for KYC (Know-Your-Customer) Process
Reduces running costs and errors simultaneously.
Description of Problem
- Checking black lists: When generating blacklist results on customers, bank officers have to include inputs from another data source and go through different selections on the banking system.
- Remittance review: A lot of effort is required to ensure that the funds are checked and sent correctly to the recipient’s account before posting the associated report to the in-house system. There were many reports to process and the human error rate can be high due to the eye-balling effort required.
- Decrypt, edit and encrypt documents to be sent out: The bank’s staff have to go through tedious steps of decrypting hundreds of documents individually on a daily basis. After that, these documents had to be edited with information coming from another source. The edited documents are re-encrypted subsequently to be emailed out to end customers.
Headquartered in an ASEAN country, this banking client provides services to clients across the Asian region and major global financial centres.
KYC (Know Your Customer)
How Gleematic Helps
Degree of Robotization: 75% Effort Automated
ROI: 3 Months
Human Error Rate Reduced
Manual Effort Reduction to 75%
Faster Processing Time: Reduction of 65%
No More Repetitive Administration
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What is it and how to implement it successfully