BRD and Q-Lana partner to digitize Credit Management Process

The Development Bank of Rwanda (BRD) and Q-Lana Inc celebrated a significant milestone of the bank’s digitalization journey with the “go-live” event of its Credit Management Platform.

The teams of Q-Lana and BRD configured Q-Lana’s Open Banking Platform to digitalize the bank’s entire lending process – including acquisition, assessment, approval, disbursement, monitoring, and collection, all which can now be managed online by the bank’s staff.

The Development Bank of Rwanda (BRD) and Q-Lana Inc recently celebrated a major achievement in the bank’s digital transformation efforts, with the successful implementation of its Credit Management Platform.

BRD CEO Kampeta Sayinzoga

During the “go-live” launch event, BRD CEO Kampeta Sayinzoga thanked the teams of both companies for taking part in a collaborative process to convert the detailed steps of the bank’s loan process into a seamless application. This was the goal when embarking on the project and it has been achieved. “We aim to champion excellence in all our ways. This go-live will enable us to make another major step towards a digital bank by providing our clients with faster processes for the kind of service they deserve.” – Kampeta Sayinzoga, CEO of BRD.

Christian Ruehmer, Co-Founder and CEO of Q-Lana echoed the remarks: “we are proud of what we have achieved together”, he said. “Lending processes in development banks are often very detailed due to the nature of the products. Our joint teams have overcome those challenges. With this, we have laid the basis for a great collaboration going forward.”

Over 130 BRD staff members from 12 different departments will use the Q-Lana platform throughout the complete lifecycle of the loan process for originating, monitoring, managing, amending, and restructuring loans. With the new platform, loan agreements and more than 20 other banking documents now will be generated online for clients.

As part of the ongoing collaboration, Q-Lana will continue to work with BRD to further support the client onboarding process and interactions with clients online.

About BRD

BRD is responsible for promoting private sector involvement in critical sectors for achieving the STI and SDGs through affordable, long-term finance. They support enterprises directly or through other financial institutions across 7 key areas, such as Energy and Agriculture, through investment loans, grants, guarantees, trade finance, and advisory services. The bank’s investments contribute to economic growth and development while aligning itself for competitiveness, sustainability, and enhanced value creation.

About Q-Lana Inc.

Q-Lana Inc., founded in 2016 in the US with offices in Belgium, Rwanda, and India, offers Open Banking Solutions for financial institutions of all sizes to succeed with digitalization. The low code-based platform, with SME lending and risk management expertise, is ideal for institutions seeking a development partner. Q-Lana’s cloud and server-based solutions support digitization and the implementation of full-scale digital ecosystems based on APIs and microservices. Asset Managers seeking to digitize their asset origination and fund management activities are also targeted by Q-Lana.