Overview: A leading investment bank was facing challenges in its trade settlement processes due to manual and fragmented systems. The lack of automation was leading to errors, delays, and increased operational costs.
- Manual and paper-based trade settlement processes resulted in errors and inefficiencies.
- Lack of visibility across different departments and systems.
- Difficulty in tracking and resolving exceptions.
- Compliance and regulatory requirements were becoming harder to manage.
Solution: The bank implemented Appian BPM to automate and streamline its trade settlement processes. The solution included:
- Designing and automating workflows for trade validation, confirmation, and settlement.
- Integration with existing systems to enable seamless data flow.
- Implementing real-time exception tracking and resolution.
- Building compliance checks and audit trails into the process.
- Reduced settlement cycle times by 40%.
- Minimized errors and exceptions, leading to a 30% decrease in operational costs.
- Improved visibility and transparency across departments.
- Enhanced compliance and regulatory adherence.
- Increased customer satisfaction due to faster and accurate settlement processes.