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
- 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 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