Bank Adopts Nividous RPA to Automate Bank Guarantee Closure Process

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    A Leading Bank Adopts Nividous RPA to Automate Bank Guarantee Closure Process

     

    Industry

    • Banking

    Processes Automated

    • Bank guarantee closure process
    • Daily closure process for letters of credit

    Automation Highlights

    • On-demand and/or scheduled Bots
    • A detailed audit report on each automation
    • Execution on multiple systems

    One of the fastest-growing banks in India

    The customer currently services over 6.5 million customers through a network of over 300 branches and ATMs and 200 banking outlets spread across India. The customer was looking for a cost-effective and efficient solution for its labor-intensive and error-prone bank guarantee closure process. Nividous RPA platform was deployed to automate the complete process that enabled faster customer communication and a 45% reduction in process handling time.

    Download Full Case Study
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    The bank guarantee closure process is highly time-sensitive. The automation has helped us in sending timely intimations to our customers by effectively streamlining the tracking of each bank guarantee record.

    The flexibility and control provided by Nividous RPA allowed us to process all pending bank guarantees on-demand and serve the customers significantly faster. The complete process, including generating termination letters and sending e-mails, is automated with 100% accuracy.

    Head – Robotic Process Automation

    A Leading Bank in India

     

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