Robotic Process Automation (RPA) in Banking Industry and Financial Services

Improve Efficiency & Compliance. Delight Customers.

RPA Success Stories for Banking and Finance Automation

  • A Mortgage Company Automates Pre-Qualification of New Loan Applications

    Nividous Bots automate the process of pre-qualifying new loan applications allowing accelerated time to customer response and improved overall efficiency. This automation gives loan agents the ability to handle the requests easily and quickly wherever they are.

  • Edelweiss Financial Services Automates Reporting using Nividous 'Attended Bots'

    Highly skilled employees used to spend their significant time in generating and distributing several financial reports by navigating through multiple external websites, legacy systems, and emails. This customer utilized Nividous ‘Attended Bots’ to automate these manual tasks with utmost accuracy.

  • A Leading Wealth Management Firm Automates Over 18 Back-office Processes

    In less than eight weeks, Nividous RPA Bots are deployed to automate the end-to-end generation of more than 18 reports, risk assessments, and post-trade processes. The Bots perform several tasks related to copying, validating, and updating data between discrete systems, freeing up the back-office staff and investment analysts to focus on more critical tasks.

  • Automation of Trade Finance Operations for a Leading Bank

    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. Nividous RPA Bots were deployed to automate these processes, enabling improved data accuracy, auditability, and visibility.

  • Automation of a Bank Guarantee Closure Process for a Leading Bank

    Employees had to manually transcribe the data between multiple disconnected legacy systems to identify bank guarantees due for closure/termination/discharge, generate, and distribute notice letters, and execute reversals/closures. Nividous Bots were utilized to automate the end-to-end process, enabling faster customer communication and improved compliance.

RPA in Banking Rapidly Reduces Operational Costs & Compliance Risks

With early adoption of smart technologies, banks and financial institutions already offer full-service web portals and real-time account information. Robotic process automation can further help in automating a range of repetitive tasks across discrete legacy systems. Combining RPA with AI-enabled automation can help to deliver more consistent services at a lower cost while ensuring regulatory compliance and deeper analytical insights.

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RPA in Banking and Financial Services

A Key Enabler of Digital Transformation

Leverage robotic process automation (RPA) to navigate risks, optimize process efficiency, generate revenue growth, and deliver enriched customer experiences. Watch the on-demand webinar to learn more about the use of RPA technology in banking and financial services.

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RPA Use Cases in Banking and Financial Services

From streamlining customer onboarding and loan processing to simplifying regulatory reporting, automation in the banking and finance industry is easier with RPA. When combined with AI, RPA can enable automation of simple to complex processes at a rapid speed and scale.
Accelerate-loan- processing-v1

Accelerate Loan Processing

Analyze unstructured data and streamline document-intensive loan/mortgage origination and risk assessment processes.
Simplify-account opening-v2

Simplify Account Opening

Automate the process of new account opening to deliver improved customer experience and accelerate time to revenue.
Optimize-trade- finance-v3

Optimize Trade Finance

Achieve friction-less trade management by automating processes related to brokering, risk assessment, report generation, post-trade operations.
Improve-compliance-v4

Improve Compliance

Automate data management tasks for Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance by using intelligent bots.
Nividous Account reconciliation

Account Reconciliation

Nividous RPAS Automated Mailers

Automated Mailers

Monthly account reviews

Monthly Account Reviews

Credit card requests

Credit Card Requests

Credit underwriting

Credit Underwriting

Retail Credit Assessment

Retail Credit Assessment

Nividous Retail Fraud Detection

Retail Fraud Detection

Regulatory reporting

Regulatory Reporting

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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