Case Study: Continental European Bank achieves 65% cost savings in LIBOR transition with EvoluteIQ

Continental European Bank - Customer Case Study

A continental European bank faced the significant challenge of transitioning over 10,000 legacy LIBOR contracts before the 2021 deadline. To manage this complex task, the bank partnered with EvoluteIQ to leverage its intelligent business automation platform.

EvoluteIQ implemented a solution using its pre-built enterprise connectors and digital workflows to orchestrate efforts across Legal, Risk, Compliance, Operations, and Business teams. This approach resulted in the successful transition of 10,000 contracts with a 96% accuracy rate and achieved 65% cost savings for the bank's LIBOR transition program.