INDUSTRY OUTLOOK
broker portal and inputs this data into the core banking platform .
• MBS colleagues can evaluate mortgage applications and conduct necessary searches on the applicant .
• The implementation of new automated processes significantly improved data quality and consistency throughout the business to identify and resolve inconsistencies between core systems .
Based on the initial financial benefits calculations , after deploying SS & C Blue Prism ’ s automated solutions has saved MBS an annual total of £ 226,000 . This has further enabled them to give back more than 10,750 working hours a year to its employees , empowering them to concentrate on various aspects of their roles within the building society .
Jack Lavington , RPA Manager at Monmouthshire Building Society , said : “ Since implementing SS & C Blue Prism ’ s automation solutions , we have seen huge success across the society . The key benefit of the platform has been the reduction of risk , the management of inaccuracies and errors , and most importantly , the increased capabilities offered when utilising automation . Our colleagues are now confident in placing their trust in the automated platforms and are benefitting from the assistance and additional hours gained to focus on more complex tasks within the business ,
The building society has also improved the management , quality and accuracy of its broker input data , from 45 % to 95 % by adopting the intelligent automation platform .
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