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Considering the global economic fluctuation, the banking sector is undergoing radical change due to competition, changing business models, mounting regulation and compliance pressures, and disruptive technologies. The emergence of new technologies is changing the competitive landscape in financial services, pressuring traditional institutions to review the way they do business. Principally, banks and credit unions need to develop a Digital Transformation Strategy if they wish to not only survive but gain a competitive advantage in the current landscape.
The whole of these factors has led one of the major Italian Banks to start its Digital Transformation Journey with myInvenio. The main objectives of the project were:
- Create a detailed model of the loan process
- Identify the key bottlenecks and inefficiencies
- Find the non-compliances
- Reduce the processing time
Download the Bank Loan Case Study and learn how myInvenio helped an Italian Bank increase process efficiency by eliminating reworks and deviations and by identifying several segregation of duties issues.
Thanks to myInvenio, our customer is able to constantly monitor running processes performances and costs, and provide predictions about the expected completion lead time.