Streamlining BFSI Operations and Services using BPO
BFSI sector is increasingly leveraging BPO services to handle their day-to-day tasks , reduce costs, and streamline operations . Thus, various support and core functions such as customer support, data entry, claims processing, loan origination, underwriting, risk management, and others are outsourced to third party vendors or service providers. This enables the Banking, Financial Services, and Insurance (BFSI) services to focus on other important core tasks and business operations. Thus, a wide range of functions and official operations can be outsourced. These include customer onboarding and KYC, loan processing, document verification, fraud detection, risk management, customer support, credit card processing, and other services in the banking sector. The financial services sector outsources wealth and asset management, data entry, report generation, financial analytics, payroll processing , trade settlement, and other services. The insurance sector leverages BPO services...