qBotica Uses Robotic Process Automation in Financial Services to Achieve 90% Time & Cost Savings
Challenge
One of the leading financial services firms wished to change its organization by digitally transforming its business processes through automation:
- Putting automated data translation into international practice.
- Automating generating bank statements on their online, digital banking platform.
- Producing eReceipts on international transactions
Solution
The program was facilitated by qBotica through its RPA as a Service and all use cases were created by the company utilizing its DoqumentAI as a platform on which they were built.
- DoqumentAI automatically translates compliance documents across countries in a manner in which human validation is critical.
- DoqumentAI was used to help create eStatements and eReceipts by connecting to data platforms including Snowflake and MuleSoft ESB, applying artificial intelligence to their visual layout to automatically map their layout to data contained in sources, resulting in the production of customer statements and receipts at scale.
Results
> 90%
Cost and Time Savings
< 2 Days
Translated Document Turnabround vs. Two weeks
< 6 WKS
Devloping and rolling out end to end statement generation solution