Case Study How Automation Helped Cut Commercial Loan Booking Time in Half

July 11, 2018

For years, the bank’s commercial loan booking team was unable to comply with SOX regulations. The loan booking process was highly manual, requiring analysts to key 80+ data fields into a system. Despite rigorous coded quality controls, the process was slow and prone to error. The bank implemented Work Fusion Smart Process Automation (SPA). SPA trained cognitive bots, powered by machine learning, to automatically extract key data fields from several types of unstructured loan documents. Automating each step also created an ongoing audit trail, which enabled the bank and regulators to trace how bots interpreted and actioned data.

Spotlight

Summit Trail Advisors

Our investment process has two parallel processes that come together when constructing your portfolio. Our centralized advice team is constantly researching economies, capital markets, and strategies for the best investment outcomes. Your advisor team builds the relationship by listening to gain a clear understanding of your financial attributes and personality. The attention our advisors can spend on investments, combined with the time our research team can also spend directly with you, brings portfolios to life. This interaction is unique, and the foundation of our boutique investment process.

OTHER WHITEPAPERS
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Embedded Finance The Future of the Economy

whitePaper | November 26, 2019

Financial services is the nervous system of our economy; a critical system that needs to operate efficiently and equitably for our society to function. The legacy 20th century business models in finance have become increasingly obsolete and most have not adapted to the fundamental paradigm shift—technological, institutional and societal—ushered in by our continuing transition from an Industrial Age to an emerging Information Age.

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The Business Value of SAP Account Substantiation and Automation by BlackLine

whitePaper | December 14, 2022

The rapid pace of change brought on by the current market dynamics has put a spotlight on the communication of business information. Many financial leaders are hampered by an inability to gather and disseminate that business-critical information to the necessary stakeholders at the necessary speed to cope with the rapidly changing business environment.

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CryptoUnity: Start Simple, Stay Secure

whitePaper | May 17, 2023

Cryptocurrencies are a type of virtual currency that are secured with cryptography and exist only in digital form on our computers and smart devices, such as mobile phones, tablets, etc. They allow users to trade easily and quickly, as the execution of a transaction, anywhere in the world, usually takes only a few seconds or minutes. Cryptocurrencies are becoming more popular and interesting for new users each day. Additionally, the blockchain technology itself is gaining popularity, which, besides the creation of cryptocurrencies, offers enormous opportunities for the progress and upgrade of many industries. Therefore, the number of users and the size of the market itself is growing steeply each year. Despite the market growth and the increase in the number of users, centralized exchanges still face challenges, one of the biggest of which is definitely that users have to blindly trust them with their funds.

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The future of crypto payments

whitePaper | January 27, 2022

We at Nuvei have long been believers in the long-term potential of crypto, in the last year innovation has accelerated with the rise of non-fungible tokens (NFTs) and decentralized finance (DeFi) — the latest example of the latent potential of blockchain technology. These innovations have introduced millions of consumers to crypto but one of the use cases that has remained elusive is crypto as a “means of exchange”. However, multiple regulatory, technological, and corporate adoption drivers are creating the right catalysts for accelerated crypto payments adoption and acceptance.

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How to Build Financial Resilience Through AR Intelligence

whitePaper | June 12, 2023

Cash flow visibility is crucial in turbulent economic times because financial situations and market conditions can turn on a dime. But most AR, credit collections, and credit risk teams don’t have the visibility they need to quickly identify cash flow trends and effectively manage working capital. Many teams are sitting on mountains of data they can’t use.

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Capitalising on volatility in the motor finance market

whitePaper | July 8, 2022

The motor industry is facing a perfect storm of difficulties: lower consumer spending power; drivers rethinking how they use their cars and even whether they need a car at all; an increase of available data; the growing popularity of diverse fuel options – all of this has created greater volatility within the market.

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Spotlight

Summit Trail Advisors

Our investment process has two parallel processes that come together when constructing your portfolio. Our centralized advice team is constantly researching economies, capital markets, and strategies for the best investment outcomes. Your advisor team builds the relationship by listening to gain a clear understanding of your financial attributes and personality. The attention our advisors can spend on investments, combined with the time our research team can also spend directly with you, brings portfolios to life. This interaction is unique, and the foundation of our boutique investment process.

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