RPA Success Stories for Banking and Finance Automation
Reduction in human errors40%
Improved process turnaround time85%
Faster customer communication
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.
Reduction in report generation cycle time65%
Improved process visibility80%
Reduction in administrative efforts
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.
Faster processing time65%
Decrease in labor60%
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.
Faster turnaround time80%
Enhanced process visibility50%
Reduction in operational costs
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.
Reduction in operational cost45%
Reduction in process handling time80%
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.
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.Watch On-Demand