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How AI Decision-Making is Improving Enterprise Outcomes

How a Large Regional Bank Improved Regulatory Compliance to More than 90%

The Beinex Model Enabled for the Client

55+ Risk compliance control scenarios automated

Resulted in a 20-30% increase in productivity.
Reduced human errors by 70-80%.
Ensured consistent and reliable execution of processes.

Delivering Beinex Excellence to Our Clients

The client, one of the esteemed corporate banks in the UAE, offering personal, business, and Islamic banking services, required a continuous monitoring system to identify compliance breaches, fraudulent activities and operational inefficiencies and generate reports in real-time.

Automated 55+ banking-focused risk compliance control scenarios, eliminating the need to approach data analysts.

Managed 20K+ transactions per day (600K+ transactions per month) on a live basis rather than manually analysing hundreds of transactions on a daily basis.

Enhanced regulatory compliance to provide a safer and trustable banking environment for the customer.

Results in Terms of Number

Transforming Challenges into Success Stories

Before Beinex

After Beinex

Manually handled regulatory compliance, which was time-consuming and prone to errors.

Regulatory Compliance

Automated regulatory and compliance requirements, improving it to more than 90%.

Manually analysed hundreds of transactions on a daily basis.

Transaction Analysis

Automated transaction analysis, handling 600K+ transactions per month on a live basis.

Relied on manual calculations to analyse cheque returns and generated reports manually.

Reporting

Automated the end-to-end process, addressing all scenarios from scratch to reporting.

Audit team relied on one person for all data tasks.

Data Dependency

Automated almost every scenario, eliminating the need to approach data analysts.

Auditors lacked visibility into data, sifting through multiple data marts for exceptions.

Data Visibility

Centralised all processes into a single platform, ensuring complete automation.

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AI & ML Solutions
End-to-end Automation
Fraud Detection
Regulatory Excellence

From Challenges to Solutions

Resolving Complex Issues with Precision

Gap between the audit team and the data

Implemented automated workflows and data pipelines.
Encapsulated workflows and pipelines into applications with an intuitive interface for auditors.

Lack of continuous monitoring

Deployed advanced Continuous Control Monitoring tools.

Limited technical expertise to access data

Automated the end-to- end processes, enabling the audit team to run auditing and perform data analysis independently.

Limited data literacy

Trained the audit team through comprehensive data analysis programs.
Implemented intuitive dashboards for easy data interaction.

No technology to support the entire population

Implemented a scalable and robust data processing infrastructure capable of handling large volumes of transactions.

Delays and accuracy issues entailing the manual way of working

Automated the end-to- end internal auditing process, from data collection to reporting.

Powering Success

The Crucial Role
of Technology

End-to-end Automation using Alteryx

Employed Alteryx to automate the complex end-to-end processes and scenarios specific to the banking industry, from data extraction to reporting, empowering the client to surpass the challenges inherent in manual approaches. Alteryx leverages its advanced capabilities to streamline and optimise internal auditing processes, enhancing operational efficiency and driving strategic decision-making. With Continuous Control Monitoring, Alteryx enabled real-time monitoring, mitigating risks promptly and proactively.

Client Spotlight

What Our Clients Say

"Working with Beinex has been transformative for our operations and data management. We struggled with detecting and flagging data reconciliation issues and security breaches and manually created dashboards from Excel files.

Beinex seamlessly implemented dashboards, helping us monitor performance, customer response, activities and KPIs. We now have automated data reconciliation with 99% accuracy and an efficient workflow for handling security breaches."