RPA in Banking
Reimagining Banking Operations with Robotic Process Automation
RPA in Banking and Financial industry (BFSI) is deployed to eliminate manual, data-sensitive tasks so that financial institutions can provide better customer service and reduce the burden of regulatory compliance. It helps financial institutions automate and streamline their operations to acquire more customers and strengthen existing relationships.
Use Cases of RPA in Banking
Customer Service
Respond to customer queries in real-time and decrease turnaround time to seconds.
Compliance
Improve productivity and eliminate errors to enhance the quality of the compliance process.
Accounts Payable
Quickly extract vendor information using OCR, validate it, and process payments
Credit Card Processing
Validate the customer information background and credit checks to approve or reject applications.
Fraud Detection
Track all transactions and highlight any suspected fraud transaction pattern in real-time.
KYC Process
Validate customer data and perform necessary checks with minimal errors and employees.
Generate Reports
Integrate data from multiple legacy systems to create accurate reports in minimum time.
Account Closure Process
Send automated notifications for sending necessary document submissions for account closure.
With Nuummite Banking, you can.
Benefits of RPA in
Banking
1
Cost Efficiency
Cost savings and higher compliance with timely fraud detection.
4
Customer Satisfaction
Increases customer satisfaction by decreasing business response time.
2
Enhancement
Increases operational efficiency with bots sending emails and scraping documents.
5
Infrastructure
Leverages existing infrastructure without the need for expensive APIs.
3
Agile Responsiveness
Creates an agile business that quickly responds to customers’ needs.
6
Swift Implementation
Faster implementation for effective business transition.
Watch the
Bot In Action
RPA Implementation In F&A
As more and more finance leaders turn towards robotic process automation to stay competitive, this on-demand webinar will show you how automating rule-based repetitive tasks can help your team focus on more strategic projects.
Let Nuummite Consulting Help
Nuummite Consulting is leading RPA implementation partner in the Middle East that can help banking and financial institutions overcome the top three automation challenges:
- Automate unstructured data
- Let customer-facing functions efficiently handle automation
- Automate processes with attended, unattended, or hybrid bots.
We work closely with our clients to identify, implement, and deliver on RPA projects that eliminate manual errors, increase productivity, and ensure higher compliance.
