Case Study: Altair achieves automated banking and insurance processing with SoluLab's RPA, AI, and blockchain solutions

Altair improves data processing and customer lifetime value with SoluLab

The customer, Altair, faced challenges in the banking and insurance industry, including developing machine-encoded optical character recognition to scan documents, ensuring automatic updates to changing guidelines, and integrating data across disparate systems. To address this, they partnered with vendor SoluLab to implement a robotic process automation solution.

SoluLab developed Altair by analyzing every process stage, creating classified data points, and building data pipelines from scratch. Their approach utilized Python, Blue Prism, and Apache Hadoop to process data in real-time. The solution proactively increased per-customer profitability, improved customer lifetime value by providing a 360-degree overview, and successfully predicted fraudulent claims. SoluLab delivered a program that helped take the client's business to the next level.

Altair