Bluering announces innovative solution to operational risk

Striving to eliminate the operational risk associated with retail banking procedures, Bluering has developed an innovative software that minimizes internal bottlenecks to ensure an efficient and effective retail contract cycle.

The key challenge for retail banking is increasing its lending activities while maintaining the least possible risk.

The new 'Retail Credit Contract Management Solution' seeks to contain the operational risk that can arise from the contract credit phase when it is too slow or dependent on manual input.

Bluering's new software solution can automate the contract's generation and approval, as well as adapt it to any bank's legal templates, resulting in a faster post-approval phase and more client satisfaction.

Fares Kobeissi, Chairman of Bluering commented, "The new Contracts Management Solution is a great benchmark for Bluering, marking our continuous work to minimize the operational risks associated with Retail Banking. Our innovative software solution provides an efficient and effective flow for the internal processes of post-credit management."

He added, "We are living up to our promise of innovation in the scope of our software solutions. This new product is proof of our ongoing commitment to seek out dynamic solutions for the banking sector."

Bluering prides itself with an exclusive portfolio of highly reputable partners and clients from leading banking and financial institutions.