Boost efficiency, ensure regulatory compliance, and reduce costs
Financial institutions face pressure to improve performance and scale their processes rapidly. But, the complexities and costs of new technology integration make this prohibitive.
Robotic process automation in the banking and financial sector can speed up operations, cut costs, and eliminate errors – all without changing the underlying systems on which it is implemented. Through non-invasive deployment within the existing IT architecture, our RPA platform does not disrupt day-to-day operations, and improves the accuracy and efficiency of processes already in place. Kryon Robots interact with existing business applications just as humans do, manipulating data within the presentation layer of the existing user interfaces. This makes it especially suitable for use on legacy infrastructure, thus enabling financial institutions to achieve greater efficiency without unwanted IT costs.
Financial organizations risk being overwhelmed by a myriad of costly, repetitive processes that prevent them from meeting growth and profit targets. By shifting much of these recurring manual tasks from humans to a virtual workforce, financial organizations remove the burden of this work from their employees, enabling them to focus on higher-value strategic tasks that drive the business. Offloading back office tasks to robots can impact everything from operational performance and agility to lowering OPEX.
Using robotics in banking operations can help decouple HR costs from process volume by enabling organizations to seamlessly scale RPA processes and the robotic workforce. Kryon’s RPA Platform allows you to easily add and expand existing automation workflows, as well as add more robots to your workforce on-demand, in order to meet growing workloads. This simplifies operation flows and frees up people allowing organizations to re-direct valuable human resources to other key areas of growth.
Robotic process automation in banking delivers value to compliance oversight operators in the financial industry. For example, Kryon RPA’s ability to monitor and aggregate data from multiple regulatory sources enables compliance officers to stay on top of new regulatory information or rules changes, and incorporate the updates into appropriate channels and systems.
In financial risk management, Kryon RPA makes it possible for organizations to detect changes in risk exposure and determine data or business-related causes for risks by setting up sensors in the Kryon Studio. Sensors can be used to evaluate credit limits and determine causes for limit breaches, with remedial actions generated automatically.
Non-intrusive
Rapid Deployment
Highest Levels
Governance
Compliance officers of a leading global bank needed to visit over 200 different websites daily to monitor any new regulatory information or rules changes and ensure that they were updated and integrated in the appropriate channels and systems.
The bank used Kryon Robots to log in to each of the different websites and run a smart search to quickly capture regulatory information and verify it against current inputs in the regulatory compliance systems. This saved the bank a significant amount of time and manpower.
