“After exploring intelligent automation for several years now, BMO is accelerating its robotic process automation (RPA) strategy. BMO has employed automation for hundreds of processes and in doing so, created millions of dollars in value for the bank. Bots are helping their BMO colleagues by performing testing and monitoring functions, tightening controls, fighting crime and…
Tag: RPA
Automation Anywhere Launches AI-Powered Banking Bot to Expedite SBA Loan Processing From 3 Weeks to 3 Days
“Like many lending institutions, Vista Bank, and its community network of 15 branches across Texas is helping small businesses apply for funding across the state within a mandated filing timeline of only 10 days. With so many businesses rushing to get loans, the bank was looking for a scalable solution that could meet audit requirements…
Aisera, an AI tool to help with customer service and internal operations, exits stealth with $50M – TechCrunch
“‘There are billions of people in call centres today,’ he said in an interview. ‘If I can automate [repetitive] functions they can focus on higher-level work, and that’s what we wanted to do. Those trying to solve simple requests shouldn’t. It’s one example where AI can be put to good use. Help desk employees want…
Four lessons from PwC’s digital transformation, workforce upskilling efforts
“In a series of demos, PwC highlighted how it is using robotic process automation to scan invoices and input data and collect documents in a way that reduces hours of work to about a minute in an audit. A platform called Cash.ai monitors a company’s treasury to boost cash flow and spot issues early.” https://www.google.com/amp/s/www.zdnet.com/google-amp/article/four-lessons-from-pwcs-digital-transformation-workforce-upskilling-efforts/
AI helps unlock data potential of banks
“Most banking transactions require little human intervention. However, in cases where items are flagged (for example, AML, fraud or screening checks), this requires human intervention. Given the high volumes involved this comes at significant cost to the organisation. It is therefore an excellent place to deploy new AI technologies such as Intelligent Process Automation (IPA)….