The strategy and impact on the business of ITSCREDIT’s solutions with Grupo Crédito Agrícola in the field of digital bank loan transformation were highlighted today at the European Innovation Management Association (EFMA) Innovation Summit: Innovation for Growth conference. take place in Paris at the Pullman Paris Center.
The case study was the central theme of one of the sessions of the event, with Jorge Paulo Baião, CIO (Chief Information Officer), and João Lima Pinto, CEO of ITSCREDIT, taking the main stage of the EFMA conference to explain the goals of the event. implemented innovations and the advantages they bring to both the bank and its customers.
“The transformation to a 100% digital lending process in Agricultural Credit has responded positively to the challenge of improving the profitability of the banking business and achieving greater operational efficiency and cost control, while allowing us to undertake a review. offer and services, adjusting them to new consumer requirements, namely with regard to the mobile banking service, 24/7 service and online credit granting procedure ”, said Jorge Paulo Baião.
In turn, ITSCREDIT CEO João Lima Pinto stressed the advantages of using the online credit platform developed in Portugal, noting that “this tool has already been shown to be able to provide a considerable increase in leads, an increase in the volume of loans and efficiency. At the same time, there has been a decrease in waiting times until credit approval, a reduction in operating costs and a reduction in the launch time of new products. ”
Launched in 2018 and specializing in the development of software products designed to accompany all phases of the credit life cycle – from simulation to the availability / contracting of credit itself – ITSCREDIT has a strong vocation to operate in foreign markets. It is headquartered in Porto and has customers in various geographic regions, with special emphasis on Canada and the European and African continents. In Portugal, it collaborates with banks such as Crédito Agrícola, Banco Montepio and BNI Europa.
EFMA’s “Innovation Summit: Innovation for Growth” brings together executives from 70 banking institutions around the world, providing interaction with the industry’s innovation ecosystem, represented by world-renowned bigtechs and fintechs, to leverage strategies and knowledge. to leverage technology for the growth and transformation of ideas into business.