Banking Process Management - Streamlining Financial Services with Karma Global
In today’s dynamic market, banks and financial services (BFS) companies face numerous challenges and opportunities, given the disruptive nature of the industry and strict regulatory measures. To ensure their global competitiveness and success, many BFS companies partner with Karma Global, a leading firm specializing in digitization and automation for back-office operations in the banking sector.
Karma Global serves as a comprehensive solution provider, catering to various aspects of the banking domain, including corporate banking, trade finance, direct banking, global trade services, and retail assets & liabilities. Leveraging cutting-edge technologies, the company offers banking and financial process management services, incorporating commercial off-the-shelf (COTS) products and its proprietary innovations such as robotic process automation (RPA), intelligent document processing (IDP), artificial intelligence (AI), machine learning (ML) algorithms, and intelligent workflows.
Through Karma Global’s expertise, banking and financial service enterprises can seamlessly automate a wide range of processes, regardless of their complexity, by utilizing intelligent technology solutions in various combinations. The company empowers its clients to gain full control and awareness, enabling them to monitor and eliminate money laundering and fraudulent activities within their transactional ecosystem.
Advantages of Karma Global's Services:
30+ years of Banking Process Management Experience
- With a rich history in the industry, Karma Global brings a wealth of knowledge and expertise to the table.
Expertise in International and Domestic Markets
- The company is proficient in delivering intelligent solutions tailored to meet the unique needs of banking and financial services enterprises across both international and domestic markets.
6.5 Million Accounts Processed Per Year
- Karma Global boasts an impressive track record, processing millions of accounts annually, ensuring efficiency and reliability.
End-to-End Automation Projects
- Karma Global has successfully implemented automation projects, spanning point solutions to comprehensive end-to-end automation models across geographical boundaries.
99.99% Accuracy at Form Level
- Precision and accuracy are paramount, and Karma Global excels in ensuring compliance with statutory regulations on time.
Audit Trails with High Visibility and Traceability
- Transparency is key, and Karma Global provides audit trails with high visibility and traceability, ensuring accountability.
50% Reduction in Average Transaction Handling Time
- By automating processes, Karma Global has contributed to significant reductions in data processing time and enabled cost savings year on year.
Banking Process Management Offerings
New Business
- Karma Global assists in automating and digitizing the account origination process, reducing the risk of manual errors, and streamlining the account opening experience for customers.
- The company's advanced technology solutions also aid in automating KYC processes for enhanced efficiency.
- Savings accounts
- Current accounts
- Term deposit or certificate of deposit accounts
- WebTrade accounts
- Demat accounts
- NRI accounts
Account Maintenance
- Efficiency is the focus when it comes to handling service requests, KYC process management, and compliance.
- Karma Global's proprietary suite of next-generation technology solutions facilitates document capture, intelligent document processing, archival, retrieval, and output management.
- Service Requests
- Re KYC
- Compliance
- Email Support
- C KYC
Loans & Mortgage
- To streamline the lending process and reduce transaction costs, Karma Global offers customized loan management solutions, integrated process management, workflow analytics, and mobility solutions in the loans and mortgage space.
- Personal Loans
- Home Loans
- Vehicle Loans
- Term Loans
- Gold Loans
- Agricultural Loans
- Credit Card
- Line of Credit