COVID -19 Response, RPA

Let’s adapt, let’s Improvise, let’s automate – Robotic Process Automation for Banks and Credit Unions

By : Opteamix

Published : May 12th, 2020

Widespread Lockdowns have impacted several industries including the Banking Industry. How can we always ensure business continuity and productivity?

Robotic Process Automation – Our solution for this crisis!

Robotic Process Automation (RPA), has been responsible for automating business operations in some of the major Banks and Credit Unions, marking a shift in the future of Banking. Turning to RPA will not only prove to be a gamechanger in terms of Revenue and ROI but will also ensure that there is no negative effect on your business continuity (Lockdown or no Lockdown).

Spending on RPA is on the rise and expected to reach a whopping $2.4 billion in 2022 (Source: Gartner).

Taking the first step towards making the shift to ‘Go Digital’ can:

Scale customer service operations to support massive volumes of customer requests (such as processing SBA loan forgiveness).
Achieve 0% backlogs for huge number of loan applications.
100 x Process Efficiencies with 20 x Speed (and Cost Reduction).

The need of the hour is to turn to Automation, and RPA is your first step in the right direction. Be it backend processes or customer facing (structured) situations, RPA can do it all!

How can you take your step towards RPA?

Here’s an Infographic that talks about automation of the most common processes in the banking industry (and the advantages). Talk to us for an In-house RPA Assessment and a customised Strategy and Execution plan.