Bank Deploys Nividous Platform to Automate Bank Guarantee Closure Process

Register for Webinar

RPA and AI: Automation in Accounting and Finance
March 11th   1:00 PM EDT


Register for
Webinar
Automat Bank Guarantee Closure Process
 

A Leading Bank Deploys Nividous Platform 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 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
parallax background
 

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 platform allowed us to process all pending bank guarantees on-demand and serve the customers significantly faster.

Head – Robotic Process Automation

A Leading Bank in India

 

Guaranteed Production Roll-out of a Trained RPA Bot in 3-4 Weeks

Guaranteed Production Roll-out of a Trained RPA Bot in 3-4 Weeks

Latest Blogs

March 2, 2021
Top 10 RPA Case Studies

Top 10 RPA Case Studies

Looking for a way to implement automation in your business? Read these RPA case studies to see how other companies got started.
February 24, 2021
What Is Intelligent Automation?

What Is Intelligent Automation?

What is intelligent automation, and how can it benefit your company? Get the basics in this primer.
February 1, 2021
Benefits_Of_RPA_Nividous

Top benefits of RPA (Robotic Process Automation) and its application across industries

According to the latest forecast from Gartner, a leading industry analyst, “Global robotic process automation (RPA) software revenue is projected to reach $1.89 billion in 2021, […]