Objective

• CSA renegotiation and update in system involves significant time and cost effort
• Existence of different formats of physical documents results in increased upload time 
  

CRISIL's solution

• Build an automation tool to enable CSA update from physical documents into the system
• The tool will perform the following utilizing text analytics techniques:
  
  • Gauge information in physical CSA documents and extract that information in the desired format
  • Perform data quality, completeness and accuracy checks through controls embedded in the automation process
  • Upload documents in different file formats into the bank's systems
  • Send update to downstream systems to start further processing once upload is completed
    

Client impact

• Automation will improve the accuracy and efficiency of the CSA updation process drastically
• The tool will help realize significant cost and time savings by automating the manual work required in scanning the physical documents and updating the information in the systems
  

Questions

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