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»
Insurance Intelligent Process Automation Use Case The Best Way to Automate ACORD Form Processing: Intelligent AutomationĀ February 22, 2021 by adamdev The insurance industry is awash in documents of various types, but one category stands out: ACORD forms. Any insurance company that succeeds in implementing intelligent document processing for ACORD forms will be ahead of the game. But companies that automate ACORD form processing along with other types of unstructured content āĀ well, theyād be dominating the […] Read more Ā» acord forms insurance insurance form automation Intelligent automation
Intelligent Process Automation Use Case How Intelligent Document Processing Helps Automate Auto Insurance Claims Processes February 1, 2021 by adamdev While insurers are interested in automating insurance processes of all kinds, the auto insurance claims process may be furthest along mainly due to the technology built into most cars today. Using telematics data from cars, insurance companies can now offer policies that take into account a clientās driving habits, including how many miles they drive, […] Read more Ā» insurance Intelligent document processing P&C Insurance
Intelligent Process Automation Investment Banking Use Case Automating the Trade Confirmation Process with Intelligent Document Processing January 26, 2021 by adamdev Financial firms involved in trading know the confirmation process can get complex and time-consuming. That’s why investment banks and others are now turning to intelligent document processing as a way to streamline the process.Ā Any trade ā including over-the-counter stocks, stocks traded on an exchange, and derivatives ā requires a settlement process and, ultimately, a […] Read more Ā» trade confirmation trade confirmation automation
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
Artificial Intelligence Insurance Intelligent Process Automation Use Case How Intelligent Automation Helps Insurers Streamline Enrollment Processes November 19, 2020 by adamdev Getting new clients is a good thing, but for insurance companies it also creates a challenge: processing all the required documents. To date, itās been a largely manual process that for large insurers can easily involve 15 million documents per year, making it a ripe target for intelligent document processing technology. Think about a large […] Read more Ā»
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»
Insurance Intelligent Process Automation Robotic Process Automation Use Case RPA and Insurance Claims Processing: Unstructured Data Automation Requires AI October 27, 2020 by adamdev Our last post discussed how companies often find automation solutions that enable them toĀ address rather simple use cases involving structured data but hit the wall when it comes to more complex processes. Using robotic process automation for insurance claims automation is one such instance where that’s often the case.Ā It’s an issue because insurance companies […] Read more Ā» insurance claims automation robotic process automation
Insurance Intelligent Process Automation Use Case How Intelligent Automation Helps Insurers Process Workersā Comp Claims October 13, 2020 by adamdev Of all the processes a commercial insurance company has to deal with, workersā compensation claims are perhaps the most complex and time-consuming, making it a great candidate for an emerging branch of artificial intelligence technology: claims process automation. To understand why, letās look at how a workersā comp claim typically evolves. After someone gets hurt […] Read more Ā» insurance claims processing Intelligent automation Intelligent process automation workers' comp claims
