Nividous Software Solutions announced the successful deployment of Nividous RPA, to automate the Know Your Customer (KYC) document generation process as part of an account opening activity for Edelweiss Private Wealth Management.
FOR IMMEDIATE RELEASE / PRURGENT
Mumbai, 22nd May 2018: Nividous Software Solutions, a software development and consulting company, announced a successful deployment of Robotic based Process Automation (RPA) for Edelweiss Private Wealth Management (EPWM), one of India’s leading wealth management companies. RPA will be instrumental in automating the entire KYC (Know Your Customer) document generation process which is an integral part of account opening process for EPWM. For a company that constantly on a lookout for new technologies with an objective to enhance customer experience, RPA is definitely a great enabler.
RPA will provide end to end digital integration for EPWM’s diversified business operations, thus creating pleasant client memories. It makes sure that customer experience throughout the value chain is enriched and creates shadows of transparency, trust, simplicity and seamless execution.
Commenting on this development, Anshu Kapoor, Head – Edelweiss Private Wealth Management said, “Edelweiss Private Wealth Management has always strived to be the most customer-centric wealth management business in the world. We want to be recognized as a Perennial Game-Changer in Innovation and Thought Leadership. RPA (Robotic Process Automation), has already proven to be a game changer for many industries, primarily in the BFSI sector and thus, we’re also keen to expand the use of this technology in removing friction in client lifecycle”.
Shvetal Desai, Co-founder at Nividous, said “Manual and time-intensive processes are the best fit for RPA. Moreover, Bots using Nividous RPA are easy to build and integrate, requiring zero customization to legacy systems. Nividous RPA can easily be scaled up to automate multiple business processes. We have identified more than a dozen touch points where Edelweiss Private Wealth Management business operations can be automated using Nividous RPA and are working closely with the Edelweiss transformation team to roll them out in the next few weeks.”
Nividous’ understanding of EPWM’s business requirements and the crucial processes helped speedy execution. The Nividous team used its Quick Start engagement model to understand the business requirements for building the first bot for the KYC process. The Bots were built within 2 weeks and are now programmed to perform the scheduled tasks 24x7 without interruptions, enabling FAs to focus more on servicing and advising their esteemed clients.
Nividous is organizing a live webinar on Robotic Process Automation in the Banking and Financial Industry on 31st May at 1.00 PM EDT. Register:https://goo.gl/57KEvK for the webinar today.
Nividous is a global software development and consulting company specializing in delivering digital process automation solutions that require deep technology knowledge, process proficiency, and domain expertise. The company was primarily formed to address the implementation challenges that organizations face worldwide while adopting new technology platforms.
The Nividous leadership has 20+ years of experience in delivering 500+ digital process automation solutions globally that are automating entire value chain of customers, used by more than 50000 users and are deployed across 60+ engagements.
About Edelweiss Private Wealth Management:
Edelweiss Private Wealth Management (EPWM), part of the Edelweiss Group, is one of India’s fastest growing Wealth Management businesses in India. Its clientele includes New Age Entrepreneurs, Business Owners/Promoters, Family Offices, CXOs and Corporate Treasuries. In 2017, the company won many awards, some of them being Best Wealth Manager 2017 – Rising Star India, Excellence in Wealth management, India domestic 2017 (Asian private banker awards), Best Private Bank, India 2018 (Asiamoney best bank awards)
Solutions offered include:
- Family Governance and Wealth Structuring
- Asset Protection and Asset Transfer Strategies
- Investment Management - Capital Markets, Real Estate, and Alternatives
- Investment Banking
- Risk Management
- Insurance Advisory
EPWM follows the Edelweiss credo of ‘Ideas Create, Values Protect’, thereby making it the most trusted advisor to its clients.
To learn more about Edelweiss Private Wealth Management, please visit https://wealth.edelweiss.in
To learn more about the Edelweiss Group, please visit www.edelweissfin.com