Process Automation Revolutionizing End-To-End Processes In The Banking Industry
The global market for Robotic Process Automation (RPA) is growing tremendously. According to a recent report by Fortune Business Insights, the global RPA market size is projected to be worth USD 6.81 billion by the end of 2026. Process Automation is a way to automate simple, repeatable tasks that are otherwise performed manually.
RPA: Optimising People, Processes And Productivity
In an increasingly saturated banking and financial sector, it has become imperative for banks and other financial institutions to continuously evolve, remain competitive and provide excellent user experiences to their customers.
Efficient Digital Customer Onboarding: A Key To Empowering Banks
A vast majority of banks will inevitably witness a shift from physical to digital channels, mostly web and mobile. This will result in huge consequences for how they do business. Effective digital sales capabilities and streamlined, end-to-end digital origination processes will start to play an integral part as banks plan their digitization strategy.
Financial Crime: How Financial Institutions Can Reduce The Risks And Strengthen Compliance In The Digital Economy
In the digital age of banking, concerns about financial crime are not uncommon. PwC’s Global Economic Crime and Fraud Survey 2020 reported that 47% of companies experienced fraud in the past 24 months. Although it is necessary for financial institutions to continue moving forward with digital transformation, they must take into account the risks they face along the way.
COVID-19 And Its Impact On Financial Institutions
The COVID-19 pandemic has greatly affected daily life and slowed down the global economy. It has affected a number of industries and banking institutions have also taken a big hit. The outbreak has even brought about a change in consumer behavior like never before.