Banking & Financial Services

Transform manual, data-intensive, operations while meeting stringent regulatory requirements

Banking & Financial Services

Connect legacy systems, automate repetitive tasks, and tap into disparate data sources to gain more insight about your financial services customers. Online apps, full-service web portals, and real-time account information are prime examples of how digitization drives day to day interactions with consumers and investors. Robotic Process Automation (RPA) can optimize the use of data to keep up with customer expectations and improve the efficiency of internal operations in this competitive market.

– Improve Efficiency (reduce operational costs, reporting errors and end-to-end delivery)

– Reduce Fraud (increase dedection and prevention of fraudulent transactions)

– Reinforce Compliance (track and manage data to meet regulatory requirements)

Customer Onboarding

Most banks have portals for mobile banking. The problem is that sometimes it requires that a human review what is submitted. Review is what the robot can do and shorten the onboarding time. If something is in error or missing, the applicant will be notified immediately by the robot with the proper resolution.

Mortgage Lending

When a customer is looking to borrow money for a car, home, or other personal reasons, much paperwork is involved. The robot can easily review documents, input them into the appropriate systems, and file the documents in a smart way. This greatly shortens the appproval process. Remember, the robot works 24X7 which allows the applicant in their non-business hours to respond and move the process along. The robot can also route information or paperwork to the right people for review and approval.

Credit Card Operations

Ensuring that an Applicant meets pre-defined criteria is a natural fit for RPA. When exceptions arise, the robot will send the data to the right person for resolution.

Audit, Risk and Compliance

Reduce regulatory risk and fines by leveraging a digital workforce – Reduce manual errors down to near-zero​ 

– Refocus your team’s efforts on investigation and analysis​ 

– Update automations as quickly as regulations change to keep pace with requirements

Core Banking Operations

The Back Office Core Banking Operations where RPA technology can boost significant productivity includes:

– Customer data updates, address changes

– Accounting Reconciliations

– Check Validation Procedures

– Overdraft protection

Let CoSourcing Partners enable your success.

Whether it’s a technology challenge or a resource challenge, we have the answers

CoSourcing Partners

900 Oakmont Lane, Suite 425
Westmont, Illinois 60559

© CoSourcing Partners, LLC. 2020