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Explore expert perspectives on industry transformation, emerging technologies, and business innovation. Stay ahead with insights from WNS thought leaders.

Customer Stories

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ALM Media, LLC

Josh Gazes, Senior Vice President – Operations

British Gas

Jess Johnson, Head of Operational Excellence

Mosaic Insurance

Mitch Blaser, Co-CEO

Mosaic Insurance

Krishnan Ethirajan, COO

Oxford Nanopore Technologies

Jason Hendrey, Senior Director, Global Customer Services

WS Audiology (WSA)

Christof Steube, Director of Finance Excellence

Kiwi.com

Leonard McCullie, Director, Vendor Management

Kiwi.com

Petra Reiter, Vice President, Customer Services

Flight Centre

Aaron Fadelli, Business Leader

Healius Pathology

Alex Cook, Head of Finance Operations

Varo Bank

Breanna Rivers, Partner Performance Manager

Yorkshire Building Society Group (YBS)

Jessica Lockwood, Process Automation Manager

WS Audiology (WSA)

Sharang Patil, Director of Group Finance Excellence

Priya Madan Mohan, VP for Group Accounting & Controlling

United Airlines

Chris Kenny, VP and Controller

GFG Alliance

Phillip Irish, General Manager, Shared Services Delivery, Quality & Governance

Energy Australia

Steve Corden, Outsource Operations Leader

Delaware North

Christopher Lozipone, Senior Vice President and Global Business Services Head

Moneycorp

Nick Haslehurst, Chief Financial & Operating Officer

Prodigy Finance

Nico Barnard, Head of Operations

M&T Bank

Chris Tolomeo, Senior VP & Head of Banking Services

Minerals Technologies Inc. (MTI)

Khem Balkaran, CIO

Church's Chicken

Louis J. Profumo, CFO & EVP

Banking Major Streamlines Compliance with Low-code Automation

Read | Nov 29, 2023

AUTHOR(s)

A WNS Perspective

Key Points

The demand for comprehensive financial crime and compliance solutions is increasing alongside the proliferation of data and technology. Therefore, Banking and Financial Services (BFS) companies are actively exploring cost-effective and customer-centric banking compliance automation solutions. A low-code automation platform in banking can accelerate these digital transformation initiatives, enabling rapid application development and optimizing operations.

Recognizing the potential benefits of hyperautomation in delivering streamlined and cost-effective processes at scale, a multi-national bank aimed to transform its compliance function. WNS-Vuram collaborated with the company to establish a low-code center of excellence, advancing low code process automation in banking through a robust library of cloud-based applications that consistently delivered measurable results.

Read our infographic below for more information.

FAQs

1. How can low-code automation improve compliance operations in banking?

Low-code automation helps banks streamline compliance workflows, automate regulatory reporting and improve visibility across governance and risk management functions. By reducing manual intervention and integrating fragmented compliance processes, banks can accelerate issue resolution, strengthen audit readiness and improve operational efficiency. WNS helps financial institutions modernize compliance ecosystems through low-code transformation, AI-powered workflow orchestration and intelligent governance frameworks.

2. Why are banks investing in low-code and AI-driven compliance transformation?

Banks are facing increasing regulatory complexity, rising compliance costs and growing pressure to improve operational agility while maintaining strong governance standards. Traditional compliance processes often rely on disconnected systems and manual workflows that slow decision-making and increase operational risk. WNS enables banks to modernize compliance operations through AI-enabled low-code platforms that improve scalability, transparency and regulatory responsiveness.

3. How do AI and intelligent automation strengthen regulatory compliance and risk management?

AI and intelligent automation improve compliance by enabling continuous monitoring, automated controls management and real-time risk intelligence across banking operations. Intelligent systems can proactively identify anomalies, streamline investigations and improve the accuracy of compliance reporting and governance processes. WNS combines deep banking expertise with advanced AI, analytics and automation capabilities to help institutions build proactive and resilient compliance ecosystems.

4. What operational challenges can low-code compliance transformation solve for financial institutions?

Low-code compliance transformation helps financial institutions address challenges such as fragmented regulatory workflows, delayed reporting cycles, inconsistent controls management and limited process visibility. Integrated automation ecosystems improve collaboration, governance and operational resilience across risk and compliance functions. WNS enables banks to transition from reactive compliance models to connected, insight-driven and continuously optimized governance ecosystems.

5. Why should banks partner with WNS for compliance automation and low-code transformation?

WNS combines deep banking and regulatory compliance expertise with advanced low-code, AI, analytics and intelligent automation capabilities to help financial institutions modernize compliance operations at scale. From workflow automation and controls monitoring to governance transformation and regulatory reporting optimization, WNS enables banks to improve compliance efficiency, reduce operational risk and build future-ready banking operations aligned with evolving regulatory expectations.