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× Shared Services IQPC Digital Get - On the Play Store INSTALL The World's Largest Shared Services & Outsourcing Network * GBS Certification * SSON Digital Articles Case Studies Columns Infographics Interviews Press Releases Tech Demos Videos Webinars Industry Reports Podcasts White Papers * SSON Events Event Calendar Online Events Impact Awards * SSON Analytics SSON Research & Analytics Intelligent Automation Universe Top 20 Most Admired SSOs & GBS 2022 * About About SSON Meet the SSON Team Global Advisory Board Contributors Partners Contact Us SSON App * Become a Sponsor Contact Us Sponsorship Hub * SSON Glossary * * Sign In * Get Started * GBS Certification * SSON Digital Articles Case Studies Columns Infographics Interviews Press Releases Tech Demos Videos Webinars Industry Reports Podcasts White Papers * SSON Events Event Calendar Online Events Impact Awards * SSON Analytics SSON Research & Analytics Intelligent Automation Universe Top 20 Most Admired SSOs & GBS 2022 * About About SSON Meet the SSON Team Global Advisory Board Contributors Partners Contact Us SSON App * Become a Sponsor Contact Us Sponsorship Hub * SSON Glossary * Sign In * Sign Up Business Process Outsourcing Customer Experience & Governance Data Management & Analytics Finance & Accounting Global Business Services (GBS) HR / Future of Work Intelligent Automation Process Automation & Digitalization Filter Categories Business Process Outsourcing Customer Experience & Governance Data Management & Analytics Finance & Accounting Global Business Services (GBS) HR / Future of Work Intelligent Automation Process Automation & Digitalization CASE STUDY: HOW ONE GLOBAL BANK IS PROCESSING AN ESTIMATED 40 MILLION KYC DOCUMENTS REDUCING KYC TURNAROUND TIME FROM WEEKS TO DAYS Add bookmark -------------------------------------------------------------------------------- Tags: Document AI Intelligent Document Processing KYC -------------------------------------------------------------------------------- SSON Editor 11/15/2022 AddThis Sharing Buttons Share to LinkedInLinkedInShare to TwitterTwitterShare to WhatsAppWhatsAppShare to FacebookFacebookShare to PrintPrintShare to MoreAddThis -------------------------------------------------------------------------------- Download Your Copy We respect your privacy, by clicking "Download Your Copy" you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. You have the right to object. In addition, you will receive our e-newsletter, including information on related online learning opportunities. For further information on how we process and monitor your personal data, and information about your privacy and opt-out rights, click here. KNOW YOUR CUSTOMER (KYC) STANDARDS PROTECT YOUR BUSINESS AND YOUR CUSTOMERS FROM FRAUD, BUT PAPER PROCESSES, MANUAL ENTRY AND INTERNATIONAL REGULATION CAN SLOW DOWN DOCUMENT PROCESSING. -------------------------------------------------------------------------------- Edgeverve's client, a leading global bank headquartered in New York with operations across consumer banking, commercial banking, wealth management, and capital markets, was faced with the following challenges: * Documents were varied, spanning 60+ document types, multiple structural formats, and regions * Multiple channels of KYC document receipt and often disjoint sources of KYC document tracking * 70% of existing customers were due for a periodic refresh * Compliance requirements with the regulatory norms and KYC guidelines of different regions and geographies In this comprehensive case study learn how the Document AI platform, XtractEdge, helped to reduce costs, increase turnaround time, improve compliance and correct manual entry errors for an estimate 40 million KYC documents. Download Your Copy We respect your privacy, by clicking "Download Your Copy" you agree to having your details passed onto the sponsor who may promote similar products and services related to your area of interest subject to their privacy policy. You have the right to object. In addition, you will receive our e-newsletter, including information on related online learning opportunities. For further information on how we process and monitor your personal data, and information about your privacy and opt-out rights, click here. Sponsored By: MORE FROM EDGEVERVE AUGMENT YOUR PROCESS TRANSFORMATION JOURNEY WITH THE POWER OF AUTOMATED PROCESS... Read how AssistEdge Discover helped a client identify over 300 process variations and spot the right... 2022-09-19 by SSON Network -------------------------------------------------------------------------------- HOW TASK MINING CAN DRIVE PROCESS EXCELLENCE In this report learn how task mining will help deliver process operations in the new remote work env... 2022-07-29 by Evan Beebe -------------------------------------------------------------------------------- ACCELERATE END-TO-END PROCESS AUTOMATION WITH UX & LOW-CODE Keeping the user in mind for End-to-End process automation can unlock new capabilities in internal c... 2022-07-21 by David Cohen -------------------------------------------------------------------------------- WHY PROCESS DISCOVERY SHOULD BE THE FIRST STEP IN YOUR AUTOMATION JOURNEY Choosing the right process at the beginning of the automation journey is key to RPA scalability. Tha... 2022-05-26 by SSON Network -------------------------------------------------------------------------------- DIGITIZING UNSTRUCTURED DATA ENTERPRISE-WIDE This report covers why unstructured data is such a crucial resource to enterprise transformation and... 2022-04-29 by SSON Network -------------------------------------------------------------------------------- Sponsor Page RECOMMENDED Strengthen your Invoice Policy with Help from SAP Concur 2022-11-15 By SSON Editor Long-Term Inflation Predicted in Tradeshift’s Index of Global Trade Health 2022-07-29 By SSON Network 5 Reasons to Digitalise the Procure-to-Pay Process 2022-04-05 By Shared Services & Outsourcing Network The Ultimate Guide to Account Reconciliations 2022-01-27 By Shared Services & Outsourcing Network When End-to-End Processes End in Frustration: P2P vs. Accounts Payable Invoice A... 2021-09-29 By Naomi Secor Making the Move to Modern Accounting in a Virtual World 2020-10-08 By SSON Editors A 10-Step Guide to an Efficient Supplier Invoice Process 2020-10-06 By SSON Editors Treating the Top 3 Pain Points of Spend Management with P2P Automation 2020-08-18 By SSON Editors ABB deploys Cadency by Trintech for more efficient financial processes 2020-08-17 Why U.S. AP Leaders Shouldn’t Wait for Electronic Invoicing 2020-05-12 By SSON Editorial 5 Ways Poor Visibility Undermines Financial Shared Services Initiatives 2020-05-07 By SSON Editorial Accelerate End-to-End Process Automation with UX & Low-Code 2022-07-21 By David Cohen Augment your Process Transformation Journey with the Power of Automated Process... 2022-09-19 By SSON Network Building A Robust Business Resiliency Strategy with Automation 2020-05-18 UPDATE: COVID-19 Impact on Global Service Delivery Models – "Reality Bites" 2020-05-14 By SSON Industry Reports Cultural Transformation as a Key Enabler of End-to-End Process Optimization 2020-12-10 By SSON Industry Reports Digitizing Unstructured Data Enterprise-Wide 2022-04-29 By SSON Network Case Study: How One Global Bank is Processing an Estimated 40 million KYC Docume... 2022-11-15 By SSON Editor EdgeVerve: Are You RPA Stuck? 2021-09-01 By Naomi Secor Evolution of the Enterprise Workforce in the Age of Automation 2020-01-12 By SSON Editorial How Process Discovery Works Towards Amplifying Operational Productivity 2021-03-01 By Beth Hampton How Task Mining Can Drive Process Excellence 2022-07-29 By Evan Beebe Human powered computer vision for your enterprise 2019-10-01 By Seth Adler [INFOGRAPHIC] Fueling Corporate Intelligent Automation With Data 2020-09-11 By SSON Network Why Process Knowledge is Key to Navigating the Post-Pandemic Future 2020-11-23 By SSON Industry Reports Realizing Automation Potential for your Business Process with Process Discovery 2022-01-21 By Shared Services & Outsourcing Network 5 Opportunities to Drive Resilient Service Delivery Models with Automation in 20... 2021-05-21 By SSON Industry Reports SSON Intelligent Automation Global Market Report 2020 (H1) 2020-07-30 By SSON Industry Reports SSON Report: Centers of Expertise Driving Automation 2020-06-01 By SSON Industry Reports SSON Report: Cloud-based Automation: Driving Agility, Scale and Control 2020-03-17 By SSON Industry Reports SSON Report: Intelligent Automation in Modern Enterprises 2020 2020-09-23 By Syazana Lim The Intelligent Automation Global Market Report: Outlook 2021 2021-01-05 By SSON Industry Reports The Next Level of Automation Connects Unstructured Data, Advanced AI Services, M... 2021-12-10 By Lee Coulter The Total Economic Impact of a Top-Tier Automation Platform: 110% ROI 2021-03-17 By Beth Hampton Why Process Discovery Should be the First Step in your Automation Journey 2022-05-26 By SSON Network < > OUR BENEFACTORS FIND CONTENT BY TYPE * Articles * Columns * Reports * Infographics * Interviews * Podcasts * Salary Index * Videos * Webinars * White Papers * App THE SHARED SERVICES & OUTSOURCING NETWORK COMMUNITY * About SSON * Contact Us * SSON Impact Awards * Advertise with us * Become a Member Today * Cookie Policy * User Agreement * Jobs * The SSON App * CPE Credit Policy ADVERTISE WITH US Reach Shared Services professionals through cost-effective marketing opportunities to deliver your message, position yourself as a thought leader, and introduce new products, techniques and strategies to the market. 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