UCO Bank to re­vamp re­tail biz

Banking Frontiers - - Project Pipeline -

UCO Bank is looking for a con­sul­tant to stream­line sys­tems and pro­cesses re­lat­ing to re­tail and SME busi­ness and us­ing tech­nol­ogy to in­crease credit flow. The con­sul­tant will as­sist the bank in de­sign­ing new prod­ucts and pro­vide sup­port in im­ple­men­ta­tion of sales, tech­nol­ogy, credit pro­cesses, oper­a­tions and collection sys­tems for re­tail and MSME. The bank wants these ini­tia­tives to in­ter alia cover the full process flow in­clud­ing loan sourc­ing, oper­a­tions, credit mon­i­tor­ing and col­lec­tions. The ob­jec­tive is to cre­ate ‘best in class’ credit and collection prac­tices for the bank, while man­ag­ing the risk on the books for en­sur­ing high prof­itabil­ity.

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