‘RPA 101’: What is RPA in Banking?

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    The scope of opportunities to implement Robotic Process Automation in banking processes is almost limitless because of the majorly manual and traditional working environment. RPA is the technology used to adapt banking institutions’ operating models to the modern market environment and optimize essential business tasks with data processing. Everything from onboarding and compliance procedures to daily/monthly/quarterly reporting and customer service processes can be automated with RPA in a matter of hours.

    Research by PwC shows that more than 81% of banking CEOs acknowledge the impact of digital transformation in the finance world. This indicates the potential growth of RPA usage by banking institutions in the next few years.

    ElectroNeek in Banking infographic

    Benefits of using Robotic Process Automation in Banking

    Case study

    Reliance Bank automated reporting and pivot table generation with ElectroNeek and saved 2500 hours per year for the entire department.

    Read more about it here: Reliance Bank Case

    RPA in banking is an efficient tool for streamlining business processes with data available for business users without prior experience in IT. This allows banking institutions to adopt and scale automation, transform their businesses, and elevate market domination for years to come.