Most banks and financial institutions struggle with the challenges posed by risk and regulatory compliance processes. Critical processes such as anti-money laundering alert investigations, Know Your Customer (KYC) validation, mortgage fraud checks, etc. can be time-consuming and repetitive. They’re also prone to errors at high volumes and involve multiple systems and data formats, making data aggregation and reconciliation a complicated, laborious affair.
Some large global banks have led the way navigating this complex technology and regulatory landscape with RPA. With cognitive machine learning, natural language processing, flexibility, and end-to-end automation capabilities, Jiffy RPA is uniquely positioned to help banks with regulatory compliance processes.
Download our use case to know how JiffyRPA can reduce turnaround times by up to 7 times, increase servicing capabilities, and improve organizational efficiency in banking.