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Robotic Process
Automation in
Financial Services
Robotic Process Automation (RPA) has
garnered immense popularity in financial
services firms. It has become the early
champion of the digital labor technology.
Evolution of Digitization
10-20 %
30-50 %
70-80 %
80-90 %
90 %
Touchless Transactions
Many companies are actively considering
RPA and AI as the next step in technology.
Industry Experts Opinion
Business Benefits
Boosts productivity with minimal process change.
Brings an easy to calculate ROI.
Fresh alternative to the big spend of typical business
process management programs (BPM).
RapidValue is a leading provider of end-to-end mobility, omni-channel, IoT, RPA and cloud solutions to enter-
prise worldwide. Armed with a large team of experts in consulting, UX design, application development,
testing along with experience delivering global projects, we offer a range of services across various industry
verticals. RapidValue delivers its services to the world’s top brands and Fortune 1000 companies and has of-
fices in the United States, the United Kingdom and India.
+1 877.643.1850 contactus@rapidvaluesolutions.com www.rapidvaluesolutions.com
© RapidValue Solutions
Use Cases - Banking
Use Cases - Insurance
Lead Generation Operations
Represents top area to implement RPA
Leslie Willcocks
Professor, London School of Economics
RPA is a promising new development in business
automation that offers a potential ROI of 30% – 200% in
the first year.
Kevin Kroen
Partner Financial Services Advisory, PWC
Digital labor is giving financial institutions a
once-in-a-generation opportunity to push a next
generation discipline around business process
efficiency.
Most of the
companies are here
ERP eCommerce Self-Service RPA AI
Operational Accounting
General Accounting
Processing, Reconciliations,
Intercompany transactions
Financial and
External Reporting
Planning, Budgeting
and forecasting
Treasury Process
Digitization of paper mail
Customer Billing
Fraud Detection
Reporting
F&A : Travel & Expenses
Processing, Accounts Payable
Policy Servicing
Mortgage Servicing
Claims Servicing
Lead Reporting
KYC
Loan / Policy
Eligibility Check
Account Opening
Procurement Generate PRs,
POs, Invoices, Vendor masster data
20%
15%
25%
40%
Telecom / IT
Others
Manufacturing
BFSI
Top Reasons to Deploy RPA
37%improvement in insurers’
earnings through automation.
21%of companies will realize savings on
administrative compliance costs.
Source: Insurance Times, Intelligent Insurer and Global Data Maker
Robot Off-shore
Employee
On-shore
Employee
0
15000
20000
25000
30000
35000
40000
45000
50000
CostinUSD
Cost of Robots vs Human Employees
Radical reduction in cost

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RPA in Financial Services - An Infographic by RapidValue

  • 1. Robotic Process Automation in Financial Services Robotic Process Automation (RPA) has garnered immense popularity in financial services firms. It has become the early champion of the digital labor technology. Evolution of Digitization 10-20 % 30-50 % 70-80 % 80-90 % 90 % Touchless Transactions Many companies are actively considering RPA and AI as the next step in technology. Industry Experts Opinion Business Benefits Boosts productivity with minimal process change. Brings an easy to calculate ROI. Fresh alternative to the big spend of typical business process management programs (BPM). RapidValue is a leading provider of end-to-end mobility, omni-channel, IoT, RPA and cloud solutions to enter- prise worldwide. Armed with a large team of experts in consulting, UX design, application development, testing along with experience delivering global projects, we offer a range of services across various industry verticals. RapidValue delivers its services to the world’s top brands and Fortune 1000 companies and has of- fices in the United States, the United Kingdom and India. +1 877.643.1850 contactus@rapidvaluesolutions.com www.rapidvaluesolutions.com © RapidValue Solutions Use Cases - Banking Use Cases - Insurance Lead Generation Operations Represents top area to implement RPA Leslie Willcocks Professor, London School of Economics RPA is a promising new development in business automation that offers a potential ROI of 30% – 200% in the first year. Kevin Kroen Partner Financial Services Advisory, PWC Digital labor is giving financial institutions a once-in-a-generation opportunity to push a next generation discipline around business process efficiency. Most of the companies are here ERP eCommerce Self-Service RPA AI Operational Accounting General Accounting Processing, Reconciliations, Intercompany transactions Financial and External Reporting Planning, Budgeting and forecasting Treasury Process Digitization of paper mail Customer Billing Fraud Detection Reporting F&A : Travel & Expenses Processing, Accounts Payable Policy Servicing Mortgage Servicing Claims Servicing Lead Reporting KYC Loan / Policy Eligibility Check Account Opening Procurement Generate PRs, POs, Invoices, Vendor masster data 20% 15% 25% 40% Telecom / IT Others Manufacturing BFSI Top Reasons to Deploy RPA 37%improvement in insurers’ earnings through automation. 21%of companies will realize savings on administrative compliance costs. Source: Insurance Times, Intelligent Insurer and Global Data Maker Robot Off-shore Employee On-shore Employee 0 15000 20000 25000 30000 35000 40000 45000 50000 CostinUSD Cost of Robots vs Human Employees Radical reduction in cost