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.