<h1>ACT21 Software Wins Best Risk Management Award for Cutting Loan Processing Time by 50% Through Automated Decision System</h1> A financial technology company, ACT21 Software, received the Best Risk Management Implementation Award at the IBSi Global FinTech Innovation Awards 2024 for its collaboration with a leading Indian lending institution. The implementation streamlined loan processing, reduced turnaround times by 50%, and enabled handling of over 100,000 monthly loan applications. The Centralized Decision Management System automates decision-making across eight product lines, cutting underwriting time from five to two days. The technology company's CEO accepted the award, highlighting their commitment to delivering transformative solutions in financial technology and risk management.