SlideShare a Scribd company logo
1 of 4
Download to read offline
Robotics in Banking Operations
RPA through a Use Case driven Approach
Productivity is supremely crucial in today’s world and
businesses must ensure quality output to stay healthy in
the competition. They also have the constant pressure of
cost-saving and service optimization. This is precisely where
Robotic Process Automation (RPA) enters the scene.
Today, smart RPA implementation is changing the way banks
and other financial institutions are conducting their business,
solving various challenges surrounding time and accuracy.
Scope of RPA in Banking
RPA Bots for Financial
Transactions
4 Primary Benefits of RPA in
Financial Services
Taking Banking to the Future
About Us
3
3
5
5
6
Contents
1 3
2 4
No IT Infrastructure Changes
or Upgrades
RPA is a low-cost layer that sits
comfortably across all existing
applications. This makes
RPA the perfect add-on for
productivity needs.
Relieves Humans of
Mundane Tasks
Reducing data entry and
mundane tasks reduces the
workload of employees and
motivate them to take up
more complex tasks.
Ease of Change
Banking robots can be tested
and configured to meet the
procedures of any new process
introduced, making them
highly versatile.
Accuracy & Scale
RPA bots can work round the
clock and get all backend
tasks ready for employees to
pick up and serve customers
efficiently.
4 Primary Benefits of RPA in Financial Services
Traditional automation is different from RPA and these 4 benefits specific to RPA bots will highlight why
they are redefining the way financial transactions are carried out across the board.
Taking Banking
to the Future
RPA bots have very little reliance on IT infrastructure and this makes
their implementation and maintenance highly easy. Particularly,
within the banking industry, there has been a marked increase in
the use of automation, focused on bringing down business process
outsourcing. RPA bots are seen as a high productivity, low-cost
alternative to traditional outsourcing practices.
RPA bots mimic human actions to execute tasks with high accuracy
and speed. With RPA implementation, front-end services and
customer experience have taken the forefront, leaving tremendous
scope for backend services to be improved drastically. This, in turn,
helps speed up core processes, enhance productivity and accuracy,
lower costs, and cut down the time to market new offerings.
All rights reserved © 2019 5
Get in Touch!
Join the wave of modernization with Robotics solutions
for all your Banking needs.
510 Thornall Street, Suite 210, Edison, NJ-08837, USA
732-602-2560 X 200	 www.nalashaa.com
Contact Us
Think Simple, Build Powerful
That’s not just a philosophy, it’s our way of life. We are
determined to meet your needs and expectations by
delivering simple solutions; solutions that help you
derive meaningful insights and better outcomes for
your business.
About Us

More Related Content

What's hot

Emerging Technologies in Banking and Finance
Emerging Technologies in Banking and FinanceEmerging Technologies in Banking and Finance
Emerging Technologies in Banking and Finance
amit_singh87
 

What's hot (20)

Supply Chain as a core differentiator: What does digitalization mean to the c...
Supply Chain as a core differentiator: What does digitalization mean to the c...Supply Chain as a core differentiator: What does digitalization mean to the c...
Supply Chain as a core differentiator: What does digitalization mean to the c...
 
Webpay - Payment Gateway Business Plan
Webpay -  Payment Gateway Business PlanWebpay -  Payment Gateway Business Plan
Webpay - Payment Gateway Business Plan
 
Robots in retail banking
Robots in retail bankingRobots in retail banking
Robots in retail banking
 
RPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success StoriesRPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success Stories
 
Redesigning Business Processes: Centralised Operations
Redesigning Business Processes: Centralised OperationsRedesigning Business Processes: Centralised Operations
Redesigning Business Processes: Centralised Operations
 
Delapay - Account Payable Automation Tool - Teaser
Delapay - Account Payable Automation Tool - TeaserDelapay - Account Payable Automation Tool - Teaser
Delapay - Account Payable Automation Tool - Teaser
 
Transforming Procurement
Transforming ProcurementTransforming Procurement
Transforming Procurement
 
Robotic Process Automation in Insurance Industry
Robotic Process Automation in Insurance IndustryRobotic Process Automation in Insurance Industry
Robotic Process Automation in Insurance Industry
 
IT Automation: Rise of the Process Robots
IT Automation: Rise of the Process RobotsIT Automation: Rise of the Process Robots
IT Automation: Rise of the Process Robots
 
Designing the source to-pay process of the future
Designing the source to-pay process of the futureDesigning the source to-pay process of the future
Designing the source to-pay process of the future
 
TECON Company Profile
TECON Company ProfileTECON Company Profile
TECON Company Profile
 
B2B Payments in the Networked Age: How to Reduce Risk, Improve Communication,...
B2B Payments in the Networked Age: How to Reduce Risk, Improve Communication,...B2B Payments in the Networked Age: How to Reduce Risk, Improve Communication,...
B2B Payments in the Networked Age: How to Reduce Risk, Improve Communication,...
 
Online Retail Accounting System
Online Retail Accounting SystemOnline Retail Accounting System
Online Retail Accounting System
 
Embracing Intelligent Automation
Embracing Intelligent AutomationEmbracing Intelligent Automation
Embracing Intelligent Automation
 
5 ideas to Kick-Start Platform Oriented Banking
5 ideas to Kick-Start Platform Oriented Banking5 ideas to Kick-Start Platform Oriented Banking
5 ideas to Kick-Start Platform Oriented Banking
 
Digital strategy for Financial Institutions
Digital strategy for Financial InstitutionsDigital strategy for Financial Institutions
Digital strategy for Financial Institutions
 
Emerging Technologies in Banking and Finance
Emerging Technologies in Banking and FinanceEmerging Technologies in Banking and Finance
Emerging Technologies in Banking and Finance
 
Banks can Implement NFC Payment Choosing between two Options - HCE platform &...
Banks can Implement NFC Payment Choosing between two Options - HCE platform &...Banks can Implement NFC Payment Choosing between two Options - HCE platform &...
Banks can Implement NFC Payment Choosing between two Options - HCE platform &...
 
Game Changer: Why RPA and Cognitive Document Automation Should Be Your Next D...
Game Changer: Why RPA and Cognitive Document Automation Should Be Your Next D...Game Changer: Why RPA and Cognitive Document Automation Should Be Your Next D...
Game Changer: Why RPA and Cognitive Document Automation Should Be Your Next D...
 
CORE banking, a black box explained
CORE banking, a black box explainedCORE banking, a black box explained
CORE banking, a black box explained
 

Similar to Robotics in Banking

RPA robotic process automation in banking.pptx
RPA robotic process automation in banking.pptxRPA robotic process automation in banking.pptx
RPA robotic process automation in banking.pptx
mahendrarm2112
 

Similar to Robotics in Banking (20)

Robotic Process Automation Dubai, RPA Managed Services - Pinnacle
Robotic Process Automation Dubai, RPA Managed Services - PinnacleRobotic Process Automation Dubai, RPA Managed Services - Pinnacle
Robotic Process Automation Dubai, RPA Managed Services - Pinnacle
 
Robotic Process Automation Service in Banking.pdf
Robotic Process Automation Service in Banking.pdfRobotic Process Automation Service in Banking.pdf
Robotic Process Automation Service in Banking.pdf
 
Robotic Process Automation Service in Banking.pdf
Robotic Process Automation Service in Banking.pdfRobotic Process Automation Service in Banking.pdf
Robotic Process Automation Service in Banking.pdf
 
Robotics Process Automation Use Cases.pdf
Robotics Process Automation Use Cases.pdfRobotics Process Automation Use Cases.pdf
Robotics Process Automation Use Cases.pdf
 
RPA robotic process automation in banking.pptx
RPA robotic process automation in banking.pptxRPA robotic process automation in banking.pptx
RPA robotic process automation in banking.pptx
 
Robotic Process Automation Service.pdf
Robotic Process Automation Service.pdfRobotic Process Automation Service.pdf
Robotic Process Automation Service.pdf
 
Robotic Process Automation Service.pdf
Robotic Process Automation Service.pdfRobotic Process Automation Service.pdf
Robotic Process Automation Service.pdf
 
Robotic Process Automation.pdf
Robotic Process Automation.pdfRobotic Process Automation.pdf
Robotic Process Automation.pdf
 
Robotic Process Automation.pdf
Robotic Process Automation.pdfRobotic Process Automation.pdf
Robotic Process Automation.pdf
 
accelerating digital transformation harnessing the power of robotic process a...
accelerating digital transformation harnessing the power of robotic process a...accelerating digital transformation harnessing the power of robotic process a...
accelerating digital transformation harnessing the power of robotic process a...
 
Chazey europe ritz hotel london-shared services roundtable-rpa
Chazey europe ritz hotel london-shared services roundtable-rpaChazey europe ritz hotel london-shared services roundtable-rpa
Chazey europe ritz hotel london-shared services roundtable-rpa
 
Robotic Process Automation Benefits and Importance
Robotic Process Automation Benefits and ImportanceRobotic Process Automation Benefits and Importance
Robotic Process Automation Benefits and Importance
 
10 Impeccable Benefits Of RPA To Skyrocket Your Business Growth
10 Impeccable Benefits Of RPA To Skyrocket Your Business Growth10 Impeccable Benefits Of RPA To Skyrocket Your Business Growth
10 Impeccable Benefits Of RPA To Skyrocket Your Business Growth
 
RPA service in Business.pdf
RPA service in Business.pdfRPA service in Business.pdf
RPA service in Business.pdf
 
RPA service in Business.pdf
RPA service in Business.pdfRPA service in Business.pdf
RPA service in Business.pdf
 
RPA service in Business.pdf
RPA service in Business.pdfRPA service in Business.pdf
RPA service in Business.pdf
 
RPA service in Business.pdf
RPA service in Business.pdfRPA service in Business.pdf
RPA service in Business.pdf
 
What is RPA? A revolution in business process automation
What is RPA? A revolution in business process automationWhat is RPA? A revolution in business process automation
What is RPA? A revolution in business process automation
 
What is Robotic Process Automation – And How Does It Work?
What is Robotic Process Automation – And How Does It Work?What is Robotic Process Automation – And How Does It Work?
What is Robotic Process Automation – And How Does It Work?
 
All the Information You Need to Learn About Robotic Process Automation.pdf
All the Information You Need to Learn About Robotic Process Automation.pdfAll the Information You Need to Learn About Robotic Process Automation.pdf
All the Information You Need to Learn About Robotic Process Automation.pdf
 

Recently uploaded

Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
vu2urc
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
Enterprise Knowledge
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
Earley Information Science
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and Myths
Joaquim Jorge
 

Recently uploaded (20)

Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
Raspberry Pi 5: Challenges and Solutions in Bringing up an OpenGL/Vulkan Driv...
 
Boost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdfBoost Fertility New Invention Ups Success Rates.pdf
Boost Fertility New Invention Ups Success Rates.pdf
 
08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men08448380779 Call Girls In Civil Lines Women Seeking Men
08448380779 Call Girls In Civil Lines Women Seeking Men
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)Powerful Google developer tools for immediate impact! (2023-24 C)
Powerful Google developer tools for immediate impact! (2023-24 C)
 
Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdf
 
08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men08448380779 Call Girls In Friends Colony Women Seeking Men
08448380779 Call Girls In Friends Colony Women Seeking Men
 
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
Bajaj Allianz Life Insurance Company - Insurer Innovation Award 2024
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
Presentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreterPresentation on how to chat with PDF using ChatGPT code interpreter
Presentation on how to chat with PDF using ChatGPT code interpreter
 
IAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI SolutionsIAC 2024 - IA Fast Track to Search Focused AI Solutions
IAC 2024 - IA Fast Track to Search Focused AI Solutions
 
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptxEIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
EIS-Webinar-Prompt-Knowledge-Eng-2024-04-08.pptx
 
[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf[2024]Digital Global Overview Report 2024 Meltwater.pdf
[2024]Digital Global Overview Report 2024 Meltwater.pdf
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
 
Evaluating the top large language models.pdf
Evaluating the top large language models.pdfEvaluating the top large language models.pdf
Evaluating the top large language models.pdf
 
Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024Partners Life - Insurer Innovation Award 2024
Partners Life - Insurer Innovation Award 2024
 
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
04-2024-HHUG-Sales-and-Marketing-Alignment.pptx
 
Artificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and MythsArtificial Intelligence: Facts and Myths
Artificial Intelligence: Facts and Myths
 

Robotics in Banking

  • 1. Robotics in Banking Operations RPA through a Use Case driven Approach Productivity is supremely crucial in today’s world and businesses must ensure quality output to stay healthy in the competition. They also have the constant pressure of cost-saving and service optimization. This is precisely where Robotic Process Automation (RPA) enters the scene. Today, smart RPA implementation is changing the way banks and other financial institutions are conducting their business, solving various challenges surrounding time and accuracy.
  • 2. Scope of RPA in Banking RPA Bots for Financial Transactions 4 Primary Benefits of RPA in Financial Services Taking Banking to the Future About Us 3 3 5 5 6 Contents
  • 3. 1 3 2 4 No IT Infrastructure Changes or Upgrades RPA is a low-cost layer that sits comfortably across all existing applications. This makes RPA the perfect add-on for productivity needs. Relieves Humans of Mundane Tasks Reducing data entry and mundane tasks reduces the workload of employees and motivate them to take up more complex tasks. Ease of Change Banking robots can be tested and configured to meet the procedures of any new process introduced, making them highly versatile. Accuracy & Scale RPA bots can work round the clock and get all backend tasks ready for employees to pick up and serve customers efficiently. 4 Primary Benefits of RPA in Financial Services Traditional automation is different from RPA and these 4 benefits specific to RPA bots will highlight why they are redefining the way financial transactions are carried out across the board. Taking Banking to the Future RPA bots have very little reliance on IT infrastructure and this makes their implementation and maintenance highly easy. Particularly, within the banking industry, there has been a marked increase in the use of automation, focused on bringing down business process outsourcing. RPA bots are seen as a high productivity, low-cost alternative to traditional outsourcing practices. RPA bots mimic human actions to execute tasks with high accuracy and speed. With RPA implementation, front-end services and customer experience have taken the forefront, leaving tremendous scope for backend services to be improved drastically. This, in turn, helps speed up core processes, enhance productivity and accuracy, lower costs, and cut down the time to market new offerings. All rights reserved © 2019 5 Get in Touch! Join the wave of modernization with Robotics solutions for all your Banking needs.
  • 4. 510 Thornall Street, Suite 210, Edison, NJ-08837, USA 732-602-2560 X 200 www.nalashaa.com Contact Us Think Simple, Build Powerful That’s not just a philosophy, it’s our way of life. We are determined to meet your needs and expectations by delivering simple solutions; solutions that help you derive meaningful insights and better outcomes for your business. About Us