Dhaka Bank Digi-Rin

Dhaka Bank has recently teamed up with Artha Solutions Pte Ltd. a Singapore based tech driven company who has been developed a unique, robust, integrated technology-based platform for banks to on-board borrowers, assess credit risk and provide SMEs access to a wide range of financing options. The objective of this initiative is to reduce efforts in onboarding SME borrowers and processing their application. It will also reduce the time for processing and approving such applications. Under this process, the loan application will be digitally submitted in the Artha Credit platform.

PROCESS:

Under this process, the loan application will be digitally submitted in the Artha Credit platform. The loan application will be processed in the Artha Credit platform and the Credit Officers will receive the following documents:

• A copy of the Dhaka Bank’s Loan application template prepopulated with the information already submitted in the loan application journey.
• All financial ratios required for CRG and ICCR assessment will be calculated and provided by Artha for submission to credit team.
• Bank statement analysis for the bank statement of the borrower SME as well as the business owner (if submitted).
• A copy of the Credit Assessment Memorandum (CAM) generated in Artha’s own template along with details of the credit scoring, generated by Artha’s credit scoring engine.

This will lead to significant improvements in processing time and efficiency of SME Loan Proposals.