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BANCOR undergoes process-driven transformation with ARIS
BANCOR, a public financial institution in Argentina, was facing challenges due to its reliance on manual business processes. The rapidly changing banking industry and the need to document regulatory compliance were among the issues the bank was grappling with. The absence of a bank-wide process map and the need to integrate new customer-facing products were also significant challenges. The bank's systems were stuck in the past, with 98% of its processes documented in paper manuals and cumbersome instruction documents. This lack of system automation was causing inefficiencies, hindering staff efficiency, risking non-compliance with auditors, and making it harder to keep up with ever-shifting banking regulations.
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