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Daily banking activities get a shot in the arm with a unified automated process delivered by Coforge

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Overview.

The client is one of the leading banking groups in United Kingdom dealing in retail and commercial line of businesses. It was formerly under the Australia-based banking group, NAGE, and was later demerged as CYBG (Clydesdale and Yorkshire banking group). The client faced operational hurdles due to manual processes and reliance on third-party systems. Their goal was to enhance customer experience while mitigating risk. Coforge stepped in to deliver a unified automated process, streamlining daily banking activities and enabling efficient customer onboarding. The case study highlights how this solution addressed complex business challenges.

Challenges.

Below are a few key challenges faced by the client: 

  • The customer was using manual process for customer onboarding process which was not scalable and flexible.
  • Customer dissatisfaction and loss of business
  • Various third-party systems were involved in the present business process.
  • The client aimed to maintain customer experience, user friendliness and confidence
  • They also wanted to reduce the risk to customers and banks in the online process

Solution.

  • Coforge delivered a unified automated process and an orchestration system that allowed customers and banking professionals to use the banking processes more efficiently.
  • Our applications were aimed at improving overall customers banking experience by automating day-to-day banking process and to provide an opportunity for customer onboarding and to operate all the banking activities (Digital Growth) using mobile or any other internet connected device at ease
  • The solution followed an objective to create a reusable framework (via API enablement) which could be eventually extended to various other business units and transformed into a corporate solution.

The Impact.

<0.04%

Errors

7500

Applications processed (5500 online and 2000 non-web channel cases) in complete real time from Pega

8-10

Systems now interacted by Pega via 5 unique integration points

  • Enablement of digital signature functionality
  • Omni channel process
  • Better visibility on the processes and handling
  • Improvement in employees' productivity and customer satisfaction

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