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Datamatics Global Services Ltd.
Robotics Process Automation (RPA)
2
Agenda
•Current RPA Scenario
•Impact on Financial Industry
•Challenges in RPA Adoption
•Robotics v/s Automation
•Leverage RPA for transformation of financial processes – BFSI Adoption
•Key Drivers & Benefits
•Recommended Approach to Robotic Process Automation
•Future Trends
3
Current RPA Scenario
Source: Everest Group - RPA : technology vendor state of the Market Report 2017*
4
Impact on Financial Industry
HighHigh
GrowthGrowth
MinimizeMinimize
CostCost
Impact OnImpact On
Bottom LineBottom Line
ReducingReducing
Operational andOperational and
Technology RiskTechnology Risk
Growth with a CAGR of 75% during
2015-2020
Newer methods to lower costs and
improve profitability
Enhancing their quality of services,
empowering their transformation
agility while also, reducing their
operational costs
RPA “talks” with existing
infrastructure ensuring enterprise-
level collaboration.
Impact
RPA Adoption in BFSI
5
• Fast Recovery
• Resilience Strategies
• Anti-Money Laundering
• Zero Fault Tolerance
REGULATORY
ANDCOMPLIANCE
FINANCIAL RISK
MANAGEMENT
CYBER RISK
AND RESILIENCE
SOURCING AND
PROCUREMENT
FINANCE AND
ACCOUNTING
• Credit and Market Risk
Exposure
• Operational and
Transactional Risk
• Data Quality Control
• Governance
• Compliance Risk
assessment
• Detailed Auditing and
Reporting
• Procure-to-Pay
• Contract Management
• Supplier Management
• Spend Analysis
• Order-to-Cash
• P&L Reporting and
Analysis
• Accounts Payable,
Account Receivable
• Treasury Management
• Internal Controls
• Record to Report
Challenges in RPA implementation
RPA Myths
Robotics V/S Automation
• RPA improves performance with minimal or no process change
• Robotics brings an easy-to-calculate ROI
• Automation needs higher revenue spend and takes
longer implementation cycle
Leverage RPA for transformation of financial processes – BFSI Adoption
9
Customer
on-boarding
and preparing
Data for
Account
Opening or
Service
Requests
Claims
Processing,
predominantly
from
Customer-
Facing
Scenarios
Customer
Servicing &
Compliant
handling
Regulatory
Compliance
Reporting
Global Trade
Finance
Documents
Forex and
Treasury
Operations
Key Drivers & Benefits of using RPA
SEAMLESS
INTEGRATION
FRAUD
PREVENTION
TAPPING INTO NEW
OPPORTUNITIES
REVENUE
INCREASE
REGULATORY
COMPLIANCE
TRANSFORMATION
TRANSPARENCY
NON-INVASIVE
DIGITAL WORKFORCE
(24x7 Availability)
11
Recommended Approach to RPA provider selection
Future Trends
News
Transactions/
Records
Email
Social
Media
Documents/
Data
SMS
Audio
Video
Lexicon™
Context
Analysis
Synapsis™
Pattern
Detection
Artificial
Intelligence
Platform
Insights
Human-Data
Interface
Robot
business@datamatics.com
www.datamatics.com
Thank
YOU

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Robotics Process Automation for Banking, Financial Services and Insurance (BFSI) Industry

  • 1. Datamatics Global Services Ltd. Robotics Process Automation (RPA)
  • 2. 2 Agenda •Current RPA Scenario •Impact on Financial Industry •Challenges in RPA Adoption •Robotics v/s Automation •Leverage RPA for transformation of financial processes – BFSI Adoption •Key Drivers & Benefits •Recommended Approach to Robotic Process Automation •Future Trends
  • 3. 3 Current RPA Scenario Source: Everest Group - RPA : technology vendor state of the Market Report 2017*
  • 4. 4 Impact on Financial Industry HighHigh GrowthGrowth MinimizeMinimize CostCost Impact OnImpact On Bottom LineBottom Line ReducingReducing Operational andOperational and Technology RiskTechnology Risk Growth with a CAGR of 75% during 2015-2020 Newer methods to lower costs and improve profitability Enhancing their quality of services, empowering their transformation agility while also, reducing their operational costs RPA “talks” with existing infrastructure ensuring enterprise- level collaboration. Impact
  • 5. RPA Adoption in BFSI 5 • Fast Recovery • Resilience Strategies • Anti-Money Laundering • Zero Fault Tolerance REGULATORY ANDCOMPLIANCE FINANCIAL RISK MANAGEMENT CYBER RISK AND RESILIENCE SOURCING AND PROCUREMENT FINANCE AND ACCOUNTING • Credit and Market Risk Exposure • Operational and Transactional Risk • Data Quality Control • Governance • Compliance Risk assessment • Detailed Auditing and Reporting • Procure-to-Pay • Contract Management • Supplier Management • Spend Analysis • Order-to-Cash • P&L Reporting and Analysis • Accounts Payable, Account Receivable • Treasury Management • Internal Controls • Record to Report
  • 6. Challenges in RPA implementation
  • 8. Robotics V/S Automation • RPA improves performance with minimal or no process change • Robotics brings an easy-to-calculate ROI • Automation needs higher revenue spend and takes longer implementation cycle
  • 9. Leverage RPA for transformation of financial processes – BFSI Adoption 9 Customer on-boarding and preparing Data for Account Opening or Service Requests Claims Processing, predominantly from Customer- Facing Scenarios Customer Servicing & Compliant handling Regulatory Compliance Reporting Global Trade Finance Documents Forex and Treasury Operations
  • 10. Key Drivers & Benefits of using RPA SEAMLESS INTEGRATION FRAUD PREVENTION TAPPING INTO NEW OPPORTUNITIES REVENUE INCREASE REGULATORY COMPLIANCE TRANSFORMATION TRANSPARENCY NON-INVASIVE DIGITAL WORKFORCE (24x7 Availability)
  • 11. 11 Recommended Approach to RPA provider selection