Bianca Patru

Ensure compliance and risk mitigation with automated IAM & SoD.
Reconsider the way of running your processes, reduce the manual effort involved to perform these processes and reduce the overall cost of it with one solution.

Exploring the hot topic of 'Digital Transformation', why it fails so often, and how to achieve successful digital transformation by leveraging on the Digital Evolution approach.

Is important to have a clear VISION before embarking on a journey and know exactly what you expect as outcomes from your Digital Transformation incentives as well as take advantage of the unique opportunity of observing the experiences of other industries and learning from them.

Detecting and acting on the suspicion of fraud, accurately and efficiently, is a high priority for any Financial Institution but the process could be long, hard to monitor, and expensive to run.

My use case is looking to prove how the correct technology implemented in the right place could enable banks and financial institutions to overcome the challenges in the fraud departments and minimise the risks.

One of the very first steps of client onboarding known as KYC (Know your customer) is one of the most important as here you gather important information which sets the risk (potential future risk) and avoids non-compliance situations.

The process is highly manual and long, the need to correlate information from various channels and third parties could prove to be challenging for the banking operators.

But KYC isn't only required when onboarding a new client, ideally, banks will… Show more

One of the very first steps of client onboarding known as KYC (Know your customer) is one of the most important as here you gather important information which sets the risk (potential future risk) and avoids non-compliance situations.

The process is highly manual and long, the need to correlate information from various channels and third parties could prove to be challenging for the banking operators.

But KYC isn't only required when onboarding a new client, ideally, banks will like to perform regular KYC and CDD (Customer due-dilligence) to spot any risk ahead of time and avoid financial losses. Because of the process is long and expensive to run, banks can't perform it as often as they should or they would like to.

With the help of the right technology, the process could be simplified, more efficient and quiker. Show less

The process of Loan Origination and Adjudication is usually completed in seven steps and many of them might have a back-and-forth with the client and third parties. The process is well known for being highly manual, prone to manual processing errors, and subject to high risks if one of the stages isn't properly completed.

The purpose of my use case is to show that the right technology could help and enable banks to do it quicker, more efficiently, and overall cheaper.

In a highly regulated environment, the compliance department acts like an 'internal police' and must ensure that everyone, service entity, third parties, partners, and clients adhere and are compliant with the plethora of internal and external rules.

Underwriting is the process in which your chosen lender takes on your financial risk, for an agreed fee (this is the interest you pay on the loan). Before coming to a decision as to whether they are willing to accept your application, they need to establish the level of risk you pose as a borrower.

Often the process is long, highly manual, and prone to manual processing errors. The downside of that is that any error could result in an unspotted risk that the lender won't take into… Show more

Underwriting is the process in which your chosen lender takes on your financial risk, for an agreed fee (this is the interest you pay on the loan). Before coming to a decision as to whether they are willing to accept your application, they need to establish the level of risk you pose as a borrower.

Often the process is long, highly manual, and prone to manual processing errors. The downside of that is that any error could result in an unspotted risk that the lender won't take into consideration and end up in serious financial losses.

Implementing technology and automating this process not only is run quicker and more efficient but will also reduce the cost of operations and will ensure 100% accuracy and error-free. Show less