Are financial services ready for automation?
The financial sector is ripe for automation and to clear away decades of bureaucratic processes, but can it be done when so many legacy systems so well entrenched? The benefits of automation could mean that processes are speeded up, with application forms for bank services taking only hours to process instead of days.
financial services industry has seen myriad changes over the past
decade, adapting to new regulations, greater competition, tougher
market conditions and changing technology, as highlighted in
Capgemini's World FinTech Report 2017. The next trend to hit will be automation where high-volume, low-value tasks will be carried
out by automation software, leaving staff free to concentrate on