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Success Stories for Banking and Finance Automation
Digital Transformation for Banking & Financial Services
Digital Transformation, a digital-first mindset, emphasizes on reframing the way banking and financial organizations work to deliver new value propositions through leveraging RPA, AI and other advanced automation technologies. Digital transformation allows banks and financial services companies to integrate new technology solutions, bringing workflows and departments together to achieve performance gains. Reduced manual efforts, improved process turnaround time, an ability to manage end-to-end processes with minimal human involvement are some of the most valued benefits of adopting digital transformation.
Read a Detailed Blog Post on What Digital Transformation Mean in Practice
Benefits of Nividous Banking and Finance Automation
RPA in Banking Rapidly Reduces Operational Costs & Compliance Risks
With the early adoption of smart technologies, banks and financial institutions already offer full-service web portals and real-time account information. RPA can further help automate many repetitive tasks across discrete legacy systems. Combining RPA with AI-enabled automation and BPM can help to deliver more consistent services at a lower cost while ensuring regulatory compliance and deeper analytical insights.
Higher Operational Efficiencies
Significantly reduce human errors, operational costs, and processing time using RPA Bots that work alongside different systems to automate tasks delivering speed and accuracy.
Expedite Digital Transformation
Intelligent automation is the natural step for banks and financial institutions to move beyond siloed automation and embrace a holistic approach to accelerate digital transformation.
Improved Customer Experiences
Fast-track deployment of customer self-service options allows free reps to focus on improved customer interactions. At the same time, software bots gather data and use chatbots for speedy response time.
Augmented Workforces
Let your human workforce spend time analyzing data while the software bots automate manual tasks of extracting and transcribing data and documents from multiple discrete systems.
Enhanced Data Accuracy
Let software bots execute data extraction and entry tasks for hundreds of records in a couple of hours, delivering exceptional accuracy without human intervention.
Reinforce Compliance
Leverage automation with flexible workflows that allow you to comply with regulation changes quickly. Nividous offers several pre-built models to detect and prevent fraudulent transactions.
Banking and Finance Automation Use Cases
When combined with AI, RPA can enable automation of simple to complex processes at a rapid speed and scale.
Accelerate Loan Processing
Simplify Account Opening
Optimize Trade Finance
Improve Compliance
Account Reconciliation
Automated Mailers
Monthly Account Reviews
Credit Card Requests
Credit Underwriting
Retail Credit Assessment
Retail Fraud Detection
Regulatory Reporting
Account Reconciliation
Automated Mailers
Monthly Account Reviews
Credit Card Requests
Credit Underwriting
Retail Credit Assessment
Retail Fraud Detection
Regulatory Reporting
ON-DEMAND WEBINAR
Is Digital Transformation Relevant for Credit Unions and Banks?
It is said that digital transformation has become a condition of survival for businesses in today’s world. Get insights into the role that digital transformation plays in the financial services industry, specifically in credit unions and small banks.
Watch WebinarWhat our clients says about us…
"Signing documents with a digital signature is a complex process requiring strict compliance check. Nividous RPA Bots successfully automated the process saving us a considerable amount of time, effort and cost. We have also utilized Nividous platform to automate the end-to-end generation of over 18 reports, covering risk, operations and portfolio management functions."
Head of Technology & Transformation
Sanctum Wealth Management Private Limited
"Today, our customer service delivery officer needs to just key in a few data fields such as the customer account number for Nividous Bot to grab data and statements from the relevant websites to generate a consolidated report. We plan to extend the functionality to allow these requests to come from the customer via our website directly with an AI- or self-service- enabled chatbot."
Senior Vice President
Edelweiss Financial Services
"With the help of Nividous platform, we have realized a more than 70% reduction in the time required for franchisee onboarding. Our employees are now spending more time on value-added tasks."
Vice President – IT and Automation
Nirmal Bang
Additional Resources
eBOOK
Business Process Automation: The Step-By-Step Guide
"This guide to business process automation goes beyond jargon to offer real, actionable advice. You’ll learn, how to conduct pre-planning and build a sustainable automation strategy, which jobs are most appropriate for a first automation project, and the six steps to successful automation.
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Guaranteed Production Roll-out of a Trained RPA Bot in 3-4 Weeks
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