RPA solution for Block-Unblock Process
The Central Bank of Bahrain recently issued a circular concerning the strict adherence to the SLA to enable blocking and unblocking process for the banks and insurance companies. Failure to adhere to the SLA will result in heavy penalties for the BFSI companies. In order to manage the huge volume of accounts that the banks have to block and unblock, they have started adopting emerging technologies like RPA to automate and enhance the process.10xDS has helped several banks in the region with RPA solutions to help them adhere to CBB rules and we are currently developing these solutions for many more banks in the region. RPA is a non-invasive technology that can work on top of any core banking systems and can significantly enhance the process enabling quicker turnaround time.