Crucial Insights

Transforming Banking Through Intelligent Automation

Transforming Banking Through Intelligent Automation

How Does RPA Become a Game-changer for Banking?

RPA is all set to transform banking as we know it. Let’s discover how.

RPA can help banks improve process efficiencies and enhance service quality, but for robotics to yield the desired result, banks will have to focus on these four aspects:

  • Integrate robotics and conventional transformation techniques
  • Transform product and process design
  • Manage the transaction chain
  • Prepare the customer

Brought to you by Tata Consultancy Services

Streamlining Bulk Loan Onboarding and Servicing Process Using Blockchain

Streamlining Bulk Loan Onboarding and Servicing Process Using Blockchain

A foolproof governance system enabled by blockchain can stem systemic misconduct

The mortgage servicing and default management industry is under tremendous pressure to enhance its loan onboarding and servicing processes. Key priorities for industry players include containing costs, improving service levels, capturing new business, and increasing profitability, while ensuring  regulatory compliance. However, lenders are faced with a slew of challenges: paper-centric manual processes, robo-signing, dual-track foreclosure, and so on.

We believe digital technologies can prove immensely helpful in countering these challenges.

  • Blockchain can help establish a strong governance system
  • RPA can improve operational efficiency
  • Cloud can foster scalability and flexibility of systems to tackle the humungous volumes of data

Brought to you by Tata Consultancy Services