CASE STUDY
Digital Transformation for BIL Suisse
Enhanced compliance and digitalisation for BIL Suisse, streamlining over 15 processes.
Digital
Transformation for
BIL Suisse
Transformation for
BIL Suisse
Enhanced compliance and digitalisation for
BIL Suisse, streamlining over 15 processes.
BIL Suisse, streamlining over 15 processes.
Phased implementation for efficient transformation
Centralized rule and document management
Improved workload efficiency
Our Client
BIL Suisse, a subsidiary of Banque Internationale à Luxembourg, offers private banking services, including cross-border Wealth Management. They sought to enhance digitalisation in their compliance processes.
THE CHALLENGE
Limited Digitalisation in Compliance
Processes
Processes
BIL Suisse needed to increase digitalisation in their compliance processes, including
KYC reviews, onboarding, account closings, client exits, and prospect pre-checks.
KYC reviews, onboarding, account closings, client exits, and prospect pre-checks.
Limited Digitalisation
in Compliance Processes
in Compliance Processes
BIL Suisse needed to increase digitalisation in their compliance processes, including KYC reviews, onboarding, account closings, client exits, and prospect pre-checks.
Enhancing Digitalisation
BIL Suisse required a tool to digitalise front and compliance processes, aiming to streamline KYC reviews, onboarding, account closings, and client exits.
Improving Efficiency
The existing manual processes were time-consuming and prone to errors. The bank needed a solution to automate and centralize document management.
Facilitating Compliance
Ensuring compliance with complex rules and regulations was challenging. BIL Suisse needed a system to manage rules and documents centrally for better compliance.
THE SOLUTION
Centralized Digital
Compliance Platform
Compliance Platform
Atfinity implemented a phased digital transformation solution,
focusing initially on onboarding and KYC, providing a
solid foundation for future enhancements.
focusing initially on onboarding and KYC, providing a
solid foundation for future enhancements.
Centralized Digital
Compliance Platform
Compliance Platform
Atfinity implemented a phased digital transformation solution, focusing initially on onboarding and KYC, providing a solid foundation for future enhancements.
Centralized Rule Management
Atfinity serves as the central repository for rules and documents, freeing up support teams from the burden of knowing all compliance rules.
Automated Document Handling
Managing all documents centrally allows for efficient distribution. Physical documents are scanned and automatically attached to the correct case.
Digital Flow Automation
A fully digital flow automates expensive checks, ensuring received documents are complete. This frees up specialists to perform more critical tasks.
THE RESULTS
Streamlined and Efficient
Processes
Processes
BIL Suisse now benefits from a solid digital foundation, enhancing their
business processes and workload efficiency, positioning them for long-term
success.
business processes and workload efficiency, positioning them for long-term
success.
Streamlined and
Efficient Processes
Efficient Processes
BIL Suisse now benefits from a solid digital foundation, enhancing their business processes and workload efficiency, positioning them for long-term success.
Enhanced Digitalisation
The phased approach has provided BIL Suisse with a robust digital foundation, enabling future process improvements.
Improved Efficiency
Centralized rule and document management have streamlined processes, reducing manual work and improving efficiency.
Compliance Facilitation
The automated system ensures compliance with regulations, freeing up specialists to focus on more material checks.
Transform Your Compliance
with Atfinity
with Atfinity
Contact us for a demo and see how Atfinity’s digital solutions can enhance your compliance
processes, ensuring efficiency and regulatory adherence.
Transform Your
Compliance with
Atfinity
Compliance with
Atfinity
Contact us for a demo and see
how Atfinity’s digital solutions can
enhance your compliance
processes, ensuring efficiency
and regulatory adherence.