Automation in
Banking, Financial Services & Insurance
Streamline complex processes and ensure compliance with Robotic Process Automation.
The Banking, Financial Services, and Insurance (BFSI) industry is a complex industry that handles large volumes of data and numerous daily transactions.
With a constantly changing regulatory landscape and the need for data privacy, the industry is challenged to maintain efficiency while ensuring accuracy and compliance.
~80%
Source:
Streamline complex processes and ensure compliance with Robotic Process Automation.
The Banking, Financial Services, and Insurance (BFSI) industry is a complex industry that handles large volumes of data and numerous daily transactions.
With a constantly changing regulatory landscape and the need for data privacy, the industry is challenged to maintain efficiency while ensuring accuracy and compliance.
~80%
Source:
Our CEO discusses The Power of AI-Driven Automation
Learn more from Shameiz Hemani as he explains how AI-powered automation is enabling the BFSI industry to achieve new levels of operational efficiency.
Our CEO discusses The Power of AI-Driven Automation
Learn more from Shameiz Hemani as he explains how AI-powered automation is enabling the BFSI industry to achieve new levels of operational efficiency.
CFOs Use Automation Across Finance
With the rise of digital technologies and the need to reduce costs, finance leaders are finding innovative ways to improve operational efficiency, compliance, and customer experience.
Reduce errors and streamline processes:
- Loan Processing
- Customer Onboarding
- Claims Processing
Reduce the risk of non-compliance:
- Customer Due Diligence
- Sanctions Screening
- Fraud Detection
Provide faster and more efficient customer service:
- Account Opening
- Fund Transfers
- Dispute Resolution
Free up resources and reduce operational costs:
- Data Entry
- Data Processing
- Report Generation
CFOs Are Using Automation Across Finance
With the rise of digital technologies and the need to reduce costs, finance leaders are finding innovative ways to improve operational efficiency, compliance, and customer experience.
Reduce errors and streamline processes:
- Loan Processing
- Customer Onboarding
- Claims Processing
Reduce the risk of non-compliance:
- Customer Due Diligence
- Sanctions Screening
- Fraud Detection
Provide faster and more efficient customer service:
- Account Opening
- Fund Transfers
- Dispute Resolution
Free up resources and reduce operational costs:
- Data Entry
- Data Processing
- Report Generation
Business Use Cases
The BFSI industry covers many processes across Consumer and Commercial Banking, Capital Markets, and Insurance. Automation can benefit all of these use cases and more.
| Consumer Banking | Commercial Banking | Capital Markets | Insurance |
|---|---|---|---|
| Customer Onboarding | Account Reconciliation | Investment Portfolio Management | Claims Processing |
| Account Opening | Financial Reporting & Analysis | Securities Trading & Settlement | Policy Underwriting & Issuance |
| Fund Transfers | Fund Transfers | Market Data Management | Policy Renewal & Endorsement |
| Credit Card Processing | Negative News Screening | Trade & Transaction Reporting | Claims Adjudication & Settlement |
| Loan Origination | Cash Management | Trade Matching & Confirmation | Risk Assessment & Management |
| Payment Processing | Fraud Detection | Securities Borrowing & Lending | Portfolio Valuation & Pricing |
| Customer Service & Support | Audit & Compliance Reporting | Market Surveillance & Compliance | KYC – Entity Identification |
Business Use Cases
The BFSI industry covers many processes across Consumer and Commercial Banking, Capital Markets, and Insurance. Automation can benefit all of these use cases and more.
| Consumer Banking | Commercial Banking | Capital Markets | Insurance |
|---|---|---|---|
| Customer Onboarding | Account Reconciliation | Investment Portfolio Management | Claims Processing |
| Account Opening | Financial Reporting & Analysis | Securities Trading & Settlement | Policy Underwriting & Issuance |
| Fund Transfers | Fund Transfers | Market Data Management | Policy Renewal & Endorsement |
| Credit Card Processing | Negative News Screening | Trade & Transaction Reporting | Claims Adjudication & Settlement |
| Loan Origination | Cash Management | Trade Matching & Confirmation | Risk Assessment & Management |
| Payment Processing | Fraud Detection | Securities Borrowing & Lending | Portfolio Valuation & Pricing |
| Customer Service & Support | Audit & Compliance Reporting | Market Surveillance & Compliance | KYC – Entity Identification |
Ready to start automating?
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AUTOMATE YOUR ENTERPRISE
Explore the limitless potential of automation in your organization.
Scaling your automation program doesn’t mean you have to deprioritize small-scale automations. Citizen Development is the solution.
Finance & Accounting processes are rule-based, repetitive, and time-consuming – a great candidate for RPA! Streamline processes and reduce errors with automation.
Human Resources is a great candidate for RPA. With standard documentation, data-critical tasks, and spikes in volume, RPA improves speed and accuracy.
