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Thursday, September 3, 2009
about the creditworthiness of our customers and the system was modified to generate such reports. It is also enabled to have images."
The system is configured to work both as a centralized system as well as a decentralized system. This is mainly because some of the company's processings are carried out at branch levels. The system works on Oracle database which is run on an IBM AIX machine. The front-end of course uses Windows but developed using Oracle forms technology. NetApp is used as storage technology. Union Bank of India is perhaps the only public sector bank to have fully implemented a loan automation system. The system takes care of, in the true sense of the term, the entire process of loans to customers - loan origination, processing, risk analysis, appraisal, servicing and post disbursal control. It enables personal and commercial lending. The bank's officers function in a truly automated environment. The system is fully integrated with the core banking system and covers the entire loan life cycle
The system is configured to work both as a centralized system as well as a decentralized system. This is mainly because some of the company's processings are carried out at branch levels. The system works on Oracle database which is run on an IBM AIX machine. The front-end of course uses Windows but developed using Oracle forms technology. NetApp is used as storage technology. Union Bank of India is perhaps the only public sector bank to have fully implemented a loan automation system. The system takes care of, in the true sense of the term, the entire process of loans to customers - loan origination, processing, risk analysis, appraisal, servicing and post disbursal control. It enables personal and commercial lending. The bank's officers function in a truly automated environment. The system is fully integrated with the core banking system and covers the entire loan life cycle
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