Case Study: Bancoomeva reduces loan approval time from 7 days to 30 minutes with Pragma

Bancoomeva reduces loan approval time from 7 days to 30 minutes with Pragma

The customer Bancoomeva, a Colombian financial institution, faced a challenge of lengthy loan application approvals taking seven days. They partnered with vendor Pragma to streamline this financing process.

Pragma implemented a solution involving automation and technology integration, in partnership with IBM. This resulted in Bancoomeva reducing its loan approval time from 7 days to just 30 minutes, cutting operational costs by 81%, and eliminating spoofing fraud.

Bancoomeva