A Switzerland-based investment bank offering financial and advisory services to global customers while acting as a financial intermediary to facilitate employment opportunities and economic growth.
Streamline the labor-intensive OTC cash product settlement process to reduce processing time, ensure compliance with currency cut-offs, and improve operational efficiency while minimizing errors and quality gaps.
We implemented a lean Roboworx automation solution that seamlessly integrated into the bank's OTC settlement workflow. The solution automated key activities such as cash flow affirmation, reconciliation, settlement instruction review, and payment releases, ensuring efficiency, accuracy, and compliance.
Resource-Intensive Processing: Processing 3000 daily cash flows required substantial time, with users spending 3–9 minutes per transaction, depending on complexity.
Compliance Challenges: Strict adherence to currency cut-offs led to quality gaps and financial risks.
Reputational Risk: Processing delays and errors jeopardized the bank’s credibility and financial health.
High Operational Costs: The manual settlement process consumed significant time and resources, impacting productivity and profitability.
Customized Roboworx Automation: Roboworx automated key settlement activities, such as cash flow reconciliation and payment releases, while ensuring compliance with all critical business rules.
Machine Learning Integration:The solution utilized machine learning components to streamline data extraction and email comparison tasks with high accuracy.
Minimally Invasive Deployment: The automation was designed for non-disruptive integration into existing workflows, ensuring ease of adoption and continuity.
Error Reduction and Task Prioritization: Automation minimized manual errors, optimized task prioritization, and improved decision-making efficiency.
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