Nintex
Case Studies
Accelerating Bank Processes with IoT: A Case Study of Landsbankinn
Overview
Accelerating Bank Processes with IoT: A Case Study of LandsbankinnNintex |
Application Infrastructure & Middleware - Event-Driven Application Cybersecurity & Privacy - Security Compliance | |
Finance & Insurance Retail | |
Human Resources Quality Assurance | |
Leasing Finance Automation Time Sensitive Networking | |
System Integration | |
Operational Impact
The implementation of Nintex K2 Five has significantly improved Landsbankinn's operational efficiency. The automation of loan authorizations and the introduction of digital signatures have not only sped up processes but also improved information security and reduced paper usage. The bank can now track the status of any loan application at any time, providing greater transparency. The automation of HR processes has made it easier for the HR team to manage requests and has increased employee confidence in the process. Lastly, the bank has strengthened its regulatory compliance, ensuring all processes adhere to relevant regulations and protecting the bank from potential breaches. | |
Quantitative Benefit
Reduced time to complete loan authorizations by 80% | |
Reduced financial process completion time to 1 day | |
Ran 25,000 workflows in the first two months | |