Case Study: a large institutional bank achieves 40% productivity gains with Persistent Systems automation

Leading APAC bank achieves 40% productivity gains with automation

A large institutional bank in the APAC region was facing significant productivity challenges due to manual, paper-based trade supply chain operations. These labor-intensive processes consumed valuable employee bandwidth, hindering strategic decision-making. To address this, the bank partnered with Persistent Systems for an automation solution.

Persistent Systems implemented its innovative “text-AI” framework, which utilized AI and machine learning to automate data extraction from documents and integrated with the bank's legacy systems. This solution, which ensured compliance with industry standards, achieved a 92% accuracy rate in data extraction. The bank realized a 40% improvement in productivity, slashing transaction processing time from 30-45 minutes down to just 7-8 minutes.