Commercial Banking Intelligent Document Processing How intelligent document processing can address the bank efficiency ratio issue April 22, 2022 by adamdev U.S. banks have been suffering a bout of inefficiency of late, as evidenced by efficiency ratios headed in the wrong direction. Steps need to be taken to right the ship and adopting technologies such as intelligent document processing can clearly be part of the solution. Efficiency ratios are a measure of how well banks control […] Read more Ā»
Artificial Intelligence Commercial Banking Insurance Intelligent Document Processing Step up your automation game: apply intelligent document processing to corporate email inboxes February 1, 2022 by adamdev In talking with customers, one intelligent document processing use case comes up again and again: automating corporate email inbox processing. Whether itās insurance, mortgage processing or just a generic corporate ādigital mailroom,ā most every company has an issue dealing with the massive quantities of email they get every day. Email is a good example of […] Read more Ā»
Commercial Banking Commercial Real Estate Insurance Intelligent Document Processing Use Case 3 Industry Examples of How Unstructured Data Processing is Key to Automation Success August 12, 2021 by adamdev All enterprises are interested in automating numerous processes as part of their digital transformation efforts. But they often settle for less than an actual ātransformationā when it comes to processes that involve unstructured content and data.Ā Technologies such as robotic process automation (RPA) are good at automating repetitive tasks that involve highly structured data sources […] Read more Ā»
Artificial Intelligence Commercial Banking Why Explainable AI is Crucial for Intelligent Automation in Commercial Banks June 1, 2021 by adamdev As commercial banks seek to automate document-intensive processes, they need to be mindful about using artificial intelligence technologies that leave them unable to explain why or how decisions were made. The antidote to such āblack boxā technologies is the concept of āexplainable AI”. Itās an issue because any perception of bias in commercial banking practices […] Read more Ā» Explainable AI
Commercial Banking Financial Services Intelligent Process Automation Investment Banking Use Case How Intelligent Automation Delivers Value Through Process Acceleration April 1, 2021 by adamdev In talking to customers about the return-on-investment they can expect from intelligent document processing, many believe it comes only from straight-through processing (STP), where a process is completely automated end-to-end. In practice, itās the rare use case that can achieve full STP, but every intelligent automation use case still delivers ROI by accelerating the process […] Read more Ā» Intelligent automation Intelligent automation tool Straight-through processing Intelligent document processing Intelligent process automation machine learning unstructured content automating invoice processing STP
Commercial Banking Financial Services Intelligent Process Automation Use Case How to Automate Anti-Money Laundering Regulatory Compliance with Intelligent Document Processing March 5, 2021 by adamdev Every financial institution must meet various regulatory requirements, including one, anti-money laundering (AML),Ā which requires them to peruse literally thousands of documents and web pages. Thatās why AML automation of documents has been high on financial institution wish lists for some time now.Ā In the U.S., meeting AML requirements means complying with theĀ Bank Secrecy ActĀ and […] Read more Ā»
Commercial Banking Intelligent Process Automation Use Case Tame the Mortgage Refi Process with Intelligent Automation February 25, 2021 by adamdev Sixteen times in 2020 mortgage rates fell to record lows, prompting an astounding 105% increase in mortgage refinance applications as compared to 2019. While thatās great news for homeowners as well the financial institutions writing all those mortgages, it also creates serious demand for intelligent automation in mortgage document processing.Ā Consider that each mortgage refinance […] Read more Ā»
Commercial Banking Financial Services Intelligent Process Automation Use Case 3 Ways Intelligent Automation Transforms the Mortgage Origination Process January 4, 2021 by adamdev Banks and mortgage brokers have a problem: their customers arenāt too happy with them. One big reason is that their mortgage origination processes are too slow, a situation that is crying out for mortgage process automation solutions, including for loan origination automation. Banks are losing business to non-depository loan originators, which have doubled their market […] Read more Ā» AI Intelligent automation mortgage mortgage origination
Commercial Banking Financial Services Intelligent Process Automation Robotic Process Automation Use Case Combining IPA & RPA to Automate Lockbox Processing November 5, 2020 by adamdev In yet another example of an automation use case where robotic process automation (RPA) alone cannot get the job done, this week we bring you an example from the financial services realm: lockbox processing. Itās an example of a process that requires an intelligent automation tool to āreadā documents that include unstructured content, in this […] Read more Ā»
Commercial Banking Intelligent Process Automation Robotic Process Automation Use Case Donāt Labor over LIBOR: Meet the Looming Deadline with Intelligent Automation September 30, 2020 by adamdev In 2017 a UK-based regulatory group announced the LIBOR interest rate benchmark would be phased out at the end of 2021. With that date rapidly approaching, banks and financial institutions around the globe are scrambling to determine their exposure ā a task thatās tailor-made for intelligent automation solutions. How we got here: LIBOR background Since […] Read more Ā»
