Bank uses RPA Bots to automate its trade finance operations

Register for Webinar

Intelligent Automation and Continuous Improvement in Business Processes
July 29th   1.00 PM EST


Register for
Webinar
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.

Download Full Case Study
parallax background
 

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

Latest Blogs

July 22, 2021
5 Surprising Intelligent Automation Benefits

5 Surprising Intelligent Automation Benefits

You know the major intelligent automation benefits. But did you know it can also reveal hidden bottlenecks? Learn this tech’s surprising advantages.
July 21, 2021

RPA Vs. BPA: What’s The Difference?

RPA and BPA may be similar terms, but they each refer to a distinct type of automation. Learn the difference between RPA vs. BPA here.
June 21, 2021
How To Calculate ROI For Your RPA Project

How To Calculate ROI For Your RPA Project

Will an investment in Robotic Process Automation (RPA) pay off for your business? Learn how to calculate ROI for your RPA project to find out.