Robotic Process Automation

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Disprove allegations within Insurance

With £1.9 billion paid in compensations during the 2nd half of 2016, and pension annuities about to become the new PPI, artificial intelligence and analytics may be one of the best investments an insurance company can make. Business Systems' Will Davenport explains why. Why is the issue of annuities such a major concern for Insurance companies? On May 26th 2017 the FCA published a policy statement on information prompts in the annuity market to address the continuing concerns around the mis-selling...

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Robotic Process Automation for Trade Reconstruction

Evolving regulatory requirements are creating complex challenges for financial institutions around the globe. Regulations such as Market Abuse Regulation (MAR), Code of Conduct, Dodd-Frank, and MiFID II, mandate organisations to ensure rapid trade reconstruction which in some cases needs to be turned around within 72 hours. Due to multi-channel communications, trade reconstruction is an operational challenge that most financial firms, regardless of size, experience. Traders now have multiple communication channels when communicating with customers such as voice calls (at a...

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Will the RPA help the Financial Services Industry?

Originally taken from our contribution on Bobsguide Contracts, compliance, policies, bookkeeping - financial services has always been a sector burdened by a lot of administration, a lot of paperwork. Even as the industry has moved from literally recording and documenting everything on paper to digital systems, and from face-to-face service to contact centres and online, the fundamentals have remained the same. It might nowadays be via the click of a mouse or field entry into a database, but a huge chunk...

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The business case for Robotic Process Automation within the financial services sector

Original article taken from FStech magazine Garth Hinkel, Head of Technical Services at Business Systems outlines to FStech the main applications of RPA within financial institutions. Robotic Process Automation or RPA has become the new technologically driven revolution and, as with all revolutions, it has its supporters and its critics. From major IT companies to large consultancies, they are all experimenting on new ways that Robotic Process Automation will help transform high volume, resource intensive processes that are repetitive and manual. Supporters...

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The business case of Robotic Process Automation in Councils

The business case of Robotic Process Automation in Councils From applying for a parking permit or a licence, to keeping a wild animal and renewing library books, Councils represent a major service hub of local government. In fact Councils across the UK offer more than 100 different services managed and delivered by over a million employees (not including the ever increasing outsourcing contractors). As expected most of those services depend on set processes, some simple (such as change of address)...

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