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10xDS streamlines Fire Insurance and Collateral Valuation Update process for leading Bahrain Bank

Fire Insurance and Collateral evaluation process Automation

10xDS streamlines Fire Insurance and Collateral Valuation Update process for leading Bahrain Bank

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.

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