Apart from government agencies, employees working in banks & other financial institutions have to adhere to the enormous amount of rules & regulations when it comes to managing information.
The Banking and Fintech sector is developing rapidly in terms of improving current processes like Customer Onboarding, Claim Processing, and Face Detection & Matching, with the help of different technologies like Artificial Intelligence (AI), Machine Learning (ML), and RPA platforms.
The impacts of the current coronavirus crisis are being faced in pretty much every domain. From FMCG to the IT sector, from Entertainment to Travel sector, from Manufacturing to BFSI, every sector is getting affected in its own way and is experiencing its own challenges to overcome difficulties laid ahead.
Robotic Process Automation (RPA) is being widely used by organizations in order to offload routine and repetitive tasks from employee to software bots.
There has been a major push on how organizations and countries can thrive by focusing on building a ‘knowledge economy’ and this is where digital technologies are playing a vital role in making this dream a possibility.