As Robotic Process Automation paves its way into the market, organizations seek to reduce costs, improve efficiency and reduce process turnaround time. Processes with high manual intervention, such as KYC (Know Your Customer) Processing, are highly suitable for automation as they are primarily labor-intensive. The delay in KYC processing delays the process of onboarding new customers and results in delayed revenue realization from the new customers. Therefore, automated KYC Processing is the solution.
Key Challenges: KYC Processing
The KYC Process is highly labour-intensive, resulting in innumerable delays in onboarding new customers and revenue realization.
Processing KYC documents with multiple compliance regulations and within the desired timeline is a challenge.
With a stringent timeline and a high degree of manual processing, maintaining the accuracy of KYC processing is a great challenge.
RPATech brings automation to KYC Processing
Our KYC Processing solution has been designed to ensure quick onboarding of customers. They can extract relevant data from the KYC documents with a high degree of accuracy and either match it with the data provided by the customer or verify data with various portals to ensure the authenticity of the data. The KYC Solutions that we offer supports multiple mandated KYC documents and variations in those documents. To bring our solution to its utmost effectiveness, we use highly accurate data extraction tools.
Benefits of automated KYC Processing
Reduced Error Rate
By integrating RPA in KYC Processing minimize human intervention and reduce the error rate to 0%.
Automation in KYC Processing results in backlog reduction to 0%, thereby improving customer onboarding.
Visibility and Control
KYC Processing automation gives a comprehensive view of the process enabling tracking and governance
Get benefits of regulatory compliance with KYC, AML, and other regulations with KYC Processing automation.
With KYC Processing automation, get the cost-saving benefits and quick ROI realization with 6-months.