KYC Automation: Top 10 Benefits for Improved Customer Experience
Know Your Customer (KYC) Process is an essential process in banking and financial institutions. However, with manual KYC processes, banks and financial institutions face high cost and time challenges, delayed service, inability to comply with KYC rules, and more. But the good news is here for all banking and financial heads! These challenges are easy […]
RPA in KYC Helps Reduction in Manual Efforts
Synopsis KYC processing is a vital part of any financial institution. This process helps prevention of money laundering or terrorist funding. However, manual KYC processing can slow down customer onboarding and threaten AML and KYC operations. Apart from these impediments, manual processing drives up overhead, lacks quality control, and increases fraudulent risk. Consistent AML and […]
10 Key RPA Trends to Watch Out for in 2022
Process automation plays a critical role in today’s digital transformation technology stack. The rapid adoption and implementation of RPA (robotic process automation) is evident. According to Gartner, the RPA market will grow at double digit rates through 2024 despite economic pressures from the pandemic. This bodes well for RPA consultants. Some of the key factors that drive adoption of […]