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European Bank Accelerates KYC Processes with Automation from Tungsten

88%Faster data collection

1000sOf hours saved per week

CutsCompliance risks

This bank used Tungsten RPA™ to automate data gathering processes linked to Customer Due Diligence (CDD) and Know-Your-Customer (KYC) checks. Today, the bank can complete data-collection work that once took roughly 13 minutes in under 90 seconds on average, saving thousands of hours a week. Faster, more complete customer investigations reduce costs and the risk of regulatory non-compliance.

Focus

Know-Your-Customer (KYC), Regulatory Compliance

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European Bank
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Kofax RPA has completely transformed the way that we manage CDD and KYC investigations.
Spokesperson
European bank

About Company

This European bank offers a full range of products and services to retail, private and corporate clients.

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