Many invoices still arrive as paper documents, and there is little to no document standardization. Therefore, accounts payable remains a notoriously monotonous process that requires a lot of mindless copy-pasting. Build a branded online account opening form that embeds on your website and is fully mobile-optimized. New customers will love how quickly they can apply for an account without having to fuss with physical paperwork or tricky PDF files. Use features like Invisible reCAPTCHA and data encryption to protect customer data and provide an extra layer of security.

One seemingly simple task involved human employees distributing received payments for credit card debts to correct customers. Even such a simple task required a number of different checks in multiple systems. Tedious and repetitive account reconciliation is a perfect candidate for RPA-enabled transformation.

Banking software development

When it comes to global companies with numerous complex processes, standardizing becomes difficult and resource-intensive. In many cases, leaders struggle to achieve consensus on how to standardize in the best way possible. However, mostly everyone can agree on automating the process, even if they disagree on how to run it.

Chat with one of our automation pros to see how OpCon can put more time back in your day (and reduce those frustrating, costly manual errors). Other banking operations like credit and debit card operations and wealth management are strong contenders for automation. Automated bank workflow management is the way forward for progressive banking institutions looking to build strong customer relationships. Since Societe General Bank Brazil incorporated RPA for report generation into their processes, they automated a workflow that previously demanded six hours of employees’ working days. Our team deploys technologies like RPA, AI, and ML to automate your processes.

Benefits

As is true for every institution, banks need to evolve under pressure from changing circumstances. We think automation offers a path to optimizing banks’ infrastructure — so they can not only survive in a highly competitive market, but actually increase both customer and employee satisfaction levels. In this course, you’ll gain an overview of the past and the future of banking. We’ll explain why Intelligent Automation is the most optimal solution for common contemporary challenges and offer case studies demonstrating how automation addressed these critical problems. Finally, you’ll read predictions of market changes and future investment opportunities.

• Cflow is intuitive workflow management software that is an end-to-end banking process automation platform.
• Like CGD, KAS Bank carefully explored RPA use cases, conducted multiple proofs of concepts, and only then engaged in the enterprise-wide implementation.
• Reduce regulatory compliance backlog by implementing RPA solutions and overcoming regulatory compliance challenges and issues.
• In many cases, banks are reluctant toward KYC automation, because the cost of revamping a well-established web of many connected, yet disparate systems is often unjustifiable.
• This is great for listing branch locations, loan officers, loan offerings, and more.
• Banks struggle to raise the right invoices in the client-required formats on a timely basis as a customer-centric organization.

Technology is being used by asset and wealth managers to drive alpha generation and distribution, allowing banks to offer AI-driven investment strategies which maximise returns. Itexus did strong project management work, too, a necessity in such a complicated project. Our developed products meet the most stringent financial regulations, feature numerous frictionless integrations, and tackle the exact problem our clients are facing. Do more with the only end-to-end process analytics platform built to transform your entire business. In times like these, marked by lower interest rates, economic slowdown, reduced staff, and a rise in loan modifications and forbearances…the backlog of loan files for lenders will become overwhelming…

Step 3: Loan Documentation, eSignature, and Storage

Even customers who enjoy in-person banking expect a truly omnichannel banking experience, where they can seamlessly switch between physical and digital channels. Our experts are ready to help improve your financial close process solutions. Simplify your close processes with financial close automation software that work to solve any problem, no matter how complex. Instead of waiting for mistakes and their possible consequences to happen, your organization can drastically reduce the number of errors, imbalances, and more by automating the balance sheet reconciliation process.

The scope of streamlining key institutional healthcare processes goes beyond just eliminating paperwork or reducing the amount of time it takes to process, file, or store a form. By supporting your teams, bridging system gaps and assisting patients, our Emerging Technology Pods can deliver high-impact solutions for provider groups, treatment networks, and third-party revenue cycle managers. Build powerful new processes with cognitive capture AI, capable of processing complex bank documents and unstructured financial data.

Mortgage loan processing

At Hitachi Solutions, we specialize in helping businesses harness the power of digital transformation through the use of innovative solutions built on the Microsoft platform. We offer a suite of products designed specifically for the financial services industry, which can be tailored to meet the exact needs of your organization. We also have an experienced team that can help modernize your existing data and cloud services infrastructure. Customers want to get more done in less time and benefit from interactions with their financial institutions. Faster front-end consumer applications such as online banking services and AI-assisted budgeting tools have met these needs nicely. Banking automation behind the scenes has improved anti-money laundering efforts while freeing staff to spend more time attracting new business.