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
- 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
Benefits of using
the Bautomate RPA software
- Reduce 90% of loan processing time
- Extract the required data easily and send it to the banking system for final process completion
- Extract the customer data from various customer identity documents and address verification documents
- Capture the customer data from the KYC documents using OCR technique
- Eliminate unnecessary data entry errors & save time
- High accuracy in the data validation process
- Paperless process automation
- 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 customer experience