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

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    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

     

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