Bank uses RPA Bots to automate its trade finance operations

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Automate Trade Finance Operations With Nividous RPA
 

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

 

Industry

  • Banking

Processes Automated

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

Automation Highlights

  • Bots can be scheduled / called on-demand
  • Automation execution on core banking system
  • Exceptions handling using rules

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 processes related to issuing, managing, and closing letters of credit were heavily dependent on manual labor and were time-intensive. The RPA Bots-enabled process automation improves data accuracy, auditability, and process visibility.

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The end-to-end process of managing the most preferred trade finance instrument – letters of credit was highly manual. With Nividous RPA Bots, we are able to automate the daily closure process for letters of credit and provide a frictionless trade finance experience to our customers. We have expanded the use of the Bots to automate other processes as well.

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

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