Intelligent Process Automation & AI Solutions for Banks. Intelligent Process Automation and AI Solutions for Banks

Unleash Growth:

The banking landscape is evolving rapidly. To stay ahead, financial institutions of all sizes need to embrace innovative solutions. Intelligent Process Automation (IPA) and Artificial Intelligence (AI) offer powerful tools to streamline operations, improve efficiency, and deliver exceptional customer experiences.

Reports & Industry Recognition :

IMPLEMENTETION

80%

“According to Gartner- Around 80% of finance leaders have implemented or are planning to implement RPA.”                           

RPA MARKET

1.12 b

“Industry reports predict the RPA market in banking to reach around $1.12 billion by 2025.”                                         

PRODUCTIVITY

80%

“A report by UiPath found that 80% of employees reported increased productivity after RPA implementation, freeing them from repetitive tasks.”

How Intelligent Solutions Benefit Different Bank Types:

How Intelligent Solutions Benefit Different Bank Types
Private Banks:

Enhance client onboarding, personalize wealth management services, and automate regulatory compliance tasks.

Small Finance Banks:

Automate loan processing, improve risk management, and personalize offerings for a wider customer base.

Cooperative Banks:

Streamline back-office operations, reduce costs, and offer competitive digital banking solutions.

Payment Banks:

Automate transaction processing, fraud detection, and provide real-time customer support through chatbots powered by AI.

Private Banks:
Enhance client onboarding, personalize wealth management services, and automate regulatory compliance tasks.

Small Finance Banks:
Automate loan processing, improve risk management, and personalize offerings for a wider customer base.

Cooperative Banks:
Streamline back-office operations, reduce costs, and offer competitive digital banking solutions.

Payment Banks:
Automate transaction processing, fraud detection, and provide real-time customer support through chatbots powered by AI.

Benefits of Intelligent IPA & AI Solutions:

Increased Efficiency- IPA & AI Solutions for Banks.

Increased Efficiency

Handling customer, daily tasks, Loan repayment schedules, KYC, email responses and Account related stuff around the clock, fast and effective. Reduce manual tasks, free up staff for higher-value activities, and improve processing speed.

Enhanced Accuracy- IPA & AI Solutions for Banks.

Enhanced Accuracy

Eliminate human error in data entry and ensure regulatory compliance.            

Improved Customer Experience - IPA & AI Solutions for Banks.

Improved Customer Experience

On time customers query resolution, accurate information provision to customers. Online sales – product information and 24/7 availability.

Data-Driven Decisions - IPA & AI Solutions Banks

Data-Driven Decisions

Leverage AI for insights to personalize products, identify new opportunities, and manage risks proactively.

Reduced Costs- IPA & AI Solutions Banks

Reduced Costs

Streamline operations, minimize rework, and optimize resource allocation.

Reduce Compliance Backlogs- IPA & AI Solutions for Banks.

Reduce Compliance Backlogs

Low costs of compliance operations and regulatory requirements met in half of the time.

Other Processes in Banking

Bank Reconciliation- IPA & AI Solutions for Banks.

Bank Reconciliation

Process Description:
Reconciliation is an important process that compares two reports to check if they tally. Manually this used to take up to six hours.
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Client Onboarding- IPA & AI Solutions for Banks.

Client Onboarding

Process Description:
Client Onboarding involves setting up and accounting for the customer by verifying the documents provided. RPA helps in automating this
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Accounts Payable- IPA & AI Solutions for Banks.

Accounts Payable

Process Description:
Accounts Payable (AP) is a monotonous process that requires digitizing invoices from the vendors using Optical Character Recognition (OCR).
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Mortgage Processing- IPA & AI Solutions for Banks.

Mortgage Processing

Process Description:
Mortgage loan process took time as the application had to go through various scrutiny checks such as
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Fraud Detection- IPA & AI Solutions for Banks.

Fraud Detection

Process Description:
One of the major concerns of a bank was the rising number of fraud cases. It becomes difficult for banks
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KYC process- IPA & AI Solutions for Banks.

KYC Process

Process Description:
The process is so crucial that it involves at least 150 to even 1,000+ FTEs to perform checks on the customer
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General Ledger- IPA & AI Solutions for Banks.

General Ledger

Process Description:
Banks must ensure that their general ledger is updated with all important information
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Report Automation- IPA & AI Solutions for Banks.

Report Automation

Process Description:
Banks must prepare a report about their various processes and present it to the board and other stakeholders
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Customer Service

Process Description:
Banking deals with multiple queries ranging from bank frauds to account enquiry, loan enquiry, and so on
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Why Choose STEP One Step Ahead?

In the fast-paced world of banking, staying ahead requires embracing innovative solutions like Intelligent Process Automation & AI.
At STEP One Step Ahead, we are not just RPA experts, but trusted partners who understand the unique challenges and opportunities for automation in your industry. From streamlining tedious tasks with RPA to enhancing customer satisfaction with AI-powered chatbots, our comprehensive services and collaborative approach empower you to unlock the full potential of IPA and transform your operations.


Are you ready to Revolutionize your Bank and build a thriving future?



Contact STEP One Step Ahead today!
Let's work together to unleash the power of intelligent automation and propel your bank to new heights.

Get in Touch with us

Contact our Sales and Support Team. We'd love to hear from you. Here's how you can reach us.

501-502, 5th Floor, Sunrise Business Park, Road No. 16, Thane West,Maharashtra – 400604

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