SlideShare ist ein Scribd-Unternehmen logo
1 von 13
Datamatics Global Services Ltd.
Robotics Process Automation (RPA)
2
Agenda
•Current RPA Scenario
•Impact on Financial Industry
•Challenges in RPA Adoption
•Robotics v/s Automation
•Leverage RPA for transformation of financial processes – BFSI Adoption
•Key Drivers & Benefits
•Recommended Approach to Robotic Process Automation
•Future Trends
3
Current RPA Scenario
Source: Everest Group - RPA : technology vendor state of the Market Report 2017*
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
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
Challenges in RPA implementation
RPA Myths
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
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
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)
11
Recommended Approach to RPA provider selection
Future Trends
News
Transactions/
Records
Email
Social
Media
Documents/
Data
SMS
Audio
Video
Lexicon™
Context
Analysis
Synapsis™
Pattern
Detection
Artificial
Intelligence
Platform
Insights
Human-Data
Interface
Robot
business@datamatics.com
www.datamatics.com
Thank
YOU

Weitere ähnliche Inhalte

Was ist angesagt?

The Business Case for Robotic Process Automation (RPA)
The Business Case for Robotic Process Automation (RPA)The Business Case for Robotic Process Automation (RPA)
The Business Case for Robotic Process Automation (RPA)Joe Tawfik
 
AI & Robotic Process Automation (RPA) to Digitally Transform Your Environment
AI & Robotic Process Automation (RPA) to Digitally Transform Your EnvironmentAI & Robotic Process Automation (RPA) to Digitally Transform Your Environment
AI & Robotic Process Automation (RPA) to Digitally Transform Your EnvironmentCprime
 
implementation of rpa in banking sector
implementation of rpa in banking sectorimplementation of rpa in banking sector
implementation of rpa in banking sectorrajinfovision
 
Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Amy Simpson-Grange
 
Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Mufaddal Nullwala
 
Introduction to Robotic Process Automation by K.G.Maheshwari
Introduction to Robotic Process Automation by K.G.MaheshwariIntroduction to Robotic Process Automation by K.G.Maheshwari
Introduction to Robotic Process Automation by K.G.MaheshwariKrishan Gopal Maheshwari
 
Rpa ai automation webinar by new, cfgi, ui path 11 82018
Rpa ai automation webinar by new, cfgi, ui path 11 82018Rpa ai automation webinar by new, cfgi, ui path 11 82018
Rpa ai automation webinar by new, cfgi, ui path 11 82018Bob Fitzpatrick
 
RPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success StoriesRPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success StoriesTangentia
 
Banking software india
Banking software indiaBanking software india
Banking software indiaNish Ants
 
Digital transformation of the banking industry
Digital transformation of the banking industry Digital transformation of the banking industry
Digital transformation of the banking industry Frank Schwab
 
Robotic Process Automation for Financial Services
Robotic Process Automation for Financial ServicesRobotic Process Automation for Financial Services
Robotic Process Automation for Financial ServicesAppian
 
RPA Architecture
RPA Architecture RPA Architecture
RPA Architecture Apsara G
 
BaaS-platforms and open APIs in fintech l bank-as-a-service.com
BaaS-platforms and open APIs in fintech l bank-as-a-service.comBaaS-platforms and open APIs in fintech l bank-as-a-service.com
BaaS-platforms and open APIs in fintech l bank-as-a-service.comVladislav Solodkiy
 
Artificial Intelligence: a driver of innovation in the Banking Sector
Artificial Intelligence: a driver of innovation in the Banking Sector Artificial Intelligence: a driver of innovation in the Banking Sector
Artificial Intelligence: a driver of innovation in the Banking Sector Big Data Value Association
 
Robotic process automation Introduction
Robotic process automation IntroductionRobotic process automation Introduction
Robotic process automation IntroductionPriyab Satoshi
 

Was ist angesagt? (20)

The Business Case for Robotic Process Automation (RPA)
The Business Case for Robotic Process Automation (RPA)The Business Case for Robotic Process Automation (RPA)
The Business Case for Robotic Process Automation (RPA)
 
AI & Robotic Process Automation (RPA) to Digitally Transform Your Environment
AI & Robotic Process Automation (RPA) to Digitally Transform Your EnvironmentAI & Robotic Process Automation (RPA) to Digitally Transform Your Environment
AI & Robotic Process Automation (RPA) to Digitally Transform Your Environment
 
implementation of rpa in banking sector
implementation of rpa in banking sectorimplementation of rpa in banking sector
implementation of rpa in banking sector
 
Whitepaper Robotic Process Automation
Whitepaper Robotic Process AutomationWhitepaper Robotic Process Automation
Whitepaper Robotic Process Automation
 
Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Robotic Process Automation (RPA)
Robotic Process Automation (RPA)
 
Robotic Process Automation (RPA)
Robotic Process Automation (RPA)Robotic Process Automation (RPA)
Robotic Process Automation (RPA)
 
Introduction to Robotic Process Automation by K.G.Maheshwari
Introduction to Robotic Process Automation by K.G.MaheshwariIntroduction to Robotic Process Automation by K.G.Maheshwari
Introduction to Robotic Process Automation by K.G.Maheshwari
 
RPA and AI in banking
RPA and AI in bankingRPA and AI in banking
RPA and AI in banking
 
Rpa ai automation webinar by new, cfgi, ui path 11 82018
Rpa ai automation webinar by new, cfgi, ui path 11 82018Rpa ai automation webinar by new, cfgi, ui path 11 82018
Rpa ai automation webinar by new, cfgi, ui path 11 82018
 
Artificial intelligence in financial sector
Artificial intelligence in financial sectorArtificial intelligence in financial sector
Artificial intelligence in financial sector
 
RPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success StoriesRPA - Business Continuity & Automation Success Stories
RPA - Business Continuity & Automation Success Stories
 
Banking software india
Banking software indiaBanking software india
Banking software india
 
AI in Fintech
AI in FintechAI in Fintech
AI in Fintech
 
Digital transformation of the banking industry
Digital transformation of the banking industry Digital transformation of the banking industry
Digital transformation of the banking industry
 
RPA Uipath Presentation.pptx
RPA Uipath Presentation.pptxRPA Uipath Presentation.pptx
RPA Uipath Presentation.pptx
 
Robotic Process Automation for Financial Services
Robotic Process Automation for Financial ServicesRobotic Process Automation for Financial Services
Robotic Process Automation for Financial Services
 
RPA Architecture
RPA Architecture RPA Architecture
RPA Architecture
 
BaaS-platforms and open APIs in fintech l bank-as-a-service.com
BaaS-platforms and open APIs in fintech l bank-as-a-service.comBaaS-platforms and open APIs in fintech l bank-as-a-service.com
BaaS-platforms and open APIs in fintech l bank-as-a-service.com
 
Artificial Intelligence: a driver of innovation in the Banking Sector
Artificial Intelligence: a driver of innovation in the Banking Sector Artificial Intelligence: a driver of innovation in the Banking Sector
Artificial Intelligence: a driver of innovation in the Banking Sector
 
Robotic process automation Introduction
Robotic process automation IntroductionRobotic process automation Introduction
Robotic process automation Introduction
 

Andere mochten auch

What is process automation robotics
What is process automation roboticsWhat is process automation robotics
What is process automation roboticsSaad Ehsan
 
robotic-process-automation
robotic-process-automationrobotic-process-automation
robotic-process-automationPaul Donaldson
 
The Real World of Robotics Process Automation (RPA)
The Real World of Robotics Process Automation (RPA)The Real World of Robotics Process Automation (RPA)
The Real World of Robotics Process Automation (RPA)CGI Suomi
 
Robotics Division Overview Presentation
Robotics Division Overview PresentationRobotics Division Overview Presentation
Robotics Division Overview Presentationhunter7504
 
What is Robotic Process Automation? (RPA)
What is Robotic Process Automation? (RPA)What is Robotic Process Automation? (RPA)
What is Robotic Process Automation? (RPA)Newton Day Uploads
 
ATAGTR2017 What Lies Beneath Robotics Process Automation
ATAGTR2017 What Lies Beneath Robotics Process AutomationATAGTR2017 What Lies Beneath Robotics Process Automation
ATAGTR2017 What Lies Beneath Robotics Process AutomationAgile Testing Alliance
 
What is Robotics Process Automation ?
What is Robotics Process Automation ?What is Robotics Process Automation ?
What is Robotics Process Automation ?Aditya Sharma
 
Robotic Process Automation: A Cohesive View
Robotic Process Automation: A Cohesive ViewRobotic Process Automation: A Cohesive View
Robotic Process Automation: A Cohesive ViewChristopher Manfredi
 
An Introduction to RPA
An Introduction to RPAAn Introduction to RPA
An Introduction to RPASteve Burke
 
Robotic process automation overview
Robotic process automation overviewRobotic process automation overview
Robotic process automation overviewPascal BORNET
 

Andere mochten auch (13)

What is process automation robotics
What is process automation roboticsWhat is process automation robotics
What is process automation robotics
 
robotic-process-automation
robotic-process-automationrobotic-process-automation
robotic-process-automation
 
The Real World of Robotics Process Automation (RPA)
The Real World of Robotics Process Automation (RPA)The Real World of Robotics Process Automation (RPA)
The Real World of Robotics Process Automation (RPA)
 
Robotics Division Overview Presentation
Robotics Division Overview PresentationRobotics Division Overview Presentation
Robotics Division Overview Presentation
 
What is Robotic Process Automation? (RPA)
What is Robotic Process Automation? (RPA)What is Robotic Process Automation? (RPA)
What is Robotic Process Automation? (RPA)
 
Abhinay
AbhinayAbhinay
Abhinay
 
ATAGTR2017 What Lies Beneath Robotics Process Automation
ATAGTR2017 What Lies Beneath Robotics Process AutomationATAGTR2017 What Lies Beneath Robotics Process Automation
ATAGTR2017 What Lies Beneath Robotics Process Automation
 
Robotics Process Automation
Robotics Process AutomationRobotics Process Automation
Robotics Process Automation
 
What is Robotics Process Automation ?
What is Robotics Process Automation ?What is Robotics Process Automation ?
What is Robotics Process Automation ?
 
Robotic Process Automation: A Cohesive View
Robotic Process Automation: A Cohesive ViewRobotic Process Automation: A Cohesive View
Robotic Process Automation: A Cohesive View
 
An Introduction to RPA
An Introduction to RPAAn Introduction to RPA
An Introduction to RPA
 
Robotic process automation overview
Robotic process automation overviewRobotic process automation overview
Robotic process automation overview
 
Robotic Process Automation
Robotic Process Automation Robotic Process Automation
Robotic Process Automation
 

Ähnlich wie Robotics Process Automation for Banking, Financial Services and Insurance (BFSI) Industry

Adoption of Robotic Automation Process
Adoption of Robotic Automation ProcessAdoption of Robotic Automation Process
Adoption of Robotic Automation ProcessMukund Wangikar
 
Zinnov Zones for Robotic Automation Services
Zinnov Zones for Robotic Automation ServicesZinnov Zones for Robotic Automation Services
Zinnov Zones for Robotic Automation ServicesZinnov
 
Gear Up For Corporate Spend Automation Plan-2020
Gear Up For Corporate Spend Automation Plan-2020Gear Up For Corporate Spend Automation Plan-2020
Gear Up For Corporate Spend Automation Plan-2020Happay Expense Management
 
SAP HANA for Capital Markets Risk Management
SAP HANA for Capital Markets Risk ManagementSAP HANA for Capital Markets Risk Management
SAP HANA for Capital Markets Risk ManagementMartin Tenk
 
Why is it so hard to scale your rpa program going from poc to hyperautomation
Why is it so hard to scale your rpa program going from poc to hyperautomationWhy is it so hard to scale your rpa program going from poc to hyperautomation
Why is it so hard to scale your rpa program going from poc to hyperautomationAuxis Consulting & Outsourcing
 
How BFSI Enterprises can Leverage Hyperautomation.pptx
How BFSI Enterprises can Leverage Hyperautomation.pptxHow BFSI Enterprises can Leverage Hyperautomation.pptx
How BFSI Enterprises can Leverage Hyperautomation.pptxNuMantra Technologies Inc.
 
Sumerian named as the rising saas star in capacity management globally
Sumerian named as the rising saas star in capacity management globallySumerian named as the rising saas star in capacity management globally
Sumerian named as the rising saas star in capacity management globallySumerian
 
RPA Portfolio Assessment
RPA Portfolio Assessment RPA Portfolio Assessment
RPA Portfolio Assessment Eric Rodman
 
A Holistic Approach To Insurance Automation
A Holistic Approach To Insurance AutomationA Holistic Approach To Insurance Automation
A Holistic Approach To Insurance AutomationAccenture Insurance
 
A Holistic Approach to Insurance Automation
A Holistic Approach to Insurance AutomationA Holistic Approach to Insurance Automation
A Holistic Approach to Insurance AutomationAccenture Insurance
 
RPA in Financial Services - An Infographic by RapidValue
RPA in Financial Services - An Infographic by RapidValueRPA in Financial Services - An Infographic by RapidValue
RPA in Financial Services - An Infographic by RapidValueRapidValue
 
Accenture Regulatory Reporting As A Service
Accenture Regulatory Reporting As A ServiceAccenture Regulatory Reporting As A Service
Accenture Regulatory Reporting As A Serviceaccenture
 
Siam for enterprize agility
Siam for enterprize agilitySiam for enterprize agility
Siam for enterprize agilityFrancis Martens
 
Financial Reporting Robotics
Financial Reporting RoboticsFinancial Reporting Robotics
Financial Reporting Roboticsaccenture
 
Technology Challenges of the new Regulatory Environment
Technology Challenges of the new Regulatory EnvironmentTechnology Challenges of the new Regulatory Environment
Technology Challenges of the new Regulatory EnvironmentLászló Árvai
 

Ähnlich wie Robotics Process Automation for Banking, Financial Services and Insurance (BFSI) Industry (20)

Adoption of Robotic Automation Process
Adoption of Robotic Automation ProcessAdoption of Robotic Automation Process
Adoption of Robotic Automation Process
 
Zinnov Zones for Robotic Automation Services
Zinnov Zones for Robotic Automation ServicesZinnov Zones for Robotic Automation Services
Zinnov Zones for Robotic Automation Services
 
Gear Up For Corporate Spend Automation Plan-2020
Gear Up For Corporate Spend Automation Plan-2020Gear Up For Corporate Spend Automation Plan-2020
Gear Up For Corporate Spend Automation Plan-2020
 
GRC
GRCGRC
GRC
 
SAP HANA for Capital Markets Risk Management
SAP HANA for Capital Markets Risk ManagementSAP HANA for Capital Markets Risk Management
SAP HANA for Capital Markets Risk Management
 
Why is it so hard to scale your rpa program going from poc to hyperautomation
Why is it so hard to scale your rpa program going from poc to hyperautomationWhy is it so hard to scale your rpa program going from poc to hyperautomation
Why is it so hard to scale your rpa program going from poc to hyperautomation
 
How BFSI Enterprises can Leverage Hyperautomation.pptx
How BFSI Enterprises can Leverage Hyperautomation.pptxHow BFSI Enterprises can Leverage Hyperautomation.pptx
How BFSI Enterprises can Leverage Hyperautomation.pptx
 
RPA in Finance v2
RPA in Finance v2RPA in Finance v2
RPA in Finance v2
 
Sumerian named as the rising saas star in capacity management globally
Sumerian named as the rising saas star in capacity management globallySumerian named as the rising saas star in capacity management globally
Sumerian named as the rising saas star in capacity management globally
 
What Does it Take To Scale Your Automation Program?
What Does it Take To Scale Your Automation Program?What Does it Take To Scale Your Automation Program?
What Does it Take To Scale Your Automation Program?
 
RPA Portfolio Assessment
RPA Portfolio Assessment RPA Portfolio Assessment
RPA Portfolio Assessment
 
Final presentation getting rpa right in 2021
Final presentation  getting rpa right in 2021Final presentation  getting rpa right in 2021
Final presentation getting rpa right in 2021
 
A Holistic Approach To Insurance Automation
A Holistic Approach To Insurance AutomationA Holistic Approach To Insurance Automation
A Holistic Approach To Insurance Automation
 
A Holistic Approach to Insurance Automation
A Holistic Approach to Insurance AutomationA Holistic Approach to Insurance Automation
A Holistic Approach to Insurance Automation
 
RPA in Financial Services - An Infographic by RapidValue
RPA in Financial Services - An Infographic by RapidValueRPA in Financial Services - An Infographic by RapidValue
RPA in Financial Services - An Infographic by RapidValue
 
Accenture Regulatory Reporting As A Service
Accenture Regulatory Reporting As A ServiceAccenture Regulatory Reporting As A Service
Accenture Regulatory Reporting As A Service
 
Siam for enterprize agility
Siam for enterprize agilitySiam for enterprize agility
Siam for enterprize agility
 
Financial Reporting Robotics
Financial Reporting RoboticsFinancial Reporting Robotics
Financial Reporting Robotics
 
The Cloud, CPM and the CFO
The Cloud, CPM and the CFOThe Cloud, CPM and the CFO
The Cloud, CPM and the CFO
 
Technology Challenges of the new Regulatory Environment
Technology Challenges of the new Regulatory EnvironmentTechnology Challenges of the new Regulatory Environment
Technology Challenges of the new Regulatory Environment
 

Mehr von Datamatics Global Services Limited

Mehr von Datamatics Global Services Limited (6)

12 Interesting Facts about Big Data
12 Interesting Facts about Big Data12 Interesting Facts about Big Data
12 Interesting Facts about Big Data
 
Enhancing Pharma Compliance – Why Digitize the Compliance Process?
Enhancing Pharma Compliance – Why Digitize the Compliance Process?Enhancing Pharma Compliance – Why Digitize the Compliance Process?
Enhancing Pharma Compliance – Why Digitize the Compliance Process?
 
The Right Thing to Do: Datamatics' CSR Way
The Right Thing to Do: Datamatics' CSR WayThe Right Thing to Do: Datamatics' CSR Way
The Right Thing to Do: Datamatics' CSR Way
 
NGOs.....it's time to achieve your Goals
NGOs.....it's time to achieve your GoalsNGOs.....it's time to achieve your Goals
NGOs.....it's time to achieve your Goals
 
Understanding Poverty Through Social Media
Understanding Poverty Through Social MediaUnderstanding Poverty Through Social Media
Understanding Poverty Through Social Media
 
Report: Improving the Procure-to-Pay Process - A Transformational Approach
Report: Improving the Procure-to-Pay Process - A Transformational ApproachReport: Improving the Procure-to-Pay Process - A Transformational Approach
Report: Improving the Procure-to-Pay Process - A Transformational Approach
 

Kürzlich hochgeladen

EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWEREMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWERMadyBayot
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...Martijn de Jong
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...Zilliz
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDropbox
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesrafiqahmad00786416
 
Cyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfCyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfOverkill Security
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Victor Rentea
 
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...apidays
 
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingRepurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingEdi Saputra
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...DianaGray10
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...apidays
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherRemote DBA Services
 
FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024The Digital Insurer
 
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Zilliz
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century educationjfdjdjcjdnsjd
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodJuan lago vázquez
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Angeliki Cooney
 
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfRising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfOrbitshub
 
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamDEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamUiPathCommunity
 

Kürzlich hochgeladen (20)

EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWEREMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
 
2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...2024: Domino Containers - The Next Step. News from the Domino Container commu...
2024: Domino Containers - The Next Step. News from the Domino Container commu...
 
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ..."I see eyes in my soup": How Delivery Hero implemented the safety system for ...
"I see eyes in my soup": How Delivery Hero implemented the safety system for ...
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor Presentation
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
Cyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfCyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdf
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
 
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
Apidays New York 2024 - APIs in 2030: The Risk of Technological Sleepwalk by ...
 
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost SavingRepurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
Repurposing LNG terminals for Hydrogen Ammonia: Feasibility and Cost Saving
 
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
Connector Corner: Accelerate revenue generation using UiPath API-centric busi...
 
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
Apidays New York 2024 - The Good, the Bad and the Governed by David O'Neill, ...
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a Fresher
 
FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024FWD Group - Insurer Innovation Award 2024
FWD Group - Insurer Innovation Award 2024
 
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
 
presentation ICT roal in 21st century education
presentation ICT roal in 21st century educationpresentation ICT roal in 21st century education
presentation ICT roal in 21st century education
 
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
 
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin WoodPolkadot JAM Slides - Token2049 - By Dr. Gavin Wood
Polkadot JAM Slides - Token2049 - By Dr. Gavin Wood
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
 
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdfRising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
Rising Above_ Dubai Floods and the Fortitude of Dubai International Airport.pdf
 
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 AmsterdamDEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
DEV meet-up UiPath Document Understanding May 7 2024 Amsterdam
 

Robotics Process Automation for Banking, Financial Services and Insurance (BFSI) Industry

  • 1. Datamatics Global Services Ltd. Robotics Process Automation (RPA)
  • 2. 2 Agenda •Current RPA Scenario •Impact on Financial Industry •Challenges in RPA Adoption •Robotics v/s Automation •Leverage RPA for transformation of financial processes – BFSI Adoption •Key Drivers & Benefits •Recommended Approach to Robotic Process Automation •Future Trends
  • 3. 3 Current RPA Scenario Source: Everest Group - RPA : technology vendor state of the Market Report 2017*
  • 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
  • 6. Challenges in RPA implementation
  • 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)
  • 11. 11 Recommended Approach to RPA provider selection