Minute of ICIL-tek Presentation to Bank Al Habib

                              

            Minutes of Presentation Meeting with BAHL

     Robotic Process Automation by ICIL Technologies Ltd

 

 

                Participants 

                              

                               Bank AL Habib

 

• Ali Raza Nisar                     GM Head of Core Banking
• Shahid Abbas                     DGM Centralized Operations
• Syed Ali Zia                         DGM Compliance
• Moazzam Kazmi                Trade
• Bilal Saeed
• Ali Khan

 

                                ICIL Technologies Ltd

                                     

• Yasser Mufti         
• Tahir Zaidy             GM
• Saim Ahmed         Product Head     

                          Artificial Intelligence 

 

                Discussion 

         

      Yasser Mufti briefed BAHL participants about ICIL Technologies ( www.iciltek.com )and its Associated Companies (www.icilpk.com )  . Siam of ICIL-tek-Artificial Intelligence Team  gave a brief about Robotic Process Automation , intelligent Automation  & Agentic Automation and difference between them . Siam showcased some use cases undertaken by ICIL Technologies Ltd.

                            

1.  Bank Al Habib Ltd's Representatives Clarification / Requirement

 

• Mr. Moazzam confirmed that TBML solution acquisition is pending and that SBP has issued new quidelines widening the scope of the service, however Tradesun solution is not viable as it is Cloud based and BAHL Information security team has raised objection.

 

• Bank Al Habib Representatives  suggested following uses and asked how RPA would automate them

 

1. Start of Day Process: The process was described on a very high level.

 

( ICILtek confirmed that this is a an ideal case as this process is very manual, high volume, repetitive and requires no intelligence)

 

2. Account reconciliation: BAH representative describe the process of Account reconciliaition and how given some data the reconciliation is done.

 

( ICILtek confirmed that again this is possible as system integration is integral feature of the RPA process.)

 

3. Swift Message Screening: BAH representative inquires of RPA will be able to extract information from Swift messages and run a screening process.

 

( ICILtek confirmed that information extraction whether in structured format or unstructured format is a key features of the Robotic Process Automation Solution.)

 

4. AML Screening

 

• Watchlist pertaining to new accounts: Mr. Syed Ali Zia Rizvi described the whole process of AML screening and how labour intensive the process is requiring judgement.

 

• Screening based on list  updation

 

( Yasser Mufti confirmed that RPA can be trained to keep a eye on the list and run screening based on any particular list updation.)

 

• Screening and Settlement of Transaction Monitoring Alerts: Mr. Syed Ali Zia informed that he has a team of 160 for settlement of alerts.

( Yasser Mufti confirmed that BOT can be trained to undertake this function  and if not entirely  reduce number of deployed HR from 160 staff to 0 , it can at least bring it to a number which make deployment of BOT economical)

 

4. BAHL Team inquired about the efficiency of the RPA BOT in terms of Load balancing.

 

2. ICIL Technologies Ltd's Representative Reply / Solution

 

• Saim confirmed that based on Complexity ,  RPA BOT specially "Agentic Automation" creates a team of BOT

 

• Saim showcased the "Intelligent Document Extraction Solution" which uses latest AI technology to extract data from unstructured documents.

 

• ICIL Team has confirmed above that Robotic Process Automation Solution can  be used for ;

 

!- Start of the Process

                  2- Account Reconciliation

                  3-Swift Message Screening

                 4- All AML Screening

 

• Saim also  showcased the Solution which ICILtek developed which "Monitors Incoming Mails, "Extract Data" then "Access web Portal" using Credentials Search Report and make "Summary of Report."

 

• ICIL Technologies's Robotic Process Automation for  Monthly Reporting (As per SBP Circular NO.DCS.MFS./2024-87841)

 

1. Core Banking System based' flow of Funds (A03),

 

2. Cross Institution Financial Assets/Liabilities(A04),

 

3.  Deposits (A05)

 

4      Loan (A07) Data

 

3. Conclusion

         

It was  mutually agreed that ICIL Technologies Ltd  & BAHL will  jointly  evaluate the use of  ICIL RPA Solution  for Monthly Reporting based on BAHL data  by first installing A03 (Core Banking System based' flow of Funds )

  

• ICIL Technologies Ltd  will discuss all the mapping parameters and then configure the system to generate the  format A04.

 

• Once BAHL is satisfied ,  BAHL and ICIL Technologies  will discuss the Commercial aspect of implementing the whole RPA Solution for  all the SBP required Monthly Reporting  i.e., A04, A05, A07

 

                 ICIL Technologies as BAHL's Robotic Process Automation Partner

 

• After implementing Robotic Process Automation Solution of  Monthly Reporting  Solution , ICIL Technologies Ltd  will work to develop  RPA Solution for others areas as identified by BAHL( 1,2,3,4)  mentioned above

 

• .  After studying Entire BAHL System in detail to use Robotic Process Automation , ICIL Technologies Ltd  will develop prototype as usecase

 

• .  Based on  ICIL Technologies proposal ,  BAHL will evaluate ICIL Technologies Ltd  as a Automation Partner for all the usecases.

 

 

 

 

 

Yasser Mufti│ Chief Executive│ICIL Technologies Pvt Ltd│URL: www.iciltek.com│Email: yasser@iciltek.com│Cell: +92 334-3111596│Ph: +92 21 35246551-8  Ext. 206│Skype: yasser_adil