CARMEL, Ind., Jan. 24 -Baker Hill(SM), an Experian company and an expert in banking process solutions, announced today that it has signed a five-year contract with Siam Commercial Bank (SCB) Public Company Limited, one of the top commercial banks in Thailand. SCB will implement Baker Hill's Relationship Lending Suite(TM) to upgrade its automated commercial lending processes, improving lending speed, accuracy and consistency.
"Baker Hill's origination expertise and ability to leverage customer information with a centralized consolidated view of the relationship are key to the success of this initiative," said Sirichai Sombutsiri, SCB's senior executive vice president and head of SCB's corporate banking group. "As a leader in the Thai banking industry, we are one of the largest providers of loans, with a variety of products designed to serve the needs of various types of customers. A state-of-the-art loan approval system would certainly put us at the forefront as a top lending institution and bring us closer to our goal of being the 'Premier Universal Bank' in Thailand."
"Siam Commercial Bank is moving aggressively to upgrade its loan automation. In this project, we will apply our best practices to SCB's sales management and commercial origination system," explained Mark Hill, president of Baker Hill. "We are proud to partner with this farsighted and high- performing institution that is a leader in the Thai banking industry. This is one of our largest client wins in our 23-year history, and we plan to make this project a hallmark in the services that we provide."
Baker Hill's Relationship Lending Suite will automate and enable straight- through processing of a high proportion of SCB's business credit requests. Credit products that will be supported by the project include business term loans, leases, overdrafts, credit cards, personal loans, commercial bills and international products. It will enable and promote consistency of many functions, including application entry, screening and validation, automated data collection, credit policy checking, credit analysis, credit decisioning and document preparation, and automated account setup and disbursement of funds. The solution will make these automated functions available to key business areas across the bank, including sales, credit and operations.
Baker Hill's Client Advisor(R), Exception Advisor(SM), Portfolio Risk Advisor(SM) and Bank2Business(R) solutions underpin the solution being modified for Siam.
About Siam Commercial Bank (SCB) Public Company Limited
Established in January 1906, Siam Commercial Bank is the first Thai-owned commercial bank in Thailand. Currently one of the leading commercial banks in Southeast Asia, SCB has been widely recognized for its vision, professional management style and business performance. In 2005, BusinessWeek magazine identified SCB as one of the top 150 Leading Asian Companies, the only commercial bank in Southeast Asia to make the list. Also in 2005, SCB has been voted the Best Bank in Thailand by international publications such as EuroMoney, The Banker and FinanceAsia. It was also selected as the Best Retail Bank in Thailand in 2005 by the Asian Banker magazine.
Siam Commercial Bank currently has close to 700 branch offices across Thailand, the highest in the industry, and manages approximately US $1.6 billion worth of loans in 2005. For more information, visit http://www.scb.co.th .
About Baker Hill, an Experian company
For more than two decades, Baker Hill has been focused on the banking industry, delivering solutions that address business process needs and working as a trusted adviser to its banking clients. Baker Hill understands banking processes, knows how to implement technology to enable those processes and has a long history of client success from which to mine best practices. More than 1,200 financial institutions in all segments have drawn on the company's business expertise to improve critical processes and have chosen Baker Hill's relationship management, credit origination and portfolio risk-management solutions as their enabling technologies. Baker Hill is an Experian company (http://www.experian.com ). For more information, visit http://www.bakerhill.com .
Contact: Susan Eckel
Baker Hill, an Experian company
800 821 8664, ext. 1221
seckel@bakerhill.com
