Revolutionize Your Customer Service Management
with Intelligent Automation & Data-Driven Insights

In retail banking, efficiently streamlining Know Your Customer (KYC) processes is critical in ensuring regulatory compliance and boosting customer satisfaction. Leveraging ServiceNow's Process Mining & Optimization technology, Proviniti provides a transformative solution to optimize these processes in retail banks' Customer Service Management (CSM) operations.

KYC processes help maintain legal compliance, prevent fraud, and offer a smooth customer onboarding experience in retail banking. Proviniti's solution integrates seamlessly with ServiceNow's CSM, optimizing these processes for quick, accurate customer verification and enhanced onboarding experiences. This reduces time, significantly lowers error risk, aligns with regulatory standards, and delivers strong customer satisfaction.

Challenges in KYC Processes

Advisory and Consulting

Onboarding Delays

Lengthy verifications cause customer onboarding lags, affecting satisfaction and trust.

Advisory and Consulting

Compliance Risks

Poor process controls and manual tasks can lead to KYC non-compliance, risking legal penalties.

Advisory and Consulting

Operational Inefficiencies

Disjointed, manual KYC processes increase workload and operational costs.

ServiceNow Process Optimization for KYC

Our solution automates verification for efficiency, optimizes workflows in real-time, and ensures
compliance through automated checks.

Advisory and Consulting

Automated Verification Processes

Just as in HRSD and ITSM, ServiceNow's automated verification processes ensure data accuracy and efficiency.

Advisory and Consulting

Real-time process optimization

Ongoing workflow analysis and enhancement to remove bottlenecks and streamline customer onboarding.

Advisory and Consulting

Compliance Assurance

Automated KYC checks and alerts ensure prompt compliance with regulatory standards.

ServiceNow: Revolutionizing KYC Process with
enhanced features and benefits

ServiceNow's process optimization is a game-changer in the KYC process, with its key features and benefits being designed around
enhancing customer satisfaction, maintaining regulatory compliance, and reducing operational costs.

Advisory and Consulting

Integration with External
Data Sources

This feature enables a fast and secure connection with primary databases and credit bureaus. The immediate data validation speeds up the KYC process, improving customer satisfaction.

Advisory and Consulting

Customer Interaction Tracking

By implementing a comprehensive tracking system of customer interactions during the onboarding process, ServiceNow guarantees a smooth customer experience. This also helps identify areas needing optimization, further boosting satisfaction rates.

Advisory and Consulting

Dynamic Workflow Adaptations

ServiceNow ensures optimal efficiency and regulatory compliance by swiftly adjusting workflows to real-time process changes. This minimizes the risk of regulatory penalties and cuts operational expenses by eliminating redundancies and manual interventions.

Get in touch with our team of experts.

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