Automating deposit protection: How CIB Flow is digitizing the crisis process for Swiss banks
When a bank gets into difficulties, every day counts. Swiss depositor protection requires that secured deposits of up to CHF 100,000 are paid out within 7 working days. This is almost impossible to achieve without automated processes. This article shows how the end-to-end process can be mapped using CIB Flow as a workflow engine - from the master file extract to the evidence pack.