- Collection process
- Data extraction, processing, and migration
- Lending process
- Monitor and assess credit risks
- Credit card processing
- Fraud analysis and alert case management
- Account payable and receivables
- General ledgers
Robotic Process Automation is a revolutionary technology poised to revolutionize the banking, finance, and accounting industries. RPA automates a wide array of repetitive and manual tasks, freeing employees to focus on more strategic and value-added activities.
%201.png?width=44&height=44&name=rpa(2)%201.png){kind=small}
Of banking processes can be automated
%201.png?width=44&height=44&name=save-money(6)%201.png){kind=small}
Enterprise have saved >1 million from automation
%201.png?width=43&height=43&name=robot(6)%201.png){kind=small}
Financial firms have established AI+RPA in their operations
We automate repetitive and time-consuming processes to help you keep your clients contented and employees happy. Here's what we automate:
Robotic process automation (RPA) is a powerful tool that can help financial services businesses automate repetitive tasks, improve accuracy, and reduce costs. RPA software robots can mimic human actions to perform tasks such as data entry, data extraction, and process automation.
Here are some of the most common use cases for RPA in financial services:
RPA can automate the tedious and error-prone task of loan underwriting, including data entry, document verification, and risk assessment.
RPA can monitor transactions for suspicious activity and automatically trigger alerts or initiate investigations.
RPA can automate tasks such as report generation and audit log tracking to help businesses comply with complex financial regulations.
RPA can categorize high-risk accounts, and flag any suspicious activity based on the set business rules and business logic.
RPA can automate the closure of inactive accounts, such as credit and debit cards.
RPA can group and prepare loans for securitization, which can help to reduce costs and improve efficiency.
RPA can prioritize incoming customer inquiries and route them to the appropriate team members.
RPA automates KYC processes, like customer data verification, customer risk assessment, and customer information screening.
RPA bots can collect data from multiple sources, validate it, format it in a clear and concise way, and automatically send reports to stakeholders.
RPA can automate the ACH stop payment process, which can help businesses prevent any fraud transactions from being processed.
RPA can automate the reconciliation of accounts and transactions, which can help to improve accuracy and reduce the risk of errors.
RPA can automate payroll tasks, such as employee record updates and payroll payment processing.
Our team of seasoned technologists, RPA consultants, and business analysts work together with certified RPA developers to deliver solutions that are tailored to your organization's unique needs and goals.
Our Automation is built on a foundation of compliance with ISO, SOC, and all applicable regulations
We offer competitive rates for RPA automation, helping you maximize ROI from the development phase.
Our competent RPA developers dwell with technical knowledge and business expertise.
We do what we are best at - Robotic process automation is our passion and core competence.
How does Telecloud save 750+ man-hours per month in accounting with RPA bots? Telecloud is a US-based company operating in the telecommunication sector. They specialize in providing enterprise-level telecom services like business internet VoIP(voice over internet protocol) to hardware and software integrations to businesses across the US.
Creating Women's Empowerment App That Is Helping Indian Women Fight Gender-based Violence. The client wished to build an application that enables the victims and their families to reach out to authorities, Support Groups, and legal bodies to seek counsel. They aimed to create a safe and inclusive place for the survivor of gender-based violence. A digital space that empowers the victims and their families with information and resources to make informed choices & assist them in their recovery.
Building An On-demand Automobile Servicing Application That Enables Users to Book Services On The Go. ALJ already had a web portal allowing customers to locate their service stations and make bookings. But since the majority of the work was managed manually, it led to challenges like double booking, delayed updates, dead time, and slow operations creating dissatisfaction among their customers. They wish to streamline the entire process for car service stations & car repair shops across the Middle East to enhance customer experience.
Have a question in mind? We are here to answer.
How can you help us optimize project costs?
We can help you optimize the project cost of your financial software development project. We do this by:
How RPA helps in account payable?
What is the future of RPA in banking and finance?
