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TruBot Accelerates Trade Finance For A Leading BFSI Giant

Client

India's Largest Private Sector Bank

Industry 

Banking and Financial Services

Region

India

TruBot Accelerates Trade Finance For A Leading BFSI Giant

Challenges

The bank had too much workload their closure date was nearing. Due to lack of automation, it led to huge turnaround-time. The entire process was paper based which had a risk of errors and led to slower verification and processing of the documents due to manual intervention.

Solution

Datamatics deployed its proprietary Robotic Process Automation (RPA) solution, TruBot, for automation of Trade Finance process.

It eliminated the manual intervention while automating the entire system. TruBot automatically marks the files and transfers them to the relevant destination which led to 100% accuracy.

Impacts

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50%

Reduced Man Hours

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40-50%

Increased Efficiencies Of "Run The Business" (RTB) Cost

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60%

Increased Productivity

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100%

Error Free System

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