Enhancing Credit Delivery through Straight-Through Processing (STP): A Comprehensive Documentation Framework
Introduction Straight-Through Processing (STP) in credit delivery refers to the end-to-end automation of the lending lifecycle—from loan application to disbursement—without the need for manual intervention. This digital transformation facilitates seamless data capture, rule-based processing, automatic routing, transaction confirmation, and final settlement, thereby enabling an efficient, accurate, and scalable credit delivery system. To ensure the successful…