Streamlined solutions for banks and credit unions
Banks and Credit Unions often leverage legacy back-office systems for many daily and large, mission-critical tasks. Many of these tasks require complete accuracy and can be rather mundane for workers. Nintex allows banks to significantly accelerate key processes without having to completely rebuild their IT infrastructure. Banks can also quickly automate their SBA-PPP loans, onboarding, and loan forgiveness application processes.
Adapt to evolving financial and regulatory challenges
Quickly reduce regulatory compliance backlogs
Reduce compliance operations costs and meet regulatory requirements faster than ever with fewer resources. Streamline your Anti-Money Laundry (AML) and Know Your Customer (KYC) compliance process and reduce manual errors to zero.
Improve operational efficiency
A wide range of repetitive and manual tasks, such as data migration due to acquisitions, data reconciliation, bad-debt write-offs or report generation can all be completed by RPA bots that can work much faster than humans and 24 hours a day, seven days per week.
Save money & improve employee satisfaction
RPA can cut admin costs by as much as 80% – saving banks tens of millions of dollars per year and helping them avoid costs of outsourcing or investing in temp staff for data entry. RPA can free up time to focus on customer service and other high-value work.
Banking and loan processing
When the U.S. Treasury implemented the Paycheck Protection Program (PPP) during the COVID-19 pandemic, banks felt the need to act fast to make these loans available to customers. The Nintex Process Platform provides customized, automated solutions to quickly onboard, process, and submit loans for SBA approval.
Remote deposit capture approvals
Remote deposit capture (RDC) requests that are manually reviewed and approved by call center staff means fewer requests get processed and less time is dedicated to fielding customer calls. Leverage Nintex RPA to automate approvals, free up your employees’ time, and expedite the process for your customers.
Financial data processes
Automate mass banking processes and eliminate the need for manual data entry and re-entry. Leverage Nintex RPA to automatically merge and populate data across systems and perform repetitive tasks such as card issuance and re-issuance, interest rate changes, and fee assessment.
Streamline the lending process
Communication between bank branches is streamlined with paperless digital processes. Nintex workflows help reduce inaccuracy while improving efficiency. From loan applications to identity verification, automated processes deliver better customer outcomes, faster.
"I don’t know how many people and how much money it would have taken to close that volume of loans without Nintex—and I’m glad we didn’t have to find out."– Aaron Nation VP and Chief Data Officer, Red River Bank