
The bank was looking to acquire and implement a Mortgage Management System which could further enhance its product offerings, enhance its customer servicing levels, and support current offerings and simplify operations of its Lending Portfolio of Retail Conventional loans at its site in Abu Dhabi, UAE. In addition, it wanted to also mitigate the risk on account of semi-manual and manual processes, specifically for Mortgages.
The ADCB Loan Management Solution project implementation was aimed at providing a global solution that would enable the bank's customers to have a unified Lending Management offering and a truly seamless experience spread across the products. Intellect was implemented as a centralised single-instance system for Loan management, thereby providing a lower TCO and offering a consolidated view of customer's loan portfolio across product lines in the Retail segment. The LMS solution was designed to be interface-ready with the existing Core Banking System of ADCB providing both real-time and batch interfacing capabilities.
For its robust and innovative solution and impeccable implementation, Polaris and ADCB were awarded the Best Lending Platform Project Award for 2012.