![abstract image of corridor in a modern business center](https://www.tungstenautomation.com/-/media/images/library/images/abstract/gt-645466114-business-center-blured-background/16x9_l.jpg?h=1452&iar=0&w=2580&hash=E7BD7A74B0DC3202DF000399EDC5B8E8)
Transforming Processes with RPA in the Banking Industry
Learn how financial institutions can save money, improve outcomes and avoid errors in fast-paced workflows with robotic process automation.
Advanced Automation for Modern Finance
Robotic process automation in the financial sector is one of the most significant fintech advances since the first computer programs for accounting. It provides businesses with the opportunity to eliminate errors in critical processes, share data between disparate systems seamlessly and make every employee’s contribution more valuable to the organization. With Kofax Robotic Process Automation, optimizing basic processes in banking is within reach.
![Embossed chipped credit card lying on silver keyboard closeup. Retail sale funds savings atm stash debt visa bankcard customer security pin code management trade earn investment discount concept](https://www.tungstenautomation.com/-/media/images/library/images/industries/as-233159530-credit-card-lying-on-silver-keyboard/4x3_l.jpg?h=1936&iar=0&w=2580&hash=E9808E81BF9DAAF49E5367CB0C384322)
The Impact of RPA on Banking Processes
![Happy businesswoman working on line with multiple devices and watching a desktop computer at office](https://www.tungstenautomation.com/-/media/images/library/images/people/as-132856612-happy-businesswoman-working-with-multiple-devices/16x9_l.jpg?h=1452&iar=0&w=2580&hash=2C0DC76B016156CF8042C18FEE9B12B5)
Improve Productivity and Remove Errors
Achieve more in every workday with a hybrid workforce of RPA bots and employees. Do more with less human input, fewer touches and greater conformity to institutional rules.
![Digital Signature Concept with Tablet and Stylus Pen](https://www.tungstenautomation.com/-/media/images/library/images/digital-signature/gt-961032090-digital-signature-concept-with-tablet-and-stylus-pen/16x9_l.jpg?h=1452&iar=0&w=2580&hash=435B426BA5B51E23620A03575F4ADA28)
Automatically Trigger Fraud Alerts
With automation in banking, examples abound of ways to protect your institution’s bottom line. Build bots that trigger email alerts to approvers when transactions fall out of bounds.
![Selective focus closeup view of cables plugged into a server network panel](https://www.tungstenautomation.com/-/media/images/library/images/industries/gt-157647179-closeup-of-a-server-network-panel-with-lights-and-cables/16x9_l.jpg?h=1452&iar=0&w=2580&hash=A8F145AA2A7CBB9FF18A54EE66904C8D)
Build Rules-Based Robots for Compliance
KYC and AML are critical to regulatory compliance in finance. Use RPA automation in banking to analyze thousands of data points according to anti-fraud rules, then set up bots to raise red flags when exceptions arise.
![Colleagues workshopping business ideas in modern co working space](https://www.tungstenautomation.com/-/media/images/library/images/people/as-239002849-colleagues-workshopping-business-ideas/16x9_l.jpg?h=1452&iar=0&w=2580&hash=7234AFDFFFB52C73B6159F62A7506CF6)
Enhance Customer Service Outcomes
Streamline credit checks, loan processing and other services and make every experience for customers feel faster and more responsive.
![Two diverse businesspeople smiling while working on a laptop together at the end of a boardroom table in an office](https://www.tungstenautomation.com/-/media/images/library/images/people/as-283754404-businesspeople-using-a-laptop/16x9_l.jpg?h=1452&iar=0&w=2580&hash=5B77C8E3B131A34CE42597280D0927DC)
Work with Unstructured Data
Structuring data and making decisions can take hours or days for an employee. Robots represent an easier way to complete these tasks.
![Shot of a group of businesspeople working together on a laptop](https://www.tungstenautomation.com/-/media/images/library/images/people/gt863497476itsimpossibleuntilweshowyouthatitspossible/16x9_l.jpg?h=1452&iar=0&w=2580&hash=59C34A3110B8B43B5D8F21BFB98E0C83)
Eliminate Document-Based Bottlenecks
Cognitive capture and advanced automated document processing put customer documents, critical reports and data in the right places in your systems without extra input.
The Advantages to Using Kofax RPA in a Bank
Advanced Robots Built with Ease
An intuitive low-/no-code design studio enables rapid robot design and collaboration between both professionals and average users.
AI-Enabled Solutions
Build powerful new processes with cognitive capture AI, capable of processing complex bank documents and unstructured financial data.
Deploy Robots at Any Scale
Leverage the power of cloud computing or on-site hardware for advanced solutions, including high-volume robotic process automation in investment banking where quick decisions are key.
Discover New Areas for Improvement
Analyze robot performance with detailed dashboard reporting and use process discovery tools for RPA in banking for use cases that are less obvious.
Versatility for Any Task
Develop and deploy hundreds or even thousands of robots without losing sight of their functionality or purpose with automated documentation and a robust version control setup.