Business Process Automation in Banking

Streamline the core documentation processes with Bautomate. Banking document processing at your fingertips!

In the banking industry, the loan approval segment involves lots of manual data-entry processes such as customer identity checking, tax form verification, employer verification process, etc.

Problems with the existing banking system

In the banking industry, especially the loan approval segment involves lots of manual data-entry processes such as customer identity checking, tax form verification, employer verification process, etc.

  • Time-consuming process
  • The banking sector requires highly experienced resources
  • Risk of data security in the manual loan approval process
  • Possibility of man-made errors in the manual data entry
Business Process Automation in Banking Industry

Benefits of using Bautomate 

Intelligent Automation in Banking
  • Reduce 90% of loan processing time
  • Extract the required data easily and send it to the banking system
  • Extract the data from various identity and address documents
  • Capture the customer data from the KYC documents using AI OCR
  • Eliminate unnecessary data entry errors & save time
  • High accuracy in the data validation process
  • Paperless process automation software
  • Easy integration and AI-enabled verification process.
  • Reduce labor costs by implementing automatic data extraction.
  • Speed up the loan approval process by 50% and improve the experience

Some of the other applications

The role of Bautomate’s business process automation solution is not restricted to particular industry.

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