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Managing your repetitive HR process like payroll management, onboarding process, compensation, benefits, performance management and other process made simple with Robotic Process Automation by Silver Touch Technologies Ltd.
Know more: https://www.silvertouchtech.co.uk/robotic-process-automation-services/
Connect us: https://www.silvertouchtech.co.uk/contact-us/
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RPA in banking and financial sector executes the process faster, error free and secure.With the implementation of technological advancements like robotic process automation, Banking and Finance sector seems to have an exponential growth in terms of faster, secure & reliable process.There are various use cases where implementing RPA can benefit the banking and finance service industry.
RPA implementation in banking helps in the following areas:Credit Card ProcessingMortgage Loan processingFraud DetectionKYC processReport Automation ProcessingAccount Closure Process
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Artificial Intelligence is basically a set of processes which executes on itself without any human intervention, whereas automation refers to some instructions that are fed to a machine to execute recurring processes.
The major reason behind both these complementary technologies referred to as one is because, both these operate with one major goal- reduce unnecessary human intervention, create value and boost the efficiency of tasks!
To keep matters simple, let us see a practical implementation of both AI and automation that would get you an idea of why they go well with each other.
The experts at leading AI and automation firms like Synlogics help you come up with unique approaches and ideas that would create an enduring value for your respective firm.
A robot would do all the tasks based on rules mapped and fed on in repetition, with a greater speed and uniformity than humans and you don’t have to invest an added cost to get them trained.
Robots require information in the structured format, that is most of the data are unstructured like emails, invoices with limited information.
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