Showing posts with label bpo. Show all posts
Showing posts with label bpo. Show all posts

Wednesday, 24 August 2016

Why Banks opt for Tab Banking?

Why Banks opt for Tab Banking

Offering a collaborative, electronic process can meet your customer’s expectations and evoke a sense of loyalty. This can translate into greater customer retention and wallet share. Whether a customer is opening a new account, applying for a credit card or making an account change, tablets offer an interactive way for customers and representatives to complete a transaction.

From ICICI to the HDFC, every major bank in India offers tab banking. Although tablets are considered mobile devices, they have a place in a bank’s multiple business channels, including the branch. In fact, tablets could close the gap between the customer’s satisfaction rating and the bank’s perception of their service. In addition to improving customer service and potentially appealing to a broader audience, tablets offers a wide array of benefits to the banks, such as,

Going Paperless: By adopting an e-process that includes electronic signature capabilities, there’s no need to print and waste papers. The process is totally electronic from start to end, saving banks the cost associated with managing papers.

Multichannel Support: The same tablet application can be used in-branch, in-field and even by customers in the comfort of their own home. A similar process across multiple environments makes a bank’s multichannel strategy a reality while contributing to a better customer experience.

Collaborative Process: Instead of a stiff customer/representative interaction, tablets promote collaboration. 

Tablets are versatile devices that banks uses as leverage to improve the customer experience and benefit the organization by implementing paper-free, efficient processes.



Guidelines to make outsourcing in Insurance well structured.

IRDAI - Regulator Insurance Regulatory and Development Authority of India, has proposed outsourcing regulations for insurance companies operating in India, under which they can take services of individuals for activities such as medical examination, investigation of claims, and recovery. As per the exposure draft, every company should put in place a comprehensive board approved the outsourcing policy. In considering or renewing an outsourcing arrangement, an insurer should subject the agency to appropriate due diligence, the regulator said in the proposed IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, 2016. “The insurer shall satisfy itself that the outsourcing agency’s security policies, procedures, and controls will enable the insurer to protect confidentiality and security of policyholder information,” according to the draft.           The new norms have been welcomed by the industry, as it will help regularize the outsourcing. As a better structured outsourcing mechanism can be put in place adhering to these rules. “The proposed regulations are trying to give a more structured and better shape to outsourcing activities by clearly defining core and non-core activities,” Puneet Sahni, Head-Product Development, SBI General Insurance, adding that the new norms will “positively” impact business processes and customer interests.          The proposed rules will bring more accountability, as outsourcing relationships will be governed by written agreements that are legally binding for a specified period. That clearly describe all material aspects of the outsourcing arrangement, including the rights and responsibilities of all parties.

IRDAI - Regulator Insurance Regulatory and Development Authority of India, has proposed outsourcing regulations for insurance companies operating in India, under which they can take services of individuals for activities such as medical examination, investigation of claims, and recovery. As per the exposure draft, every company should put in place a comprehensive board approved the outsourcing policy. In considering or renewing an outsourcing arrangement, an insurer should subject the agency to appropriate due diligence, the regulator said in the proposed IRDAI (Outsourcing of Activities by Indian Insurers) Regulations, 2016. “The insurer shall satisfy itself that the outsourcing agency’s security policies, procedures, and controls will enable the insurer to protect confidentiality and security of policyholder information,” according to the draft.
   
The new norms have been welcomed by the industry, as it will help regularize the outsourcing. As a better structured outsourcing mechanism can be put in place adhering to these rules. “The proposed regulations are trying to give a more structured and better shape to outsourcing activities by clearly defining core and non-core activities,” Puneet Sahni, Head-Product Development, SBI General Insurance, adding that the new norms will “positively” impact business processes and customer interests.

The proposed rules will bring more accountability, as outsourcing relationships will be governed by written agreements that are legally binding for a specified period. That clearly describes all material aspects of the outsourcing arrangement, including the rights and responsibilities of all parties. 

Tuesday, 21 June 2016

Archis Services for Compliance Monitoring and Reporting

 compliance solutions


With modification in existing regulations and addition of new ones, financial institutions are faced with a host of challenges in keeping abreast of these changes. There is an immediate need of putting in place an effective and dynamic compliance framework that is responsive to market and regulatory development. Archis Business Solutions’ Compliance and Regulatory team provides expert assistance on regulations and compliance and provides a comprehensive compliance framework to customers.
For companies to stay relevant, process and system enhancements are required to cope with the increasing demands. We ensure accuracy and punctual information transfer to assist our customer in staying relevant. With Archis’ services, companies can roll out innovative products without being tied down by regulatory implications or disclosure requirements.

Our Compliance and Regulatory team is comprised of technicians and professionals with 30+ years of broad ranging experience of providing effective solutions to financial institutions. Leveraging on our insightful knowledge and deep understanding of the regulatory requirements within the financial services industry, we are able to assist you in understanding and responding to increased challenges that banks and other financial institutions face in the regulatory regime.

Wednesday, 27 April 2016

Document Digitizing and its Advantage


 Converting paper document into digital format is known as Document digitizing. By converting your documents into digital formats, you can preserve your documents. Services allied with such conversion work are termed as Document Digitizing Services. Any kind of document or data, right from texts, images, audio, video, can be digitized and converted into:
  • A digital format such as text, html, xml, pdf, doc, xls, giff, jpeg, tiff and mdb amongst others
  • Any media such as CD, tape, or Zip disk
Further, digitized documents can be shared with anyone, irrespective of the geographical location, through data sharing mediums like Internet, FTP, VPN, and Telnet.
















Advantages of document digitizing
 There are many benefits of shifting to digitized documents. Digital documents and data are:
  • Easy to preserve
  • Easy to store, retrieve and update
  • Easy to clone
  • Quickly accessible
  • Easy to share and transport
  • Compatible with all modes of digital data transfer