DUBAI - Jordan-based Cairo Amman Bank has implemented its BankWorld intelligent-teller-machine technology to offer customers pre-approved personal loans at the ATM, according to a news release.

Once approved, customers have the ability to choose the required loan amount and the repayment period. When the loan has been accepted, the cash can immediately be withdrawn from the ATM.

"This service has been hugely successful," said Omar Yacoub, chief information officer of Cairo Amman Bank. "The significantly reduced cost of loan processing via the ATM has enabled us to reduce the minimum value of the loan we can offer, further driving demand for the product. A quarter of all our loans are now sold through the ATM network."

The product is based on the Dublin-based CR2's Flexible Transaction Engine, which lets banks tailor ATM screens and marketing messages, product sets and information based on customer profiles.