Financial Services, Risk Management

 

Business

Business Process Management for Financial Services: Risk Management

 

Problem

In a financial and credit institution , risk calculations and quality audit processes should be automated to increase returns within the new business . Previous manual processes were also delayed due to inability to cope with changes in the business and requirements. As a result, day-to-day service activities were inadequate and complicated by an extensive workforce system. We need a dynamic and automated application to determine and approve credit constraints and damage thresholds and accelerate service delivery

 

Beneficiaries

Employees and managers of customer service and finance departments.

 

BPMS based solution

With a business process management system, role-based proposal approval management is implemented to comply with banking practices and perform automated routing for credit employees. In addition to databases, risk management data and acceptance data are placed in the hands of credit staff or sales manager without the need for manual calculation or re-examination . Also, this system is similar to strict and strict privatization standards and provides the process of data security that determines the customer.

 

Advantages

The use of business process management  has enhanced business performance through a web-based distributed process that enables faster discovery and segregation of credit, credit reduction and related risks.  Managing and preparing regular reports has also been reduced from ten to seven days and ten weeks to ten minutes. The business of accounts has grown by up to 50% in the last two years. The business process management system supports programs to continue growing in both local and international markets. Business process management is the key to success in specific businesses.