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

30%

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Reduction in human errors

40%

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Improved process turnaround time

85%

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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.

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70%

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Reduction in report generation cycle time

65%

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Improved process visibility

80%

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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.

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95%

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Faster processing time

65%

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Decrease in labor

60%

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Improved productivity

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.

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70%

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Faster turnaround time

80%

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Enhanced process visibility

50%

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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.

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50%

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Reduction in operational cost

45%

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Reduction in process handling time

80%

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Improved compliance

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.

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