SOLUTIONS FOR BANKING & FINANCE

Transcription

1 SOLUTIONS FOR BANKING & FINANCE

2 A MODERN SOLUTION FOR THE BANKING INDUSTRY Even in the digital age, the banking and finance industry generates an enormous amount of paperwork every day. Many institutions feel pressured to find vendors promising quick results but regret their choice when poor storage practices and lax security lead to lost or stolen records. Enter Ripcord, the world's first robotic digitization company, which uses next-generation tools to revolutionize any organization s record keeping.

3 Regulatory Compliance With Ripcord s digitization service, ensuring chain of custody is a breeze. Our robots account for each record multiple times during the digitization process and once on Ripcord s platform, Canopy, so users can track all activity associated with a record. Every record has chain of custody data to verify authenticity, and powerful analytics reports make it easy to confirm adherence to compliance policies. On the platform, users can quickly set retention policies with automatic notifications when a record is cleared for disposition and can even flag a file to be automatically archived once cleared. Holistic LDAP/AD integration provides quick permission settings, along with role-based access controls to specify who can view, download, share, comment on or modify records. Loan and Trust Document Management Lending and trust activities require the creation of complex records packages that require a huge effort to manage manually. Ripcord s AI-enabled smart digitization service learns an organization s data requirements to automatically classify records based on their content. Consider loan packages, which contain a variety of documents, from the loan application to IRS information, insurance forms and more. Ripcord can automatically categorize each document according to its place in the package and flags a package when it detects incomplete or missing components.

4 Bank Consolidation, Mergers and Acquisitions Any merger or acquisition requires a costly and time-intensive consolidation of both parties records stores, making for a complex and error-prone endeavor. Ripcord s smart digitization service uses robots to quickly digitize paper records, while AI-enabled software automatically categorizes and centralizes those records, verifying compliance with new records management practices along the way. All records are additionally tagged with powerful new metadata, so they are easily accessible and searchable in the future. Secure Service Traditional records solutions rely too much on insecure warehouses filled with cardboard boxes and wandering human hands, making it impossible to maintain a truly secure records database. In contrast, Ripcord relies on innovative robotics technology to take human error and risk out of the equation. Robots don t collude, can t share information and can t steal. Security is enforced platform-wide, with encryption at rest and in transit. SSO/LDAP integration and role-based access controls further strengthen security measures, and automatic alerts notify key personnel whenever set security rules are broken. At the end of the digitization process, secure document destruction is included at no extra cost, complete with a certificate of destruction.

5 About Ripcord Ripcord, the world s first robotic digitization company, uses sophisticated automation and software to provide customers with a secure, fast and all-inclusive digitization solution at low, predictable prices. Ripcord s mission is to help customers free their trapped data. Ripcord now has records under management from Fortune 100 companies and global institutions. THE FUTURE OF RECORDS MANAGEMENT sales@ripcord.com