Credit Approval Automation using Low code Platform

The Client

A leading UK merchant banking group providing lending, deposit taking, wealth management services and securities trading.

Challenges

High OpEx due to paper-based back office processes. ~ 3500 paper documents are processed daily through 50+ Excel Browsers and 45 mailboxes in one division alone

Solution Delivered

  • Estimated Cost Saving of 30% using the power of Intelligent Automation
  • 20x faster Speed of development. Solution delivered in 5 days using Agile Mode
  • Real-time dashboards for tracking and auditing
  • Beautiful and Consistent UX with 100% Automatic Native Mobile channel

Highlights: The Coforge Banking and Financial Services Practice

Wealth and Asset Management | Wholesale Banking | Consumer Lending | Cards and Payments | Trade Finance | Risk Management | Finance and Accounting

  • Servicing over 200 Financial institutions
    • 10 of the top 15 US private banks
    • Over 100 asset managers
    • 15 wealth management firms
    • 6 broker dealers
    • 30 pension funds
  • Over 15 years of Proven Experience in Servicing Capital Markets Firms
    • Asset Under Management (AUM) supported: US$ 1.5 trillion+
    • Financial advisors supported: 6,000+
    • End customer supported: 1.5 million+
  • Over 8,000 Person Years of Solution Delivery Experience
    • 45+ software products supported
    • 350+ releases per year