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  • IBM Business Automation Workflow Speeds Up Loan Disbursement Process
Bank speeds loan disbursement process
 

IBM Business Automation Workflow Speeds Up Loan Disbursement Process

 
>78%

Reduction in TAT for loan processing

20%

Increase in the business of group loans

65%

Improved customer communication

Industry

  • Banking

Solutions Highlights

  • IBM business automation workflow
  • An intuitive interface for handheld devices

A rapidly growing bank in India

The bank, with more than 1.4 million customers, faced problems related to the group loan disbursement process in rural areas. The manual and decentralized loan disbursement process caused issues associated with turnaround time, document collection, and approvals, thereby affecting the efficiency of the loan department.

The Nividous team developed a solution using the IBM business automation workflow. The team also integrated an interface for handheld devices for remote bank staff to capture customer’s data and documents offline and synchronize it later with a centralized server.

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Testimonial-Icon
 

We have been able to reduce the turnaround time for group business loan process from 14 days to 3 days with an increase in the overall business of the group loan department by 20%. We have won the IDBRT Banking Technology Excellence award and Finnovati award for Innovation in Banking, Financial Services, and Insurance Sector using the BPM solution deployed by Nividous.

Chief Executive Officer

A Rapidly Growing Bank in India

 

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About Nividous

Nividous, an intelligent automation company, is passionate about enabling organizations to work at their peak efficiency. From day one we, at Nividous, have focused on building a unified intelligent automation platform that harnesses power of RPA, AI and BPM. These three key pillars of holistic automation are natively available within the platform. With continuous innovation in our products and services, we endeavor to help our customers improve their competitive advantages.

www.nividous.com

About Nividous

  • Nividous, an intelligent automation company, is passionate about enabling organizations to work at their peak efficiency. From day one we, at Nividous, have focused on building a unified intelligent automation platform that harnesses power of RPA, AI and BPM. These three key pillars of holistic automation are natively available within the platform. With continuous innovation in our products and services, we endeavor to help our customers improve their competitive advantages. www.nividous.com

Automation

  • Robotic Process Automation
  • Attended vs. Unattended RPA
  • Artificial Intelligence and RPA
  • What is Intelligent Automation
  • Intelligent Document Processing
  • What is Hyperautomation
  • Accounts Payable Automation
  • Revenue Cycle Management

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  • Healthcare
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  • Life Science
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  • +1 (442) 444 2767

Mumbai, Ahmedabad, Moorestown, Sacramento, Hertfordshire

Automation

  • Robotic Process Automation
  • Attended vs. Unattended RPA
  • Artificial Intelligence and RPA
  • What is Intelligent Automation
  • Intelligent Document Processing
  • What is Hyperautomation
  • Accounts Payable Automation
  • Revenue Cycle Management

RoI Calculator

Industries

  • Finance & Banking
  • Insurance
  • Healthcare
  • Manufacturing
  • Life Science
  • Logistics and Supply Chain

Product

  • Nividous Platform
  • Studio
  • RPA Bots
  • Smart Bots
  • Control Center

Request Demo

Services

  • Quick Start Guarantee
  • Professional Services
  • BPM Implementation

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  • Webinars
  • Analyst Reports
  • eBooks
  • Videos
  • Blogs

Community

Company

  • About us
  • Partners
  • Customers
  • Events
  • News
  • Careers

Contact

  • [email protected]
  • +1 (442) 444 2767

Mumbai, Ahmedabad, Moorestown, Sacramento, Hertfordshire

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