2017 will be remembered as the year the robots took over in terms of financial institutions using Robotics Process Automation (RPA) to reduce compliance costs, better access their primary asset of data, and to establish truly proactive compliance and risk management. Whether you are managing fraud risk, regulatory compliance or other operational issues, the current trend to robotics-based technology has caught fire this year, overcoming reluctance to remove or reduce human analysts from the equation. This is due to 3 converging trends: RPA can reduce costs by up to 50%; the regtech movement driving comfort with tech solutions and finally, regulatory support of innovation
NICE Actimize, one of the industry’s largest and broadest provider of a single financial crime, risk, and compliance software platform for the financial services industry has launched NICE Actimize Robotic Process Automation (RPA), a sophisticated technology that frees up investigators from low value, high volume manual tasks so that they may better focus on more important and strategic tasks.
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