This presentation covers the current scenario of RPA industry, its imapct on BFSI Industry. It further covers the challenges, the myths, opportunities,benefits and future trends.
4. 4
Impact on Financial Industry
HighHigh
GrowthGrowth
MinimizeMinimize
CostCost
Impact OnImpact On
Bottom LineBottom Line
ReducingReducing
Operational andOperational and
Technology RiskTechnology Risk
Growth with a CAGR of 75% during
2015-2020
Newer methods to lower costs and
improve profitability
Enhancing their quality of services,
empowering their transformation
agility while also, reducing their
operational costs
RPA “talks” with existing
infrastructure ensuring enterprise-
level collaboration.
Impact
5. RPA Adoption in BFSI
5
• Fast Recovery
• Resilience Strategies
• Anti-Money Laundering
• Zero Fault Tolerance
REGULATORY
ANDCOMPLIANCE
FINANCIAL RISK
MANAGEMENT
CYBER RISK
AND RESILIENCE
SOURCING AND
PROCUREMENT
FINANCE AND
ACCOUNTING
• Credit and Market Risk
Exposure
• Operational and
Transactional Risk
• Data Quality Control
• Governance
• Compliance Risk
assessment
• Detailed Auditing and
Reporting
• Procure-to-Pay
• Contract Management
• Supplier Management
• Spend Analysis
• Order-to-Cash
• P&L Reporting and
Analysis
• Accounts Payable,
Account Receivable
• Treasury Management
• Internal Controls
• Record to Report
8. Robotics V/S Automation
• RPA improves performance with minimal or no process change
• Robotics brings an easy-to-calculate ROI
• Automation needs higher revenue spend and takes
longer implementation cycle
9. Leverage RPA for transformation of financial processes – BFSI Adoption
9
Customer
on-boarding
and preparing
Data for
Account
Opening or
Service
Requests
Claims
Processing,
predominantly
from
Customer-
Facing
Scenarios
Customer
Servicing &
Compliant
handling
Regulatory
Compliance
Reporting
Global Trade
Finance
Documents
Forex and
Treasury
Operations
10. Key Drivers & Benefits of using RPA
SEAMLESS
INTEGRATION
FRAUD
PREVENTION
TAPPING INTO NEW
OPPORTUNITIES
REVENUE
INCREASE
REGULATORY
COMPLIANCE
TRANSFORMATION
TRANSPARENCY
NON-INVASIVE
DIGITAL WORKFORCE
(24x7 Availability)