EIQ Platform for Intelligent Business Automation in Banking

Roll out digital-first solutions, reduce operational costs, and manage risks better.

Intelligent Business Automation Platform for Banking and Financial Services

Cognitive Credit Risk Assessment

Cognitive Credit Risk Assessment leverages advanced technologies like a robust intelligent business automation 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 (ML) 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. Streamline and expedite key processes related to contract handling, data management, and program management by using the advanced technologies of intelligent business automation in banking, such as artificial intelligence (AI) and robotic process automation (RPA).

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 intelligent business automation platform for banking to expedite the traditionally lengthy process. Use multiple automation levers to 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 ML 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 intelligent business automation 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.

Enhancing Business Agility: A Financial Giant's Journey in Credit Risk Assessment

EvoluteIQ Solutions

The Challenge

Boosting Loan Disbursement Rates Amidst Conversion Sluggishness

The client faced a concerning trend of declining loan disbursement rates, despite a healthy top-of-funnel. Conversions were sluggish, leading to applicant drop-offs. Root cause analysis revealed two pivotal issues: multiple process bottlenecks causing extensive delays and inadequate insights into applicants’ credit risk scores.

The Results

35% Improvement in loan disbursal due to faster TAT and less conservative lending decisions

67% Improvement in customer experience and returning customer loyalty

43% Improvement in stable cost of capital and risk profile of loans under management

Antares

“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 hyperautomation strategy”.

Are you ready to transform how your business operates?

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