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A Leading Bank uses Nividous RPA Bots to Automate its trade Finance Operations

    A Leading Bank Uses Nividous RPA Bots to Automate its Trade Finance Operations

    Overview

    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.

    Problem

    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.

    Solution

    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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