WHY RPA in Banking ??

WHY RPA in Banking ?? We have in banking millions of transactions/operations happens on hourly basis and there are pool of people under their close observation all these transactions happens which is very tedious , repetitive and time taking so when look for any innovative approach in banking sector which allows company employees to configure computer software or a 'robot' to capture and interpret existing applications to process transactions, manipulate data, trigger responses, and communicate with other digital medium. Combined with AI, RPA can quickly, cost-effectively and efficiently offer instant gains across several functions. The backend operations of banks can be transformed to deliver quality output at considerably reduced costs. Service Payable card processing processing Detection process Ledger Automation Closure Process With so many advantages of RPA, banks must consider using it in all their functional areas to enhance customer experience and gain an edge over their competitors. It might seem to be a costly investment, but considering the value it delivers to the business, it can provide a good ROI within months of implementation.

- Mahendra k Sharma

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WHY ROI is still a challenge in DIGITIZATION ??

Am sure Max of us must be agree or experienced the below challanges in their Digital Journey . Digital Practices are gaining acceptance especially in the finance and telecom industries however with my experience and in sync with Sr. Executives , there are plenty RPA failure stories, too. More than 40% of RPA projects fail to deliver expectations in terms of implementation time implementation cost cost savings due to RPA benefits to analytics Here I outlined few common pitfalls that lead to these gaps between reality and expectations. Organizational pitfalls: 1- Lack of time commitment from local team 2- Lack of leadership buy-in 3- Lack of IT support 4- Lack of support from Analytics/Data function 5- Lack of support from HR 6- Unclear responsibilities 7- Company lacking a clear ...

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Mahendra k Sharma

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