10xDS streamlines Fire Insurance and Collateral Valuation Update process for leading Bahrain Bank
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10xDS delivered end-to-end automation of Fire Insurance and Collateral Valuation Update process for one of the largest banks in Bahrain.
Challenge
The process involved a periodic update of the Fire Insurance policy and collateral valuation details of the collaterals that the Banks obtain as securities against credit facilities. The process was time-consuming, manual intensive, prone to errors and had a higher turn around time.
Solution
10xDS designed, developed, and deployed an end-to-end automation solution in less than three weeks, clearing all the backlogs with error-free data. The solution substantially reduced manual intervention for the process. The team incorporated a scalable solution design capable of handling more volumes in the future.
