Case Study: Large US Bank achieves 85% faster loan origination decisioning with Persistent Systems

A large US bank improves overall efficiencies by automating the loan origination business process

Persistent Systems helped a large US bank modernize and automate its loan origination business process. As one of the largest full-service banking and wealth management companies in the United States, the bank needed an enterprise-grade digital platform that could keep up with rapid growth, regulatory changes, and slow loan product rollout times of 4 to 6 months.

Persistent Systems developed an integrated loan origination platform using Appian BPM, Blue Prism, LexisNexis, Fiserv, and Salesforce, delivering it in 18 weeks and adding an automated KYC solution within two months. The result was an 85% reduction in loan origination decisioning time, the ability to process about $50 billion in loans annually, and a 66% faster rollout of new loan products.