Overview
Islamic loan processing requires precise tracking of MT 202/103 fund messages and compliance with finance rules. INNOIRA automated the end-to-end flow to eliminate delays.
Business Challenges
1.
Manual tracking of incoming fund messages created bottlenecks
2.
Risk of incorrect or delayed fund credit initiation
3.
High-volume Islamic financing operations required consistency
Solution Implemented
BOT automatically tracks MT 202/103 fund messages
Extracts required information and credits NCA accounts accurately
Rules-based processing ensures compliance with Islamic finance requirements
Impact Delivered
95%
Accuracy
High accuracy in processing and credit initiation
400%
Productivity
Four-fold increase in throughput
20 minutes
Turnaround Time
Significant reduction in processing time