Intelligent Automation has gathered tremendous interest in the banking sector. In this new era, an increasing number of Banks are gearing to adopt AI and RPA to not just stay competitive, improve efficiency, but also reduce the burden of hiring non-core resources. It will allow banks to offer new features and experiences for their customers and enter new markets to grow which have been traditionally quite difficult.’
The concept of intelligent automation in the digital world is evolving, and the technology is progressing adding more capabilities of human brains into machines day by day. Banks nowadays are trying to deploy the latest automation technologies for delivering the next wave of productivity, cost savings, and improvement in customer experiences.’
Kinfos Events is now proud to present USA’s first annual Intelligent Automation In Banking Summit. Earlier, this dedicated conference was successfully held in Europe with strong industry support. This show is a perfect blend of artificial intelligence, machine learning and robotic process automation where we will be discussing how AI and RPA will revolutionize the modern banking system and enhance the customer experience.’
Join here to stay up to date with the latest trends in AI, RPA, Cognitive Automation, Machine Learning, and related topics. It offers a unique good opportunity for solution providers, vendors to not just associate their brand names with this emerging sector, but also to power project themselves as Industry front-runners and pioneers which are shaping the future of AI and RPA.’
i. What is Intelligent Automation?
Intelligent Automation is the combination of Artificial intelligence (AI) and Robotic Process automation (RPA) systems which senses and synthesizes vast amounts of information and streamlines entire processes, their workflows (applications ranging from routine to the revolutionary), learning to adapt as it goes to achieve unprecedented levels of efficiency, quality, and making complex decisions faster.’
ii. Why do banks need Intelligent Automation?
The rapid development of intelligent automation is ushering in a new era of productivity and innovation. In recent years, if IA has impacted one industry more than any other, it’s the Banking industry. An increasing number of Banks are gearing to adopt AI and RPA to not just stay competitive, improve efficiency, but also reduce the burden of hiring non-core resources which can be easily automated. According to analysts estimate’
AI (Artificial Intelligence) alone will save more than $1 trillion in the banking industry. Financial institutions should expect a 22% cost reduction in operating expenses due to AI, with most of the savings coming from the front office. IA (Intelligent Automation) will also allow banks to offer new features, better user experiences for their customers and enter new markets to grow which have been traditionally quite difficult.’
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