Can Robotic Process Automation (RBA) in Banks assist in the following situations?

-

Training Program on of Robotic Process Automation for Bankers

          In layman terms, Robotic Process Automation (RBA), simply put, is automation software that can mimic human action based on defined rules.

          An exclusive three day training program on Robotic Process Automation for Bankers has been announced by Institute for Development and Research in Banking Technology at its Hyderabad campus.

          The program is driven by Dr. Rajarshi Pal with faculty drawn from IDRBT, and enhanced by Guest Speakers from the Industry & Practitioners.

          The core objectives of the 3 day session is to enable Bankers to enable the participants to understand the process, technology, implementation issues and other critical factors to derive maximum benefits on adoption of RPA.  

          In the 3 days, participants will have a glimpse of the following topics:

01) Use Cases of Robotic Process Automation in Banks

02)        Technologies behind this robotic process automation, which include
·       Artificial intelligence
·       Machine learning
·       Image analysis/computer vision
·       Text processing
·       Speech processing
·       Natural language processing

03)        Critical factors for successful implementation of these technologies.

Banks tend to work on lots of physical documents. The ‘Text  Processing’, topic should enable the participants to explore RBA tools to minimise the errors while converting ‘Text’ to executable instructions.

 The key for a successful RBA tool is the definition of the rules. In case, the rules are not properly defined, the results will be skewed.

Through this program, the participants may gain knowledge on the processes of defining rules for the desired output.


Read this article on ICICI Bank’s experience with Robotic Process Automation.

Read this article by Shamsher Sindhu,Executive Vice President, Kotak Mahindra Bank on benefits of RBA in Corporate Real Estate.  Can Banks deploy RBA to optimise their physical assets??

Read this State Bank of India’s FAQs on its ‘No Queue Mobile App’.


Can Robotic Process Automation (RBA) in Financial Institutions assist in the following situations?

Situation No 01) __ Retrieve a paid cheque image  

Situation No 02) __ Mark a ‘Stop Payment of a Cheque’, and debit the relevant service charges immediately in the customer’s account

Situation No 03) __ Retrieve the breakup of Service Charges debited to the customer’s account

Situation No 04) __ Assist the customer to view the best offers available on the Banks debit card, credit card through voice command

Situation No 05) __ Display the next few Standing Instructions tagged to the account and predict the chances of success. Standing Instructions can be ACH Debits, internal Standing Instructions etc

Situation No 06) __ Assist customers to arrive at the best time to operate bank locker

Situation No 07) __ Alert front-office staff on the presence of HNI customer in the branch lobby



Comments

  1. Alfred AvinaNovember 4, 2019 at 11:07 PM

    At first, I was having several questions regarding the processing of Robotic Process automation (rpa). Still, after taking help from this article, I have understood the role of rpa service providers.

    ReplyDelete
  2. UvaskaFebruary 24, 2020 at 5:37 AM

    I actually enjoyed reading through this posting, Many thanks. Give me more information.Gantry Robots in India | Manufacturers in India | UDWB in India

    ReplyDelete
  3. Eva BrielleAugust 31, 2023 at 6:12 AM

    Thank you for sharing the valuable information.
    Best Automation Services Company/a>

    ReplyDelete
  4. AdityaSeptember 7, 2023 at 11:50 PM

    Nice Content
    Automation for the Future | DWP Global Corp's RPA in Manufacturing

    ReplyDelete

Post a Comment

Popular posts from this blog

CERTIFICATE EXAMINATION IN INTERNATIONAL TRADE FINANCE

-
Image
          This certification is essential for all members of a Bank Trade Finance Department.   The syllabus covers key aspects required by team members to effectively discharge their duties. Trade Finance is one of the traditional forms of bank finance in India. In view of reforms and liberalisation, this has gained a new significance.   Many of the practices in trade finance have evolved over a period of time and some are guided by Ministry of Commerce and Reserve Bank of India, besides WTO and International Chamber of Commerce through UCPDC 600. With the increase in the volume of trade both domestically and internationally, there is a need for trade finance professionals from banks as well as corporates. The Objectives of this IIBF Examination is as under:   (i) To provide candidates with competencies required to function as trade finance practitioners. (ii) To enable candidates to possess the ...
Read more

IIBF-Certificate Examination in Foreign Exchange Facilities for Individuals

-
          The primary objective this IIBF course is to make the branch officials familiar with the FEMA provisions that impact their day to day functioning at the branch level.     This exam is being introduced pursuant to the recommendation of a committee of RBI.           Normally foreign exchange transactions pertaining to individuals are handled at branches only and are not referred to specialised forex cells.           The course covers ‘Foreign Exchange Facilities for individuals under FEMA1999’ RBIs FAQs’ on Forex Facilities for Residents (Individuals) (updated up to November 21, 2014) For full details refer to Reserve Bank of India website: Introduction : The legal framework for administration of foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. Un...
Read more

IIBF introduces Self-Paced E-learning courses (SPeL) for its two certificates

-
Image
          Indian Institute of Banking Finance (IIBF) has taken a quantum leap in disseminating knowledge to its members and non-members.           IIBF in April 2019, introduced the Self-Paced E-learning courses (SPeL) concept for banking enthusiasts to be familiar with banking concepts.           In the first stage, IIBF has launched   two certificate courses i.e 1. Digital Banking and 2. Ethics in Banking.           The objective of this self-paced e-learning mode are as follows: • Participants can make the best use of his or her time, in order to meet his or her learning objectives. • Participants can access the course   anywhere/anytime with an internet connection. • Participants need not travel to give their examinations. It saves time and money of the participants. ...
Read more