You can use RPA to run a bunch of financial tasks. The following are the most popular ones;
– Automatic Report Generation
RPA technology with natural language generation capability can read these lengthy compliance documents before extracting the required information and filing the SAR.
– Registration of Clients
RPA can greatly simplify this process by collecting data from KYC documents using optical character recognition (OCR) techniques.
– Opening an Account
Automation systematically eliminates data transcription errors that existed between the underlying banking system and requests to open a new account, thereby improving the data quality of the entire system.