Marginalen Bank Harnesses Automation to Shrink the Cost of Compliance

Please Try a Different Browser

You are using an outdated browser that is not compatible with our website content. For an optimal viewing experience, please upgrade to Microsoft Edge or view our site on a different browser.

If you choose to continue using this browser, content and functionality will be limited.

8 Hours/Day

Saved by automating security checks

13

Key business processes streamlined

GDPR

Compliance accelerated by rapid, automated reporting

Know-your-customer (KYC) controls are crucial for banks to ensure regulatory compliance and minimize risk of fraud, but manual processes can reduce efficiency and raise costs. Marginalen Bank is using Kofax RPA™ to automate due diligence security checks on all loan applicants—saving 16 hours of manual work per day.

"Kofax RPA has transformed our KYC process. With a Kofax RPA robot performing fraud detection checks, we can rest assured that any high-risk loan applicants will be flagged instantly."

Thomas Holmstrom

Solutions Manager, Marginalen Bank

About Company

Marginalen Bank offers online and telephone banking to 200,000 customers across Scandinavia. Founded in 2010, the bank employs 300 people and is headquartered in Stockholm, Sweden.

WWW.MARGINALEN.SE

Products

Kofax RPA

Focus

Robotic Process AutomationKnow-Your-Customer (KYC)Compliance ManagementCustomer OnboardingFraud PreventionWeb Data ExtractionGDPR