Paragon Bank Partners with Alfa for SME Lending Transformation
Highlights:
- Modernization: Paragon Bank replaces legacy systems with Alfa Systems for SME lending.
- Efficiency: Streamlines end-to-end lending process with automation and process optimization.
- Expansion: Plans to expand into new SME lending sectors with innovative financial products.
Paragon Bank has chosen Alfa Systems to power its new Commercial Lending Transformation Programme, replacing outdated legacy systems and streamlining the SME lending process. This strategic initiative aims to modernize operations, diversify the product portfolio, and enhance the customer and broker experience.
By implementing Alfa’s accelerated delivery methodology, Paragon Bank expects to complete the project in just 24 weeks, enabling it to quickly adapt to market demands and improve efficiency.
