Improving Customer Experience through Process Automation: A Case Study on Jyske Bank

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Jyske Bank, one of Denmark’s largest banks, was facing challenges in adhering to strict anti-money laundering regulations and fraud prevention practices. These regulations added pressure on banking processes and the employees who worked to ensure compliance. The bank was also striving to provide a frictionless user experience to its customers, freeing them from tedious and repetitive forms and tasks. The bank was required to perform a fraud-prevention process known as 'Know Your Customer' under the regulation of the European Banking Authority and the Danish Financial Supervisory Authority. This process created several extra steps and tasks for customers, eroding their experience while generating additional administrative work for employees.

Jyske Bank is one of Denmark’s largest banks, serving more than 600,000 customers. The bank has expanded through mergers and organic growth. It operates in a highly regulated environment, with strict anti-money laundering regulations and fraud prevention practices. The bank is committed to providing a frictionless user experience to its customers, while also ensuring compliance with international regulations. Jyske Bank performs the Know Your Customer process for more than 20,000 customers, aiming to provide a better customer experience and efficient handling of tasks.

To manage the process more efficiently and minimize the impact on customers, Jyske Bank turned to process automation. They built a process where customers could provide the bank with the necessary information through a self-service channel, combined with sufficient automated and manual control to ensure data quality. Camunda was chosen to power this process, orchestrating all the necessary information to the customers with electronic or physical letters, and following up on customers who didn’t respond or didn’t wish to participate. Information received from the self-service channel was then directed to the relevant employee, providing efficient handling through user tasks, alongside automatically updating relevant back-office systems. Camunda empowered Jyske Bank to model, design and orchestrate each step of the Know Your Customer process precisely.

• The implementation of Camunda has significantly improved the customer experience at Jyske Bank. The process has become much more efficient for the employees, automating tasks that were previously manual and freeing them from keeping track of the processes. The bank has gained full control and transparency for each response. The platform renders external reports, lists or spreadsheets unnecessary as everything is stored and handled within the process. The bank has also gained visibility into process performance, with management kept up-to-date on progress at all times. The information from the Know Your Customer process is used to plan the resources involved in verifying the gathered data. The bank is now planning to expand the process to gather information on ‘advanced clients’, such as corporate entities.

• Efficient handling of user tasks and automatic updates in relevant back-office systems

• Up-to-date view on the process performance

• Employees save up to 80% of the time previously spent on manual tasks