Solving workflow management and risk monitoring
Facing critical operational and compliance exposure from Excel-driven processes, this Tier 1 bank adopted Genesis’s Credit Insurance Application (CIA) to build a governed, auditable, and fully automated solution – delivered in just weeks.
The challenge
Our client is a leading corporate and investment bank in South Africa.
They relied on spreadsheets for P&L reconciliation – a key process tied to revenue accuracy and risk oversight. This method lacked:
- Version control
- Audit trails
- Workflow governance
Errors could lead to financial misstatements or regulatory issues – and internal IT lacked capacity to build a replacement.
How did Genesis help
Genesis delivered CIA with a set of enhancements to meet the bank’s specific needs with a four-month deadline.
The out-of-the box product provided them with a workflow management and risk monitoring solution to improve team efficiency and reduce operational risk.
Key features included:
- Insured product types
- Real-time exposure tracking
- Premium payment schedule
- Policy event management
Project highlights
Why this bank chose Genesis
Want to eliminate operational risk?
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