Intelligent Automation Solutions for NBFC Industry

Credit Card Processing
Streamling credit processing through Smart Automation. Extract essential detIAls from an Excel file on the shared drive. Access the CRM platform to locate applicants using Excel data. Additionally, perform a comprehensive check to identify any

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potential concerns related to the applicant’s financial history. Employ advanced matching techniques, if required, based on address information. Lastly, trigger an automated emIAl to the branch, presenting a standardized format contIAning the applicant’s status of approval or rejection, tenure, and down payment particulars.

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GL Reconciliation
The process of of aligning and verifying financial records by comparing and reconciling general ledger (GL) entries with corresponding transaction data from various sources. Addressing anomalies, discrepancies,

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and missing data necessitates Automation can helps in enhancing this process by automatically identifying and rectifying discrepancies between the GL and external data,The bot identifies discrepancies, flags exceptions, and generates reconciliation reports. This solution streamlines the reconciliation process, reduces manual effort, minimizes errors, and ensures accurate financial reporting, enhancing efficiency and compliance.

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Loan Processing
Loan processing involves Dealing with diverse loan application data, which may include unstructured documents and varying formats. Using IA-powered OCR technology can be used to gather and extract relevant details

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from loan applications and verify the applicant’s details, perform credit checks, assess eligibility, and analyze financial data,generate necessary documents, update records, and create reports for further processing, make loan approval or rejection decisions and Identify and manage exceptions. This efficient approach saves time, ensures accuracy, and helps manage loans effectively.

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KYC Process
Know Your Customer process is standard in all sectors. It involves validating the digital documents data from different type of documents in an unstructured format receives via fax, mail, courier, scanning.

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AG-Technologies can helps in automating KYC process for data extraction, identity validation, background checks, document management and generation of MIS reports. This process integrates smoothly with internal systems, ensuring accurate customer onboarding with high accuracy and reducing operational cost.

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Direct Recipt Entry Reconciliation
The DRE reconciliation process involves comparing and verifying financial transactions entered into the company’s financial system through Direct Receipt Entry with external records like bank statements.

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Automating this process can helps in identifying any discrepancies, investigated, and resolved to ensure accuracy. Reconciliation is done periodically, documented for controls, and contributes to transparent and compliant financial management.

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Customer Due Diligence And KYC
The procedure of verifying and assessing customer identities and financial activities to ensure compliance with anti-money laundering (AML) regulations. use IA technology to reduce hours and hours on

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manual work and involving skilled resources for gathering and verifying customer information, such as identification documents and financial history, to assess potential risks and prevent financial crimes, providing a safer banking environment for both customers and institutions.

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