Bank Melli Iran is planning to use ‘LendTech’ to ease the processing of microloans, an official with the bank said.
The measure is in accord with the Economy Ministry's recent notifications to state banks to focus on the creditworthiness of applicants for small loans, Alireza Mahyar, BMI's deputy for IT said, Peivast reported.
Mahyar said BMI's LendTech platform is near completion and would launched next March. "The platform will not be restricted to BMI use. We have agreements with private fintechs and LendTech companies to improve the quality of services."
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