Intelligent Automation Solutions for NBFC Industry
Credit Card Processing
AGTech’s Intelligent automation solution addressed the challenges clients faced in credit processing. It streamlined the process by extracting data from an Excel file, locating applicants in the CRM platform, and conducting comprehensive financial history
Read_more
checks.Advanced matching techniques were employed if needed, followed by automated email notifications to branches with standardized approval/rejection status, tenure, and down payment details. This reduced processing time by 90%, enabling 3x faster reviews, 95% accuracy, error minimization, and enhanced customer satisfaction.
Read_less
GL Reconciliation
AGTech’s Intelligent Automation (IA) solution significantly enhances the financial reconciliation process by automating the comparison of general ledger (GL) entries with external transaction data. This automation reduces manual effort, minimizes
Read_more
errors, and ensures accurate financial reporting. Clients faced challenges such as anomalies and missing data, but IA identifies discrepancies, flags exceptions, and generates reconciliation reports. This streamlines the process, reducing reconciliation time by up to 90% and achieving approximately 95% accuracy, benefiting clients with 3x faster and more efficient financial reporting while ensuring compliance.
Read_less
Loan Processing
Loan processing involves handling diverse application data, including unstructured documents. AGTech’s IA-powered OCR technology extracts data, performs credit checks, assesses eligibility, and generates documents, reducing processing time by
Read_more
80%, leading to 3x faster loan approval and cost savings of 80%. Clients faced challenges with diverse data and manual efforts; AGTech’s solution improved efficiency and accuracy, enabling better loan management.
Read_less
KYC Process
AG-Technologies offers a KYC automation solution that extracts data from various unstructured documents (fax, mail, etc.), streamlining identity verification, background checks, and report generation. This integration boosts customer onboarding
Read_more
accuracy and cuts operational costs. Clients face challenges with time and accuracy in E-KYC verification. AGTech’s Intelligent Automation reduces verification time by 90% and enhances accuracy to 90%, benefiting clients with faster onboarding and error reduction.
Read_less
Direct Recipt Entry Reconciliation
Clients encountered challenges in the Direct Receipt Entry (DRE) reconciliation process, including time-consuming manual entry and the risk of errors in financial records. AGTech’s solution streamlined DRE reconciliation, reducing entry time by up to
Read_more
100% and ensuring 100% accuracy. This automation enhanced transaction processing efficiency and minimized discrepancies, contributing to transparent and compliant financial management.
Read_less
Customer Due Diligence And KYC
Clients encounter difficulties meeting AML regulations due to labor-intensive processes and the demand for expertise in verifying customer information. AGTech’s IA technology offers a solution, providing roughly 95% KYC data accuracy, reducing errors, and
Read_more
accelerating customer due diligence. This leads to up to 80% time saved, enabling three times faster onboarding and improved customer interactions, ultimately ensuring AML compliance and enhancing the safety of banking operations. To know more how we do it, read the full case study here.
Read_less