b1BANK and Covecta announced a strategic partnership to deploy agentic AI across the bank’s day to day workflows. The collaboration focuses on streamlining and automating repeatable, policy-driven activities across core deposit and loan operational processes, reducing manual effort and operational friction so that teams can devote more time towards higher value-adding work including analysis, exception handling and customer engagement.
Covecta’s agents will embed into b1BANK’s existing workflows performing structured, policy-aligned assessments and presenting clear, well-referenced outputs that are easy for operations and risk teams to review. These specialized agents are engineered to enhance accuracy, operational efficiency, and customer outcomes while ensuring compliance with rigorous standards and company-specific policy requirements.
Covecta’s approach to strengthening auditability and consistency while supporting higher throughput across loan and deposit operations is evident in the 50% productivity uplift reported by its United Kingdom-based clients. This improvement reflects the effectiveness of Covecta’s technology solutions, which enhance operational efficiency and streamline processes, ultimately benefiting both clients and their account holders.
Covecta’s partnership with b1BANK is centered around a connected set of use cases rather than a single point solution, initially focusing on automating repeatable, policy-driven activities within core deposit and loan operational processes and extending across various stages of the operational lifecycle to collectively elevate assessment quality and promote strong data integrity, consistency and control over the full lifecycle of deposit and loan activities.
Because Covecta’s agents will either be integrated or embedded within the bank’s existing systems and processes, there is no need to migrate off an existing platform. This will allow b1BANK to move from contractual agreement to go-live in eight weeks, transforming the way innovation is deployed across the company.
“We selected Covecta because they offer purpose-built agents that carry deep banking domain expertise right out of the box,” said Jude Melville, Chairman and CEO, b1BANK. “Instead of spending months on custom development, we can deploy agents that already understand the complexities of our workflows and policies. This allows our teams to immediately focus more of their energy on relationship building, complex decision-making and strategic growth, while AI agents handle the repetitive checks and reconciliations that have historically created bottlenecks.”
“We are excited to work with b1BANK as they take a lifecycle view of AI across their enterprise,” said Scott Wilson, Co-founder and CEO at Covecta. “By starting with high-value controls like post close review and extending into upstream and downstream use cases, we are focused on delivering measurable improvements in capacity, quality, and transparency for their operations.”
