Robotic Process Automation for Banking and Finance Industries
Reduce compliance costs, boost process efficiency and deliver flawless customer experience through smart automation
RPA offers fast results - positive ROI can become apparent in weeks. Thanks to 24/7 process execution, high compliance with regulations, elimination of errors, improved security checks, and more, financial and banking services can be delivered at a lower cost and with higher efficiency, delighting customers. It’s no surprise that over 90% of banks already are or plan to begin accelerating digital transformation across their business services, while over 40% intend to use technology to improve efficiency.
In recent years, global banks have spent over $321 billion in fines for various regulatory failings. With compliance costs making up a large percentage of banks’ overall operating costs, compliance staff may in some cases be as numerous as front-office staff.
Legacy technology can lead to rising costs for banks, through complex systems of dependencies, low efficiency and expensive maintenance. Employees dealing with these issues cannot focus on their most important tasks, causing additional costs. Over 75% of bank executives cite manual processes and outdated systems as a major cause behind slow data handling.
Customer onboarding for financial institutions can take a lot of time, involve a lot of data transcription, and require secure document verification. This makes the process vulnerable to human error, and not very pleasant or convenient for customers.
Set up fast-response security controls, eliminate unauthorized access, and detect security issues before they become a problem.
Take advantage of RPA’s high cost efficiency and fast ROI, saving 25-80% on current operating costs.
Deploy a digital workforce that operates 24/7, 365 days a year, and doesn’t make mistakes.
“RPA can bring true positive change to banking and finance - and it has a very low barrier of entry. RPA solutions require almost no additional IT infrastructure and integrate easily with existing systems. They provide continuous execution, remove human error, simplify scheduling, reduce staff training costs, and much more. On top of that, RPA scales beautifully, which means that it can be introduced in a limited capacity for a test run, then applied to additional processes and workflows as needed.”
Lukasz Chojnowski, CEO at AnyRobot