Ospyn Technologies to Help Federal Bank Accelerate Process Automation
Ospyn Technologies, incubated in the Technopark, has landed a major work order from the Federal Bank, whereby OspynDocs software will be deployed to accelerate the automation of bank processes.
Ospyn was integrated to automate and speed up processes such as loan document verification, loan origination, deduplication verification and inter-office communications at Federal Bank, a spokesperson for the Federal Bank said here. society.
AI and ML capabilities
The OspynDocs digital platform to accelerate the business automation process and create a centralized document management system. It consists of standard modules such as document management, business process management and multi-channel content capture system and is equipped with capabilities based on artificial intelligence (AI) and machine learning (ML).
Prasadu Varghese, Managing Director and CEO of Ospyn Technologies, said this would be a key added value for the Federal Bank, as the software offers instant automation in accordance with regulatory standards. The platform will improve process automation and operational efficiency as well as improved customer experience, he added.
Creation, quick configuration
Kishore Kumar, Director and CTO of Ospyn Technologies, said the platform’s low-code capability enables faster business automation through the rapid creation and configuration of process-centric solutions. OspynDocs helps build composable apps, which will be the future of digital transformation, he said.
Launched in 2000, Ospyn Technologies provides digital transformation solutions to governments, banking and financial institutions, healthcare and educational institutions. It provides an enterprise software solution to transform an organization’s paper-based and disconnected processes into digital ones. The company has a growing customer base in India, the Middle East and Africa.
April 19, 2022