Allianz Bank Bulgaria in partnership with the global technology company Software Group has launched a project for implementation of a complete software solution for loan application and credit risk management -
. The integration of the module for loan origination and risk management for small and medium enterprises is part of the long-term strategy for digitalization of the bank and optimization of the processes for granting business loans.
CreditQuest is a centralized system that consists of four basic modules - Credit Manager, Financial Analyst, Rating Manager and Portfolio Manager. The system covers the entire process from the loan application to its disbursement and subsequent management.
"We are pleased to support Allianz Bulgaria in their digital transformation with a world-renowned product such as CreditQuest, which is being implemented for the first time in Bulgaria and has exceptional results for banking teams - up to 80% shorter loan terms, 70% higher productivity through standardized and automated workflows, centralized data and 360 ° portfolio visibility. Thus, banks that use this solution can significantly increase their loan portfolio and reduce their operating costs by up to 50%," said Kalin Radev, CEO of Software Group.
"The implementation of innovative software solutions is part of the digital transformation of Allianz Bulgaria. It is extremely important for us to respond to the market dynamics and business needs. That is why we focus on the efficiency, quality and speed of internal processes, as well as on building IT platforms that customers can use remotely, " said Georgi Zamanov - CEO of Allianz Bank Bulgaria.
About Allianz Bank Bulgaria
Allianz Bank Bulgaria is part of the group of the world leader in financial services Allianz SE and offers its clients a full range of financial solutions. Allianz Bank has a long-term credit rating BBB+ with a stable outlook, confirmed by the international rating agency Fitch Ratings Ltd. In 2020, the bank ranked in the top 5 of the best banks in Bulgaria in terms of stability, efficiency and sustainability, according to the prestigious ranking of the Capital newspaper. For more details, visit
About Software Group
Software Group is a global technology company specialized in digitalization and integration solutions for institutions that provide financial services. Founded in 2009 and headquartered in Sofia, Bulgaria, it currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines and the USA. The company’s vision is to accelerate financial inclusion by creating cutting-edge technology solutions. Some of Software Group’s customers are organizations such as Bill&Melinda Gates Foundation, MasterCard & MasterCard Foundation, International Finance Corporation (IFC), Asia Development Bank, Asia Confederation of Credit Unions (ACCU), Access Bank Germany, Atlantic Bank Group, Bank South Pacific, Commercial International Bank Egypt, EuroBank, Fidelity Bank, Generali, Kenya Commercial Bank and many others.