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Case Study - Trade Finance
Case Study

400% efficiency improvement in the Trade Finance division of a leading public sector bank 

Client

A leading public sector bank


Industry 

BFS


Region

India

Trade Finance Case Study

Challenges

The bank was facing constraints in closing the expired letter of credits and bank guarantees in the core banking system within the stipulated time. The process was performed manually after office hours and was highly error prone.

Solution

Datamatics implemented Robotic Process Automation solution powered by TruBot, which validated the details between an Excel dump and the core banking system. Subsequently, the bot followed a pre-programmed process to close the LG/BG in the core banking system across multiple touch points.

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Impacts

Reduction in TAT

96%

Reduction in TAT

INR 5.1 Mn - OpEx savings p.a.

INR 5.1 Mn

OpEx savings p.a. 

80% Savings in terms of efforts

80%

Savings in terms of efforts

400% Improvement in process efficiency

400%

Improvement in process efficiency

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