Account Opening Process Automation
Quickelf helps banks stay productive with an automated the back end system & a simplified operation process. We’ve helped banks grow without restrictions.
The Challenge
The common challenge that most of the banks around the world face that still haven’t implemented a digital on-boarding process for their customers:
Increase in customer base
The intense and painful process of manual verification of the growing number of savings/current account.
The inefficient solutions
Manually analyzing the huge data set of documents received everyday in the form of photocopy from numerous customers. Almost 40% of their paper-based processes required reworking due to frequent errors in them
The unproductive processes
Manual back end procedure makes the system inconsistent, costlier and lengthy. Bank Executives had to go through 150+ business rules manually that used to take 3+ hours
Why choose us?
Quickelf team has automated the back end system of savings/current bank account opening process to simplify the complete operation. Our team has leveraged intelligent document processing (IDP) software to extract and categorize customer data for new accounts. The smart system checks whether the customer details are authorized or not.
Using Cognitive automation, IDP extracts customer’s data from the submitted identity proof documents. Execution of OCR technology is unlocking the potential of unstructured data in the banking industry by transforming information extraction process from images and documents.
Intelligent automation verifies the extracted data through various government websites.
Implementation of business-process-management software automates entire account verification process. Our team’s solution seamlessly integrates and readily uploads the withdrawn data in the database, ERP or the third-party software without significantly altering the existing IT system.
For companies of all sizes, we provide the global scale and flexibility to help your business adapt to uncertainty. Find the space that’s right for you.
The Benefits
01 Streamlined Procedure
QuickElf team’s business-process-management tools connect the disparate legacy systems of the bank while terminating the manual data entry procedure and related errors in the end-to-end processes. The procedure eliminates redundant manual verification steps.
02 Inflated Engagement
Automated account opening process increases engagement. Faster backend process allows the bank staffs in focusing on other important functions of the organisation. Better service of the bank personals attracts more customers.
03 Capture
The automated system on-boards customer faster and captures the required data securely.