Kritesh Kaushal

Strategy and Business Development Associate

Constantly changing rules and policies by the RBI (Reserve Bank of India) make maintaining compliance in banks very challenging. Demands around KYC (Know Your Customer), AML (Anti-Money Laundering) and internal audits are increasing, and manual processes are not enough to keep the banks up to date with these changes. Hence, there is a need for an enterprise automation tool that helps these financial institutions manage rules and automate decision-making—without decreasing the bottom line or increasing the IT workload.

A no-code business rule engine in banking becomes the go-to solution. It allows teams to check for compliance by defining, testing, and deploying rule-based workflows without writing a single line of code. This puts control in the hands of business users, enabling financial enterprises to streamline compliance processes while reducing risk and operational effort.

RBI Compliance needs to followed by banks

Eliminating Dependency on Dev Teams to Define Rules

A no-code framework enables business teams to create and manage rules for applications such as:

1. KYC and customer onboarding
2. Checking against sanction lists
3. Credit scoring and flagging for enhanced due diligence

No-code applications like Lexium BRF are specially built for non-technical users, enabling rule changes to be done quickly in response to updates from the RBI or internal policy modifications.

Automated Customer Onboarding and Sanction List Screening

Manual and repetitive checks leave room for error and cause delays, ultimately reducing customer satisfaction. Automating them is the way forward. Examples include:

• Automated customer screening during onboarding using logic for ID verification, global watchlist checks, and credit scoring
• Flagging risks and alerting compliance teams as soon as risk thresholds are breached
• Routing exceptions for manual review to ensure regulatory requirements are met

Financial institutions can use BRF to increase speed and consistency in compliance by standardizing how rules are applied across operations.

Enterprise BRF Integration with Legacy Banking Systems

A good Business Rule Engine can integrate easily with legacy systems and scale. APIs can be used to connect to customer databases, document verification tools and case management systems. As the customer base grows, so does the transaction volume. These financial enterprises, hence, need a BRF that can easily scale up without any performance issues.

Other important features in a BRF could be:

1. A visual rule builder for business users
2. Automation of rule validation and testing
3. Audit logs and version history
4. Role-based access control and other secure access management features

Features like these ensure that the compliance teams can respond quickly to changes by eliminating dependency in the dev teams

Benefits for finance and compliance teams:

Banks and other financial enterprises that use BRF experience several benefits, such as:

• Quick onboarding of customers
• Reduced workload for compliance teams
• Increased accuracy by reducing errors and missed checks
• Up-to-date audit logs for improved readiness

In this constantly changing regulatory environment, a flexible and easily adjustable BRF is the way to move forward. A no-code BRF allows banks to quickly adapt to these changing rules without increasing complexity.

Bring the control back to business teams

Conclusion: Streamlining Compliance with No-Code Solutions

Compliance is foundational to maintaining customer trust and ensuring long-term operational success in the banking industry. Yet, it’s also one of the hardest aspects to maintain due to the volume of manual tasks.

That’s where BRF comes in—by automating key compliance functions, reducing risk, and helping financial enterprises stay ahead of regulatory changes.

A no-code BRF puts decision-making power into the hands of business users, eliminating dependency on dev teams and enabling faster, more accurate responses.

Banks using low-code/no-code platforms report:

• Up to 50% cost reduction on IT overhead
• ROI ranging from 150% to 300%
  Source: CredAble

Ready to empower your compliance team and stay ahead of RBI regulations?
Start implementing a no-code business rule engine and unlock speed, agility, and control—without sacrificing compliance.