October 08, 2009
Local software house grabs Prestigious MSC Malaysia APICTA Award for “Best of Financial Applications”; cements company as the leading Loans Origination System (LOS) brand in the Asian financial sector.
Petaling Jaya, 08 October 2009 - eBworx Berhad (‘EBWORX’) today announces its 1st ever direct Award win with the MSC APICTA 2009 (Best of Financial Applications) in recognition of its flagship Loans Origination Solution (LOS), Digital Credit Management System - the crucial application system that manages the end-to-end processing cycle of Banks’ ‘bread-and-butter’ of loans and financing.
Group CEO Tan Suan Fong says, “Over the past 11 years of eBworx establishment, our credential grew via the numerous wins by our clients for their use of eBworx banking solutions. This is the first time our flagship solution wins something this big directly on its own, and this Award definitely elevates the eBworx LOS to the league of giants.”
DCMS is currently used in Tier-1 Banking Groups such as CIMB Group, AmBank and Alliance Financial Group in Malaysia; OCBC (Malaysia and Singapore); PT Bank Central Asia, PT Bank Internasional Indonesia (BII Maybank) and PT Bank Permata in Indonesia; KASIKORNBANK and Capital OK Company Limited in Thailand; and Hua Xia Bank in the People’s Republic of China. It not only helps to streamline the loan processing and hence increases productivity via STP (straight through processing), it also helps to control credit risk and operational risk with its sophisticated credit evaluation and workflow engine.
Tan says “eBworx has consistently been the vendor of choice beating competition from around the region, India, Europe and US. We attribute this to our deep expertise and industry knowledge of Credit Processing – something that can be highly complex and customized to a particular market.”
“Our winning of the MSC APICTA 2009 - Best of Financial Applications also says of the company’s superiority in terms of technology, banking domain, people and R&D.”
About eBworx Loan Origination System – The Winning Formula
eBworx web-based LOS - also known as Digital Credit Management System (DCMS), is a complete and end-to-end solution from Prospecting of loans (applications) right up to Loans Settlement stage; and covers both Conventional and Islamic financing with modules for Retail and Business Banking.
DCMS is developed using the J2EE standard, DCMS leverages on the strength of the UNIX platform, enterprise-strength Application Servers and Database.
In Malaysia, DCMS also allows for biometric and integration to MYKAD for quick submission of loan applications to aid banks to increase its volume. DCMS’ open API’s allow for integration options to third party credit checks such as CCRIS, CTOS, DCHEQUE, FIS and ROC.
DCMS architectural design allows for full scalability to support large volume requirements and is proven to support up to 800 bank branches with up to 7,000 named users in the Bank’s operations.
Moving Forward
Tan points to the tremendous opportunity for DCMS as more and more banking groups are riding on the regionalization trend whereby they are rolling out centrally adopted key applications to their overseas operations.
“As eBworx continues with the R&D to push its LOS to the pinnacle of solution superiority, and focus on delivering the LOS projects, our banking clients will bring us via their operational roll out to countries such as Vietnam and China.”
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