KYC process automation in finance & banking | Featsystems

KYC process in finance & banking

KYC process automation using RPA Bot

  • The critical Compliance process is handled manually in most of the banks. But, hiring professionals for this process or handling the process error-free are some of the challenges that the Banks face. Process Automation can help Banks by:
    • Collecting information from customers through banking portals.
    • Using digital signature support.
    • Data screening and validating the data using plugins
  • Using bots (RPA) will automatically save time and also prevent any losses incurred due to inaccurate data or information collected.

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