NIC Bank Transforms Key Processes Using Newgen’s Low Code Process Automation Platform
NIC Bank was in the process of expanding their business but were struggling with a high dependency on manual and paper-based processes. The bank’s expansion strategy was also being hindered by the complexity of the loan approval process and lack of transparency within the organization.
They were looking for a technology that could help them to centralize and digitize their processes. Leveraging Newgen’s low code process automation platform, purpose-built application for financial services industry, NIC Bank achieved:
- 99% improvement in compliance and quality
- 90% improvement in the “first-time-right” approach
- 90% increase in productivity
- 50% reduction in operational costs
Download this case study to learn how your financial institution can replicate NIC Bank’s success in digitally transforming their end-to-end processes by choosing Newgen as a digital transformation technology partner.