Blog: Banking All Categories Artificial intelligence Business Process Automation (BPA) Business Process Management (BPM) Hyperautomation Intelligent Automation Intelligent Document Processing (IDP) Process Intelligence Process Mapping Robotic Process Automation (RPA) Workflow Automation Process Intelligence How to improve cost to income ratio in banks with process intelligence Banks and financial institutions face a constant challenge to stay profitable in an ever-changing market and increasing customer demands. Current trends in economic conditions and industry shifts are... Intelligent Automation Speak Processes into Existence with ProcessMaker's AI Assistant (Part 1 of 3) Converse in natural, free-flowing language with ProcessMaker’s AI Assistant and watch it catapult your process needs from a picture in your mind to clickable reality.... Intelligent Automation What is ID Verification? Today, with the advancements of AI, bad actors are increasingly better at replicating legitimate people or fabricating new personas. While artificial intelligence debuts exciting new banking tools,... Business Process Automation (BPA) How Banks Can Leverage Artificial Intelligence Are banks ready for artificial intelligence? Digital transformation has been a hot topic in banking circles for decades. But many are still trudging through the transformative tech of the late... Business Process Automation (BPA) Does your bank have a fintech strategy? With fintech companies offering convenient digital and mobile banking solutions, banks need to stay ahead of the curve by developing a fintech strategy that not only incorporates these new... Business Process Automation (BPA) The Benefits of Offering Omnichannel Account Opening for Your Bank If you're a banker, you know that offering omnichannel account opening is one of the best ways to serve your customers. By definition, omnichannel account opening allows customers to open an account... Business Process Automation (BPA) Improving the Customer Experience in Banking Banks need to profit as much as possible while providing consumers with convenient services. Perfecting your digital onboarding strategy can greatly improve the customer experience in banking. It... Business Process Automation (BPA) How to leverage live identity verification in automated workflows Live identity verification is a process that uses real-time data to confirm the identity of a person or entity. Most commonly, LIV integrations are used to verify the identity of a person or entity... Business Process Automation (BPA) Digital Onboarding in Corporate Banking Open the banking app on your phone, and one thing is clear: you can do just about anything quickly. Yet, slide over to the suite of corporate banking tools and things feel markedly different.... Business Process Automation (BPA) Increasing Automation in the KYC Process An effective Know-Your-Customer strategy involves finding the right balance of procedures, so innocent applicants don’t have to struggle through unnecessary paperwork and swamp banks with... Business Process Automation (BPA) 5 Ways to Tackle the Threat of a Legacy Banking System Legacy banking systems have an impressive 60-year foothold that’s losing its grip with the modern customer — and opening a great opportunity for innovation. Traditional banking mainframe... Business Process Automation (BPA) New Customer Onboarding in Banking A new customer onboarding process is a highly effective way to strengthen relationships. If your bank or credit union does not have a well-defined onboarding procedure, it misses significant growth... Business Process Automation (BPA) 8 Steps for Evaluating Banking Account Opening Products Customer identification is the first and most crucial step in a bank's account opening process, essential in preventing financial crime and money laundering. In addition, anti-money laundering... Business Process Automation (BPA) Business Process Automation (BPA) in Banking Business process automation (BPA) in banking is redefining the very nature of the customer journey. Customer expectations have grown towards a digital-first mindset, which has expanded from... Business Process Automation (BPA) A Guide to New Customer Onboarding in Banking Digital experiences are the new standard that demands better from every industry — especially banking. While banks take the opportunity to digitally revamp their front-end onboarding journey, some... Business Process Automation (BPA) Intelligent Automation in Banking In 2020, most consumers and banking institutions are generally familiar with artificial intelligence driving intelligent automation in banking. The concept has been discussed on board rooms for... Business Process Automation (BPA) Transforming KYC Obstacles into Opportunity The Know Your Customer (KYC) workflow and client onboarding is critical for banks because it establishes the tone for future client experiences, relationships, and service levels, all of which have a... Business Process Automation (BPA) Credit Risk Workflow Automation Credit risk workflows take up a substantial amount of time and effort for banks. In addition, their ability to assess the credit risk of a loan portfolio is based on their ability to examine... Business Process Automation (BPA) 5 Reasons to Automate Accounts Payable Workflows Accounts payable workflow automation has increased substantially over the past decade, especially among late adopters. With many teams forced to operate remotely, unexpected disruptions were... Business Process Automation (BPA) Using Automation to De-Risk the Onboarding Process in KYC Manual onboarding is a bank's highest-risk KYC process with the lowest rate of return. Automation can remove these hazards by taking on the responsibility of performing the grueling legwork. In... Business Process Automation (BPA) 3 actions CFOs can take to accelerate digital transformation CFOs are increasingly aligning their roles with digital transformation acceleration. In this executive role, there is an emphasis on future planning due to the significant changes across a wide... Business Process Automation (BPA) Automating Treasury Management Services The role of treasury has shifted dramatically in recent years from a mere cost center to a profit center. Today’s treasurers are tasked with not only managing risk and liquidity but generating... Business Process Automation (BPA) 4 Profit-Driven Reasons Why Treasury Services Should Embrace Automation At the nucleus of any bank or credit union is the treasury service team. This vital department helps decide where to invest capital, how much to hold in reserve, assess liquidity, and ensures each... Business Process Automation (BPA) Improving the Digital Account Opening Process in Banking This article is part of a series on improving industry-specific digital account opening processes. Digital banking used to be a luxury for top-tier banks, with most activity taking place at a... Posts pagination 1 2 3 4 Next
