Regulatory compliance: Complex compliance and on-boarding processes for corporate customers including data availability and communication to central bank.
Data accuracy: Multiple and disparate system for capturing customer information leading to inaccuracy and redundancy. There are complex validations involved while capturing customer data.
Faster processes: Inability to create escalation and alert matrix due to disparate systems leading to low accountability leading to longer sales cycles.
Reporting: Reporting formats were manual and complex with challenges including timely and accurate data availability.
End-to-end on-boarding process
FATCA and KYC compliance
Accurate and automated reporting
Faster turn around time End to end robotic processes with inbuilt verification and validation result into quick turnarounds.
Hassle free compliance Integrations with regulatory bodies help in seamless FATCA and KYC compliance.
Faster decisions Insightful and customizable reports that are instantly generated help in taking quick and informed decisions.