Know-Your-Customer (KYC) Automation

Automate KYC processing and eliminate your workforce from monotonous workflows

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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 them into a single source is a cumbersome activity that needs to be automated.

Collecting the individual’s data from various KYC documents and compiling them into 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.

The number of databases and sources to be tracked is a continuously growing, with its compliance process getting complex.

The number of databases and sources to be tracked is a continuously growing, with its compliance process 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 are downloadable on a click.

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

Results

10X
Efficiency Improved.

Automatic extraction from a 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 reduced from an average of 20 minutes to less than an 2 minutes.

99%
Accuracy

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

30%
More Capacity

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

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