Central Repository of Information on Large Credits – Customer verification and validation process for any new current account opening
The Regional processing center users at the bank had to verify if customers have any charges with other banks during current account opening, where respective customer form will be available as input CRILC (Central Repository of Information on Large Credits) and a four step validation is done at the initial stage (One of the validations for current A/C opening). Result will be saved in word file and printed.
UiPath bot was designed to address the challenge after analyzing and studying the process.
Execution time reduced from
I5 mins to 2 mins / record
Reduced manual errors
in the reports