SDB bank implements lean, digital signature process

SDB bank has pushed ahead with their programme of digital advancement with the recent introduction of a fully-digital loan agreement signing process. 

The development is set to greatly benefit the bank’s extensive cross-segment customer base, tending to the personal and entrepreneurial goals of individuals across all walks of life, the bank said in a media release. 

The introduction of a simpler and swifter loan process will allow their customers to embark on entrepreneurial ventures with ease, leading to the creation of great economic value and aiding national development. Similarly, much social good will also be generated, as the new process promises an easier pathway to secure funds to drive personal and family goals.

The bank had successfully implemented a system of digital signatures in the lead up to this landmark event in local banking, allowing for a streamlined loan approval plus signature process and considerable efficiency improvements in loan disbursements. With the successful trialing of the digital signature process within the bank, the digital signing of loan agreements convenience was extended to its customers for the first time in the new year. The digital signature process was utilized to great effect by SDB bank’s customers from several regions around the country, across Co-operative, SME, and Retail segments.