Whitepapers

Transforming Banking Through Intelligent Automation

Transforming Banking Through Intelligent Automation

How Does RPA Become a Game-changer for Banking?

RPA is all set to transform banking as we know it. Let’s discover how.

RPA can help banks improve process efficiencies and enhance service quality, but for robotics to yield the desired result, banks will have to focus on these four aspects:

  • Integrate robotics and conventional transformation techniques
  • Transform product and process design
  • Manage the transaction chain
  • Prepare the customer

Brought to you by Tata Consultancy Services

Streamlining Bulk Loan Onboarding and Servicing Process Using Blockchain

Streamlining Bulk Loan Onboarding and Servicing Process Using Blockchain

A foolproof governance system enabled by blockchain can stem systemic misconduct

The mortgage servicing and default management industry is under tremendous pressure to enhance its loan onboarding and servicing processes. Key priorities for industry players include containing costs, improving service levels, capturing new business, and increasing profitability, while ensuring  regulatory compliance. However, lenders are faced with a slew of challenges: paper-centric manual processes, robo-signing, dual-track foreclosure, and so on.

We believe digital technologies can prove immensely helpful in countering these challenges.

  • Blockchain can help establish a strong governance system
  • RPA can improve operational efficiency
  • Cloud can foster scalability and flexibility of systems to tackle the humungous volumes of data

Brought to you by Tata Consultancy Services

Operational Excellence in Financial Services Strategy Report 2018

Operational Excellence in Financial Services Strategy Report 2018

PEX Network conducted a survey in November 2017 with senior financial services executives to understand the key challenges, priorities and spend areas for 2018 and beyond.

Download the 2018 Benchmarking Report to see the results of the survey, along with leading commentary and insight from key financial services experts.

Key findings of this exclusive report include:

>> Over 50% of respondents’ said that change management and culture where there biggest challenge within process excellence

>> 33% revealed cost saving was their primary measure of success for OpEx programs

>> 69% consider their organization to be immature in harnessing digital and automation

>> The technologies that respondents are planning to adopt in the next 18 months are business process management suites (BPM), business dashboards and machine learning

Read the Opex in Financial Services Strategy Report now to access the full information on trends, challenges, priorities and more information on Operational Excellence in Financial Services.

Testing Times

Testing Times

Traditional financial institutions need to shape up to current age of automation challenges. New challengers are taking advantage of current emerging technologies and techniques to change the game. Find out what challenges fs business have in todays age of transformation, as well as what hurdles the disruptors are facing in our challenges report.

Some key statistics unveiled by the report include:

  • The top concern for finance leaders is change management and culture
  • Implementing an automation programme and focusing on customer excellence both clocked in with 10% of the top concerns
  • 17% of global executives are ready to manage a workforce with people, robots, and AI working side by side