Robotic Process automation is a dynamic tool, helping the institutions to automate processes, customer services, and manage the organization efficiently . It facilitates multiple functions making things convenient for insurers.

1. PROCESS AUTOMATION IN FINANCIAL
SERVICES - A BOON TO THE SECTOR

2. Introduction
Process Automation in Financial Services - A Boon to the Sector
 KYC Documentation
 Consumer Onboarding
 Report Generation
AGENDA
1
2
3
5
4 Conclusion

3. The finance sector involves a lot of
mundane and repetitive tasks that can be
automated. Some of the major processes
that benefited from the use of robotic
process automation in finance are as
follows:
INTRODUCTION

4. PROCESS AUTOMATION IN FINANCIAL SERVICES
- A BOON TO THE SECTOR
KYC
Documentation
Consumer
Onboarding
Report
Generation

5. Know Your Consumer (KYC) is an uphill
task and the ideal process for
modernization since it is an extremely
data-intensive process. They can
extract the KYC information from excel
files and enter it with the help of
figurative bots.
KYC DOCUMENTATION

6. With the implementation of RPA, the entire
consumer onboarding process can be
made much easier since the bots can
capture the data from KYC documents
leveraging the optical character
recognition technique (OCR).
CONSUMER ONBOARDING

7. Traditionally, the compliance officers had to
read the reports manually and fill the SAR
form. Using natural language processing
capabilities, the figurative bots can read
through the lengthy compliance
documents, extract the required
information and fill the necessary details in
SAR.
REPORT GENERATION

8. CONCLUSION
Process automation in financial services has eased the
operations of the banking and other finance related
companies by aiding the routine functions of the industry. It
makes processes accurate, easier, and faster.

9. THANK YOU
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