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.

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Infinity Futures

Infinity Futures, LLC is an Independent Introducing Brokerage firm headquartered in Chicago, Illinois. Founded in 1996, Infinity has been providing customers from around the world access to the global derivatives markets. Whether you are interested in online trading facilities or access to top managed programs, Infinity offers a suite of programs tailored to individual customer needs. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results.

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Spotlight

Infinity Futures

Infinity Futures, LLC is an Independent Introducing Brokerage firm headquartered in Chicago, Illinois. Founded in 1996, Infinity has been providing customers from around the world access to the global derivatives markets. Whether you are interested in online trading facilities or access to top managed programs, Infinity offers a suite of programs tailored to individual customer needs. Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. Past Performance is not indicative of future results.

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