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Cybersecurity & Privacy - Security Compliance
Finance & Insurance
Leasing Finance Automation
Machine to Machine Payments
ANZ Bank, one of the top 50 banks in the world and the fastest-growing bank in Indonesia, was facing a challenge with its rapidly increasing transaction volume. The bank's existing business processes and workflow were becoming overwhelmed. Like most banks in Indonesia, ANZ was manually handling document submission and verification. Customers filled out paper loan applications and supporting documents, then delivered them to bank branches by mail or courier. Branch officers traveled to the bank’s headquarters or used postal mail, email, and phone calls to submit loan documents for verification. Lost or inaccurate documents created more emails and phone calls. Additionally, ANZ had to adhere to strict verification and financial regulations, including the Foreign Accounts Compliance Act. This act requires that all banks outside the United States provide key information about U.S. clients, including citizenship validation, to the Internal Revenue Service–a complex yet crucial process.
ANZ provides a range of banking and financial products and services to 10 million customers in 34 markets globally. With a workforce of 50,000 employees, ANZ is among the top four banks in Australia, the largest banking group in New Zealand and Pacific, and among the top 50 banks in the world. ANZ Bank needed to replace its manual processes for retail and institutional operations with a scalable, standardized solution that provided workflow transparency, electronic collaboration, and document storage to better serve its customers and meet international regulations.
To streamline their business processes across day-to-day transactions and meet compliance requirements, ANZ chose Nintex partner Ebiz Cipta Solusi. The solution was to automate authentication, approval, and compliance processes based on existing Microsoft SharePoint and SQL Server installations, with the addition of Nintex Advanced Workflow and Modern Forms. With Nintex Advanced Workflow and Modern Forms for SharePoint, ANZ automated and streamlined multiple complex workflows across its operation. The bank uses Nintex to manage account services transactions for retail and institutional operations. Liabilities, wealth transactions, and mortgage loan transactions are now securely executed through Nintex, leveraging the security features of SharePoint to ensure data security. Customer requests are automatically routed to the right recipients, and custom collateral is automatically created for customers. Nintex also supports ANZ’s Know Your Customer (KYC) verification process and ATM service operations.
With the implementation of Nintex Advanced Workflow and Modern Forms, ANZ Bank has seen significant operational improvements. The bank's operations are now streamlined, automated, scalable, and future-proofed. The automation of processes has helped scale operations and reduce risk. The bank now has a standardized solution that provides workflow transparency, electronic collaboration, and document storage. This has not only improved the bank's ability to serve its customers but also its ability to meet international regulations. The bank has also seen improvements in document verification and compliance, with the automation of the Know Your Customer (KYC) verification process and ATM service operations.