RPA helps banks and accounting departments. All their repetitive manual processes are automated. This allows bank employees to focus on other activities and the thus the bank gains competitive advantage.
All routine time-consuming banking operations are automated and organized. RPA has been adopted significantly in the banking sector, for making this possible.
RPA has abundant and diverse applications for BFSI segment. This frees up valuable manpower to work on supplementary tasks. Few of these processes include:
- Customer Service
- Compliance
- Accounts Payable
- Credit Card Processing
- Mortgage Processing
- Fraud detection
- KYC
- General Ledger
- Report Automation
- Account Closure Process
- Account Origination & Receivable
- Surrender
- Collection
- Underwriter Support
- Deposits & many more…