Banco Popular relies on Bizagi BPMS to solve
a burning process issue in just 6 weeks
Rapid delivery for responsible sale of real-estate repossessions;
two further processes bring visibility and transparency for 400 users
About Banco Popular
Banco Popular Español is the fourth largest banking group in Spain. In 2014, the bank sold 51% of its Estate Services subsidiary, Aliseda, to two funds for €815 million: a move made possible by the bank’s ability to demonstrate the time and cost savings achieved through process automation.
Synopsis
The recent economic downturn left banks such as Banco Popular with a burning problem: how to dispose of toxic assets quickly and legally - while also delivering a fair deal for homeowners.

Entrusting Bizagi and EY with real estate assets worth €12,000m, Banco Popular developed a series of high-energy process initiatives. In 24 weeks, Bizagi created a total 4 processes that together allow the bank to buy, approve, sell and instigate judicial proceedings for its entire property portfolio.

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