Case Study: Ural Bank for Reconstruction and Development achieves 15-minute loan approvals with ABBYY FormReader

ABBYY FormReader at UBRD loans within 15 minutes!

The Ural Bank for Reconstruction and Development (UBRD), founded in 1990, is one of the largest banks in the Urals with a network of 20+ branches. As demand for express, score-based loans grew, the bank faced a major bottleneck: manual entry of handwritten loan forms delayed credit decisions by days, undermining customer convenience and competitiveness.

UBRD implemented ABBYY FormReader to automate data capture and feed borrower information directly into its scoring system; FormReader processes a six-page handwritten form in 2–3 minutes. As a result, loan decisions and disbursements now take about 15 minutes—three times faster than before—streamlining service and improving the bank’s ability to compete for clients.

Ural Bank for Reconstruction and Development

Yuriy Petrovich Mironov

Adviser to the President