Know-Your-Customer (KYC) Automation

Automate KYC processing and eliminate workforce from monotonous workflows

800+ loan centres of a leading non-banking financial corporation (NBFC) saddled with heavy manual processing of KYC documents.

800+ loan centres of a leading non-banking financial corporation (NBFC) saddled with heavy manual processing of KYC documents.

Challenge

Document collection agents are not reliable and hence sanity check of documents is a must.

Document collection agents are not reliable and hence sanity check of documents is a must.

Collecting the individual’s data from various KYC documents and compiling in a single source is a cumbersome activity that needs to be automated.

Collecting the individual’s data from various KYC documents and compiling in a single source is a cumbersome activity that needs to be automated.

Integrating with existing RPA systems is critical to leverage existing large investments in process automation.

Integrating with existing RPA systems is critical to leverage existing large investments in process automation.

Number of databases and sources to be tracked is a continously growing large list, with its compliance process is getting complex.

Number of databases and sources to be tracked is a continously growing large list, with its compliance process is getting complex.

Botminds Solution

Botminds AI can read and understand KYC documents just like humans

Botminds AI can read and understand KYC documents just like humans

Creating a report for all the entities is just a simple verification job with Botminds AI.

Creating a report for all the entities is just a simple verification job with Botminds AI.

Customized reports of all your KYC documents downloadable on a click.

Customized reports of all your KYC documents downloadable on a click.

Results

10X
Efficiency Improved.

Automatic extraction from set of KYC documents with integrated OCR along with intuitive validation UI provided 10X operational efficiency.

90%
Time Saved

The time to process a client’s KYC document had been reduced from an average of 20 minutes to less than an average of 2 minutes.

99%
Accuracy

The manual workforce are into more valuable non-mundane validation and verification of automated extraction, there-by high quality deliverables.

30%
More Capacity

The efficiency in the operations improved overall productivity and team morale resulting in huge top line improvement..

Request a Demo

See Botminds Unified platform in action

Please fill all form fields, to successfully submit the form

page-sense