#financial sector

[typoeastnews]

RBI Imposes Business Restrictions on Edelweiss ARC and ECL Finance

In a recent development, the Reserve Bank of India (RBI) has put business restrictions on two companies from the Edelweiss group — Edelweiss Asset Reconstruction Company (EARCL) and ECL Finance Ltd (ECL) due to significant concerns observed during supervisory examinations.

Key Restrictions Imposed:

EARCL: The RBI barred EARCL from acquiring financial assets, including security receipts (SRs), and reorganizing existing SRs into senior and subordinate tranches.

ECL Finance Ltd (ECL): ECL was directed to cease structured transactions for its wholesale exposures, except for repayment or closure of accounts in the normal course of business.

Reasons for Restrictions:

The RBI cited material concerns arising from the conduct of the group entities, including structured transactions aimed at evergreening stressed exposures of ECL, using the platform of EARCL and connected Alternate Investment Funds (AIFs). Additionally, incorrect valuation of SRs was observed in both ECL and EARCL.

Evergreening Concerns:

Evergreening of loans refers to a practice where lenders extend additional loans to borrowers on the verge of default to revive the loan temporarily. The RBI has previously expressed concerns about banks using innovative methods for evergreening loans.

Company Responses:

Both EARCL and ECL have responded to the RBI’s directives. EARCL stated it is reviewing the order and will address the observations mentioned. ECL mentioned discontinuing its wholesale exposure business and stated that the RBI’s directions will not significantly impact its strategy.

Regulatory Oversight:

The RBI has been actively engaging with the management of these entities but found no meaningful corrective action, leading to the imposition of business restrictions. Similar actions have been taken by the RBI on other financial institutions for various regulatory violations.

Conclusion:

The RBI’s actions underscore the importance of regulatory compliance and transparency in the financial sector. Companies like EARCL and ECL are now tasked with strengthening their assurance functions to ensure adherence to regulatory norms in letter and spirit.

[financeintroduction]

Let's go to the Financial Landscape and Make Smart Money Management

In an ever-evolving financial landscape, individuals and businesses alike are constantly seeking ways to make informed decisions and optimize their financial well-being. The world of finance services plays a crucial role in empowering people to achieve their financial goals, whether it's building wealth, managing debt, or planning for the future. In this blog, we will explore key aspects of finance services and provide insights on how you can navigate the complexities of the financial world.

Understanding Your Financial Goals: Before diving into the myriad of financial services available, it's essential to have a clear understanding of your financial goals. Are you looking to invest for the long term, save for a specific milestone, or manage debt more effectively? Defining your objectives will guide your financial decisions and help you choose the right services to meet your needs.

Budgeting and Financial Planning: The foundation of sound financial management lies in effective budgeting and planning. Finance services can assist you in creating a realistic budget, identifying areas for potential savings, and developing a comprehensive financial plan. Whether you're an individual or a business owner, having a well-thought-out financial strategy is crucial for achieving financial success.

Investment Strategies: Investing is a powerful tool for wealth creation, but it comes with its own set of complexities. Finance services offer a range of investment options, from traditional stocks and bonds to alternative investments like real estate and cryptocurrencies. Understanding your risk tolerance, time horizon, and financial objectives will help you tailor an investment strategy that aligns with your unique situation.

Debt Management: Many individuals and businesses grapple with debt, and effective debt management is vital for financial health. Finance services can provide solutions such as debt consolidation, refinancing, and negotiation with creditors. These services aim to help you reduce interest rates, lower monthly payments, and ultimately eliminate debt more efficiently.

Insurance and Risk Management: Protecting yourself and your assets from unforeseen events is a critical aspect of financial planning. Finance services can guide you in selecting the right insurance coverage, whether it's life insurance, health insurance, or property and casualty insurance. Understanding and mitigating risks is essential for long-term financial stability.

Retirement Planning: Planning for retirement is a long-term goal that requires careful consideration. Finance services can assist you in creating a retirement plan that takes into account your desired lifestyle, expected expenses, and potential sources of income. From 401(k) accounts to individual retirement accounts (IRAs), these services can help you make informed decisions to secure your financial future.

Embracing Technology for Financial Management: The rise of financial technology (fintech) has revolutionized the way we manage money. Online banking, budgeting apps, and robo-advisors are just a few examples of how technology can enhance financial services. Embracing these tools can streamline your financial management processes and provide real-time insights into your financial health.

Conclusion: In the dynamic world of finance services, staying informed and making proactive decisions are key to achieving financial success. Whether you're an individual looking to manage your personal finances or a business owner seeking strategic financial planning, the right finance services can make a significant difference. By understanding your goals, leveraging technology, and tapping into the expertise of financial professionals, you can navigate the financial landscape with confidence and pave the way for a secure and prosperous future.

[nsebullcom]

Bharat Co-operative Bank (Mumbai) Ltd. Wins an Eminent Award for Best Security Initiative at the 17th ANCBS by NAFCUB and Banking Frontiers

NewsVoir HT Image Mumbai (Maharashtra) [India], November 28: Bharat Bank a respected name in banking sector known for its commitment to innovation and customer security, is proud to announce that it has been honoured with the highly coveted “Best Security Initiative” award at the 17th Annual National Co-operative Banks Summit held in Goa organised by NAFCUB and Banking Frontiers. This…

[emergingindiaanalyticsnoida]

AI’s Big Break: How Technology Is Transforming The Financial Sector

Attention all finance enthusiasts and tech aficionados! Brace yourselves for a groundbreaking revelation. Artificial Intelligence (AI), the futuristic force that has already revolutionized countless industries, is now set to unleash its magic on the financial sector. That’s right – expect nothing short of a seismic shift as we dive into how AI is transforming every nook and cranny of banking, investments, insurance, and more. Get ready to witness AI’s big break in action as we unravel the mind-boggling ways it is reshaping the world of finance right before our very eyes. So buckle up, because this blog post will take you on an exhilarating journey through cutting-edge innovations and game-changing disruptions that are turning traditional finance upside down!

Introduction to AI and Its Impact on Financial Services

Artificial intelligence (AI) is one of the most transformative technologies of our time. With its ability to learn and evolve, AI has the potential to revolutionize how we live, work and interact with the world around us.

In the financial services sector, AI is already starting to make an impact. From retail banks using chatbots to answer customer queries, to insurance companies using AI to detect fraud, the applications of AI in finance are vast and varied.

What’s more, as AI technology continues to develop, so too will its impact on financial services. In the future, AI could be used for things like automating investment decisions, providing personalised financial advice and even detecting financial crimes.

The possibilities are endless – and it’s exciting to think about what the future of AI in finance might hold.

How AI is Changing the Financial Services Industry

Artificial intelligence (AI) is big news in the financial services industry. From retail banking to investment management, AI is being used to drive better customer experiences, automate back-office processes and create new revenue opportunities. Here are some of the ways AI is changing the financial services landscape:

1. Improved customer service: AI-powered chatbots and digital assistants are being used to provide 24/7 customer support. These virtual assistants can handle simple tasks like providing account balances and transaction history, as well as more complex requests like mortgage rate quotes and loan applications.

2. Smarter fraud detection: AI is helping financial institutions detect and prevent fraud more effectively. By analyzing large data sets, AI can identify patterns of fraudulent behavior that human analysts might miss. This helps banks and other companies save money on fraudulent claims while also protecting customers from identity theft and other types of fraud.

3. Greater insight into customer behavior: Banks are using AI to gain a deeper understanding of their customers’ needs and preferences. By analyzing customer data, AI can help banks personalize products and services, offer targeted recommendations and even predict future behavior. This allows banks to proactively address potential problems and seize new opportunities.

4. Automated back-office processes: AI is streamlining many back-office processes in the financial services industry, from claims processing to compliance monitoring. This increased efficiency frees up employees to focus on higher-value tasks, such as developing new products or providing one

Automation & Automated Trading

The financial sector is under pressure to keep up with the accelerating pace of change in the world around it. In particular, the industry is feeling the need to catch up with the automation revolution that is transforming other sectors.

There are many ways in which automation can benefit the financial sector. For example, it can help reduce costs, speed up processes, and free up staff for more value-added activities. Automation can also help improve accuracy and compliance.

One area where automation is having a big impact is in trading. Financial institutions are using algorithms to automatically execute trades based on pre-set parameters. This has led to a significant increase in trading volumes and has made markets more efficient.

Another area where automation is making inroads is in customer service. Financial institutions are using chatbots and artificial intelligence (AI) to provide customers with 24/7 support. This is particularly beneficial for tasks such as answering simple questions or providing account balances.

Automation and AI are transforming the financial sector by making it more efficient, accurate, and responsive to customer needs. This is benefiting both businesses and consumers alike.

Fraud Detection & Prevention

Fraud detection and prevention is one of the most important applications of AI in the financial sector. Financial institutions lose billions of dollars every year to fraud, and traditional methods of detecting and preventing fraud are often ineffective. AI can help financial institutions reduce their losses by identifying patterns of behavior that indicate fraud, and by constantly monitoring transactions for suspicious activity.

AI is already being used by some financial institutions to detect and prevent fraud. Banks are using AI to monitor customer transactions and flag suspicious activity, and insurance companies are using AI to identify fraudulent claims. In the future, AI will become even more important for detecting and preventing fraud, as it will allow financial institutions to monitor more data points and identify more sophisticated patterns of behavior.

Banking & Lending

Banking and lending are two of the most heavily regulated industries in the world. Banks and other financial institutions are required to follow strict rules and regulations designed to protect consumers and ensure the stability of the financial system.

However, these regulations can also make it difficult for banks to compete in today’s digital world. New technologies, such as artificial intelligence (AI), are providing a way for banks to overcome some of these regulatory hurdles and better compete in the digital age.

AI is helping banks automate many of their processes, from customer service to fraud detection. This not only saves the bank time and money, but it also helps improve the quality of service they provide to customers. In addition, AI is providing new opportunities for banks to offer personalized services and products that are tailored specifically to each customer’s needs.

As AI continues to advance, we can expect to see even more changes in the banking and lending industry. For now, AI is providing a much-needed boost to an industry that is struggling to keep up with the pace of change in the digital world.

Investment Management

The financial sector is under pressure as consumers shift their spending habits and traditional brick-and-mortar businesses close their doors. In response, the industry is turning to artificial intelligence (AI) for help.

AI is already being used in a number of ways within the financial sector, including investment management. Investment managers are using AI to help identify opportunities, make decisions, and manage portfolios.

One company that is using AI for investment management is Wealthfront. Wealthfront is an automated investing service that provides personalized advice and invests your money for you. The company uses machine learning algorithms to monitor your investments and make recommendations based on your goals.

Another company using AI for investment management is Betterment. Betterment is an online financial advisor that provides personalized advice and invests your money for you. The company uses algorithms to monitor your investments and make recommendations based on your goals.

If you’re looking for an investment manager that uses AI, there are a few options to choose from. However, it’s important to do your research to find one that best suits your needs.

Security & Compliance Solutions

Security and compliance solutions are critical for financial institutions as they look to adopt AI technologies. These solutions can help ensure that data is properly secured and that any potential risks are identified and mitigated. By implementing these solutions, financial institutions can not only protect their data, but also improve their overall compliance posture.

Challenges of Adopting AI in Financial Services

When it comes to AI, the financial sector is lagging behind other industries. This is due to a number of factors, including the regulations that govern the industry, the need for data privacy, and the conservative nature of the sector.

However, there are a number of ways that financial institutions can adopt AI. One way is through chatbots. Chatbots can be used to provide customer service, process transactions, and even give financial advice.

Another way is through the use of predictive analytics. Predictive analytics can be used to identify trends and patterns in customer behavior. This information can then be used to make better decisions about products, services, and marketing campaigns.

The biggest challenge for financial institutions when it comes to AI is data privacy. Financial institutions have a lot of sensitive customer data that they need to protect. This makes it difficult to share data with third-party AI providers.

Another challenge is regulations. The financial sector is highly regulated and there are strict rules about how data can be used and shared. This makes it difficult for financial institutions to experiment with new AI applications.

Despite these challenges, there are a number of ways that financial institutions can adopt AI. By chatbots and predictive analytics, financial institutions can provide better customer service, process transactions more efficiently, and make better decisions about products and services

Conclusion

As AI continues to develop, it will be interesting to see how the financial sector evolves and capitalizes on its benefits. Automation of processes and abilities like predictive analytics are key steps in creating efficient markets that can better serve their customers. Furthermore, by using technologies such as machine learning and natural language processing, companies can create more personalized experiences for their customers. It is clear that Artificial Intelligence has revolutionized the financial sector, making it easier than ever before for people to access banking services from anywhere in the world.

[gentlemans-code20]

#ArtistVanguard - Brit Marling

Brit Heyworth Marling (born August 7, 1982) is an American actress and screenwriter. She rose to prominence after starring in several films that premiered at the Sundance Film Festival, including Sound of My Voice (2011), Another Earth (2011), and The East (2013), each of which she co-wrote in addition to playing the lead role. She co-created, wrote, and starred in the Netflix series The OA, which debuted in 2016.

[unreliablesnake]

I'm talking to journalists in a high-pitched and cheerful voice on the phone, and I'm so sick of myself because of that. I'm not like this. I'm not cheerful. What the hell? Which one of my bosses or seniors conditioned me to do it over the years?

[tvsnext]

Giving Customers What They Want from Financial Services

Our society has experienced a major shift in its activities over the past couple of decades. Instead of doing things manually, we have discovered ways to ease our workloads using technology. We saw major changes in the way we do our taxes, manage our bank accounts, or even purchase the things we need and want daily with the help of technology. Digital banking was introduced into the market, and it revolutionized the way we handle our transactions and finances.

In this technologically advanced society, financial service providers need to find ways to integrate technology into their services. Their systems and services must cater to their customers’ needs without being too much of a hassle to use. Considering this, a great starting point for financial service providers is to think about flexibility— how can you make your services flexible to the varying needs of your customers? In this article, you will learn three principles that you can apply to make your customers’ digital banking experience seamless and flexible.

What does the financial services industry look like today?

Gone are the days when financial service providers used traditional methods of doing business. The digitalization and incorporation of technology into the way we do business has been prompted by many factors. However, they all have a common target — customer satisfaction.

For instance, the COVID-19 pandemic brought many challenges for businesses in serving their customers. With people stuck in their homes, they couldn’t interact with merchants as before. This need for contactless transactions made digital payment systems more widely used among customers. In fact, Chase’s Digital Banking Attitudes Study found that in the past year, 93% of consumers have used at least used one digital payment method. This proves how essential it is to find alternative payment methods when it comes to day-to-day transactions.

Another rising trend in the financial services industry is the use of Buy Now, Pay Later (BNPL). This new entrant in the financial services industry splits purchases, particularly those worth large amounts, into smaller installments. Often, these installments come with no interest or fees. For an individual with an average income, this option seems to be the most beneficial, especially when their budget is a bit tight. Although BNPL service providers and users are still fewer than those who accept payments via other methods, it is no doubt that BNPLs will be among the major players in the financial services industry in the near future.

How Can You Incorporate Flexibility into Financial Services?

Let’s face it, customers love it when service providers are flexible. This is also applicable to the financial services industry. You have learned that financial services providers alter their business to fit their customers ‘ever-changing needs. Now, it’s good business to focus on how you can provide flexibility in yours. Here are three principles to keep in mind so that you can keep up or even get ahead of the financial industry trends.

Form partnerships

When it comes to financial services, you cannot take care of all the transactions alone. Although you can implement strategies to give the customers seamless experiences when it comes to handling finances, it is not always certain that what you provide is all that your customers need. Sometimes, what you need to give utmost customer satisfaction is to partner with other financial service providers – especially those who provide innovative products and services. This way, you can give your customers the flexibility that they crave without the cost of developing your own tools.

In forming partnerships, you have to consider whether you are in a good position for it. You have to assess whether you have existing operating models which enable sharing of research and insight, particularly those involving your competitors. You also need to think about your partnership strategy. After all, a partnership can be a huge factor in deciding your future strategies. For example, a partnership can eventually lead to the acquisition of the partner, or to building the product used in-house.

Aim to create seamless experiences

In any service that we use, we want a smooth and efficient experience. This is the same when it comes to financial services. Consumers want their transactions to be seamless; they do not want to have any problems with their interactions such as their payments not going through. With this in mind, financial services providers must make their systems and products as seamless as possible.

Highlighting seamless experiences in your services and products not only attracts potential consumers but also helps retain existing ones. This is because customer satisfaction is highly influenced by user experience. Even having one unpleasant experience in the services and products you provide can cost you a customer or your potential market. Remember that the first thing people look at when they are trying something new is the reviews about the experience previous customers had with it.

In creating seamless experiences for your consumers, you first have to evaluate your processes and tools. Take a look at your current strategies and action plans and see whether they are geared towards the continuous improvement of your customers’ experience with your products and services. You should also consider the problems customers frequently experience and generate tools that can help you with them. These tools do not have to be expensive. As long as they can efficiently help create seamless experiences for customers, even low-cost ones will be a huge help.

Focus on long-term strategies than short-term ones

A rapidly changing world calls for decision-makers who are focused on the business’s long-term goals and plans. You should focus your strategies and action plans on how the future of the market can be shaped. This way, you can create new opportunities for the market itself, as well as foster an innovative and proactive mindset for your team.

Focusing on the long-term requires that you look at all the possible futures the market may experience. You can do this by looking at the outside factors that have the potential to influence the financial services industry. Once you have identified the factors and all possible futures, you can start by identifying all the actions you may need to become a frontrunner in the possible future that you’ve created.

Thinking long-term can mean you have to go big on your vision. You can create strategies using this vision to define your value and determine what you can bring to the table.

The Final Say

Technology has given a lot of opportunities for different industries to evolve and innovate their services. This includes the financial services industry. However, despite these opportunities, the goal still stays the same— to give customer satisfaction. You can learn from the latest trends in the market as you create ways to solve customer problems and provide them with the flexibility that they crave. If you are in need of ways to incorporate flexibility in your financial products and services, you can use the principles we’ve mentioned here as your guide. However, you must take into account that these principles are not constant. You should still be able to evolve these principles as new trends in the market arise. This way, you can become the frontrunner in providing customers with the satisfaction they want.

[danieljeddman]

The Bank of Ghana is Accused of Directing Banks to Roll Over COCOA BOARD Investors’ Bonds On Their Blind Side

The Bank of Ghana is receiving flak for allegedly directing commercial banks to take back money paid to investors who bought COCOBOD bonds The bonds matured on Thursday, January 19, 2023 and monies were paid in investors’ accounts accordingly However, on Friday, the banks rolled over the cash unilaterally, explaining that the central bank directed them to do so It has emerged that the Bank of…

[skylarkinfo]

Huge congratulations to the team at SKYLARK for winning the APJ Edge Connect Partner of the Year award! This award is a testament to the hard work and dedication we've put into driving Aruba's SD-WAN business in the financial sector. So proud of our team and the impact we're making in the industry.

[financeintroduction]

Thriving in the Financial World: Keys to Successful Business in Finance

The finance sector, a dynamic and ever-evolving industry, is a cornerstone of global economic health. For entrepreneurs and businesses, carving a successful path in this competitive field requires not only an understanding of financial concepts but also a strategic approach to operating within this complex environment. This blog offers insights into the critical aspects of running a successful business in the finance sector, highlighting key strategies and trends that can help businesses flourish. From innovative financial solutions to navigating regulatory landscapes, we delve into what it takes to succeed in the world of finance.

Embracing Technological Advancements : In the digital age, technology plays a pivotal role in the finance industry. Businesses in finance must embrace technological advancements to stay competitive. This includes adopting fintech solutions, leveraging data analytics for informed decision-making, and utilizing blockchain for secure transactions. Embracing digital transformation is not just about staying relevant; it's about enhancing efficiency, improving customer experience, and opening new revenue streams. For instance, implementing AI and machine learning can automate complex processes and provide personalized financial services, setting your business apart in this tech-driven landscape.

Understanding Regulatory Compliance: The financial sector is heavily regulated to ensure stability and protect consumers. Businesses operating in finance must have a thorough understanding of these regulations and comply with them. This includes adhering to local and international financial laws, understanding anti-money laundering (AML) policies, and keeping abreast of changes in financial regulations. Failure to comply can lead to legal repercussions and damage to reputation. Therefore, investing in compliance is crucial, as it not only safeguards the business but also builds trust with clients and stakeholders.

Innovative Financial Products and Services : To stand out in the finance industry, businesses need to offer innovative financial products and services that meet the evolving needs of consumers. This could involve developing new investment products, offering customized financial planning services, or creating user-friendly digital banking platforms. Innovation in finance is not just about product development; it's about rethinking traditional financial models and finding new ways to deliver value to customers. By focusing on innovation, businesses can differentiate themselves and capture new market segments.

Building Strong Customer Relationships : In finance, trust and reliability are paramount. Building strong relationships with customers is essential for long-term success. This involves not just providing excellent customer service but also engaging with customers through financial education, transparent communication, and personalized advice. Establishing a strong customer relationship management (CRM) system can help in maintaining and analyzing customer interactions, ensuring a more personalized and efficient service. By prioritizing customer relationships, businesses can enhance customer loyalty, increase referrals, and build a strong brand in the financial sector.

Conclusion: Running a successful business in finance requires a multifaceted approach that includes embracing technology, ensuring regulatory compliance, innovating in products and services, and building strong customer relationships. In the fast-paced world of finance, staying ahead means continuously adapting and evolving to meet the changing demands of the industry. By focusing on these key areas, businesses can navigate the complexities of the financial sector and carve a path to success. Whether you’re a startup or an established player, these strategies are fundamental in shaping a thriving business in the dynamic world of finance.

[cpaas]

CPaaS a technology that empowers the financial sector.

[lisakeller22]

Advantages Of Financial Technologies For The Banking And Finance Industries

[sun-technologies]

RPA and Automation: Boosting Operational Success across the Finance and Accounting Sector

Our businesses are overburdened with tedious chores. Thus, we are falling behind in the race to the top! Nevertheless, RPA in finance might be the unseen power propelling your company's automation and efficiency. Robotic process automation, is one of the most revolutionary technologies of our time. Organizations with obsolete legacy systems seek automation to aid in the digital transformation of their business operations.

Every day, banks and financial institutions manage with a large number of clients and transactions. The huge number of work and procedures may quickly become daunting, time-consuming, and expensive in terms of possible mistake rate. To address these issues, robotic process automation in finance and accounting may totally redefine how you do business.

In this blog, we'll discuss the benefits of RPA in Finance and Accounting, the difficulties that RPA strives to solve, RPA use cases, and much more…

 Justification for RPA Tool Investment in Finance

Numerous transactions, a large amount of data, and the need to pay close attention to details are the lifeblood of the business for finance teams. A team that has to be error-free, nimble, and sensitive to shifting rules and consumer expectations may find all this manual tasks to be difficult to handle.

Instead of needing to perform everything manually, finance may invest in robotic process automation in finance and accounting for comparatively cheap costs and great returns. Because most procedures in the industry are time-sensitive and repetitive, it is straightforward to develop an RPA system to run the operations on repeat. All the while, your team saves time, the company saves money, and everyone benefits from more precisely performed work.

 RPA's advantages and uses in finance

Intelligent bots can accurately enter and re-enter financial data, automating repetitive activities

Automation is ideal for rule-based operations seen in mortgage companies. RPA bots can handle all of the searching and analyzing for you, saving you money

RPA simplifies finance and accounting by allowing for the standardisation of official paperwork as well as the management of important data and client information

Automation in the financial sector leads to process change. Furthermore, effective processes and corporate activities convert into profits

RPA use cases in finance and accounting

Financial planning and forecasting

RPA may be set up to analyse historical data, compile financial statements, and develop projections, freeing up trained workers to formulate and implement strategies.

Tax reporting automation

RPA automates manual operations such as data collection, report generation, computing tax due, and reconciling tax data.

Record to report

RPA makes it simple to automatically record journal entries, reconcile finances, and handle day-to-day activities while keeping a full audit record.

Accounts receivables and payable automation

By automating all human operations, RPA can keep accounts receivable under control in order to maintain a strong financial standing and minimal cash gaps. All invoices may be linked to purchase orders, saving time and effort in accounts payable.

RPA installations that are strategic and timely may save time and money for finance teams and whole enterprises.

Important factors influencing RPA adoption in enterprises

Organizations may save time, money, and resources by automating repetitive operations. It allows staff to focus on higher-value, more profitable jobs

RPA may be used to automate complicated and time-consuming operations

The opportunity to communicate with clients in a more personal manner, which is more convenient for the customer because they do not need to leave their home or business

The capacity to reduce risk and establish a more secure environment in which clients may communicate with their company

RPA enables businesses to cut the cost of application development, maintenance, and support

For issues that the banking sector is facing, RPA is the right reaction

RPA Benefits for Banking & Financial Services

RPA has the potential to save 84% of loan processing expenses

RPA deployment saves 64% - 67% of IT and reduces operating costs

RPA can cut banks' and borrowers' loan processing times by 85%

68% of automation technology users claimed RPA eliminated repetitious activities

84% of employees say automation has enhanced their job performance

Transform your financial business operation with Sun Technologies’ RPA services

RPA CoE

World-class experts to manage enterprise-wide RPA functions leveraging our CoE framework

Proven expertise

RPA Consulting

  Create and identify processes that require automation

  Suggest tools that best fit your business landscape

  Streamline your productivity, and build a roadmap for automation rollout

Custom RPA Solutions

Intelligent automation with AI/ML technologies

The value-driven business process automation approach

Simplify, optimize, automate and scale

24/7 support

Why Sun Technologies for RPA Services?

RPA CoE for all automation concerns

High customer satisfaction

Experience in process improvement merged with technical capabilities through our RPA service expertise

One stop for all your RPA challenges

Conclusion

Today's financial industry relies on technology. It now serves as the foundation and centre of even the most basic processes. However, given that big data is making it hard for humans to handle everything, this is a much-needed opportunity.

Simply put, a firm consumes too much information to tackle it alone. Fortunately, technology like robotic accounting allows employees to concentrate more on creative, human labour while lessening their reliance on automating tasks.

Our 360-degree RPA excellence from initial assessment, design, RPA CoE, strategy, and maintenance in enhancing productivity and achieving operational results allows organizations to reduce mundane and redundant manual tasks.

Looking for a trusted partner who can help you save 50% of your expenses by automating processes?

 Get ready to achieve greater ROI?