The customer is one of the fastest growing banks, offering specialized services under different business verticals. It currently services over 6.5 million customers through a network of over 300 branches and ATMs and 215 banking outlets spread across India.
The processes related to issuing, managing and closing letters of credit – the most preferred trade finance instrument, were heavily dependent on manual labor and were time-intensive.
A Nividous RPA solution automates the daily closure process for letters of credit and provides a frictionless trade finance experience. The RPA Bots enabled process automation improves data accuracy, auditability, and process visibility.
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