EIQ Platform for Hyperautomation in Banking
Hyperautomation Enablement Platform for Banking and Financial Services
Cognitive Credit Risk Assessment
Cognitive Credit Risk Assessment leverages advanced technologies like a robust hyperautomation enablement platform to enable businesses to acquire new customers without increasing operations spending or compromising their financial risk tolerances. This innovative approach utilizes the power of artificial intelligence (AI) and machine learning algorithms to efficiently evaluate and assess the creditworthiness of potential customers, enabling organizations to make informed decisions while minimizing risk.
How does it work?
- Identify digital hooks to modernize the risk assessment process for prospects.
- Build an ML-based risk-appetite framework for credit or loan applicants.
- Implement end-to-end process automation to ensure downstream activities are executed near real-time.
Automating Regulatory Response
Automating Regulatory Response transforms how businesses navigate the complex regulatory compliance landscape. By leveraging advanced technology of hyperautomation in banking, such as artificial intelligence (AI) and robotic process automation (RPA), organizations can streamline and expedite key processes related to contract handling, data management, and program management.
How does it work?
- Automate repapering and end-to-end execution workflows that cover legal, risk, and operations teams.
- Prioritize and categorize contracts by client and asset type to prioritize high-risk areas.
- Leverage pre-built connectors to enterprise systems and for Legal Entity Identifier (LEI) database.
Mortgage Origination Processing
Mortgage Origination Processing has undergone a transformative shift by harnessing the power of hyperautomation enablement platform for banking to expedite the traditionally lengthy process. By leveraging multiple automation levers, businesses can reduce the origination processing timeline from weeks to minutes.
How does it work?
- Document verification using Intelligent Document Processing (IDP) and Computer Vision.
- AI and Machine Learning based intelligent underwriting and risk assessment.
- Mortgage closing workflows and applicant communication based on loan approval or denial status.
Trade Finance Processing
Trade Finance Processing addresses the critical challenges that often contribute to extended transaction cycles and excessive handling and storage costs. Organizations can mitigate these challenges by implementing efficient hyperautomation in banking and streamlining trade finance operations, resulting in faster transactions and reduced costs.
How does it work?
- Ensure compliance with trade-related regulations such as UCP, sanctions screening, and AML mandates using AI/ML and rule-based workflows.
- Work with Intelligent Document Processing of documents such as the Letter of Credit (LOC), Bills of Lading, and Insurance Certificates to extract structured information.
- Integrate disparate systems to automate the highly manual and paper-based processes across counterparties, banks, and logistics providers.
Talk to us today to learn how we enabled a leading financial services client to improve its business agility to acquire new customers.
45% improvement in loan disbursal rates for a financial services major within 3 months of go live.
Client Context
The leading financial services client specializing in corporate loans wanted to improve its business agility to acquire new customers without increasing their operations spend or skewing their risk tolerances.
Business Process Area
Loan Origination / Risk Management
Value Delivered:
- 45% improvement in loan disbursal due to faster turn-around times and less conservative lending decisions.
- Stable cost of capital and risk profile of loans under management
- Improved customer experience and loyalty
“Antares is focused on the financial services ecosystem, providing solutions to the banking, capital markets, investment management, and private market sectors. EvoluteIQ is our key technology business partner and the EIQ Platform is central to our hyper-automation strategy”.