Automation of Financial Compliance (Regulation – B) for a Banking Leader - Futran Solutions

Global Investment Banking Leader

Automating Financial Compliance

For any incoming credit applications, the relationship team must ensure timely processing and communication regarding the application to the requestor irrespective of the ability to pay the credit requested without discrimination.

Accept or deny a credit application a certain time-frame and provide notifications to the client.

Futran Solutions

Employee Notification

Alerts sent out to debt analyst,
debt partner, relationship manager and business risk officer for client application stage expiry.data

Client Notification

Notifications to clients for
pre-disclosures, Notice of
incompleteness (NOI) and
decline for the application.

Compliance

Abiding to compliance
requirements for timely
notification and equal credit
opportunity.

Outcomes

Processed 2000+ credit applications daily

Yearly savings of 3500 manual hours

Scalable bot with ability to handle projected volumes for next 5 years

Technologies

.CSV