Intelligent Automation for Financial Services
Smarter, faster banking for today’s customers.
While digital transformation is nothing new to banks and financial institutions, now more than ever, they must rely on technology to conduct business, comply with regulations, connect with customers, and deal with a flood of emergency business – all under the necessity of social distancing.
The State of Digital Banking, 2022
The COVID-19 pandemic has redefined how customers engage with banks and while a handful of leading banks are pushing ahead, others are still struggling to create and execute a coherent digital transformation strategy. This report explores how digital technologies are changing the industry’s customers, competitors, and business and tech priorities globally.
ABBYY helps banks and financial institutions to get there faster by…
- Transforming incoming documents and communication into actionable data for your processes.
- Expediting process automation with intelligent data capture and extraction.
- Preparing your operations for emergency services, such as credit application surges, forbearances, mortgage refinancing, and suspicious activity that comes with them.
- Improving customer service by streamlining and automating daily operations such as account openings and credit card and loan applications.
- Enabling trace and audit of the acquisition of all customer and application data for compliance and crimes detection from onboarding throughout entire customer journey.
- Providing quicker response times for customer onboarding, credit, and loan applications.
Compliance, Fraud, Customer Experience, Operations and More!
Watch now to discover the ways that automation technology including AI, RPA and NLP can help financial institutions reset and reimagine their business in 2021.
Usage scenarios
ABBYY Intelligent Automation helps banks succeed at digital transformation one process at a time…
KYC compliance
Violations of KYC/AML (anti money laundering) regulations cost banks billions of dollars in fines and legal exposure...
Mortgage loan processing
In times like these, marked by lower interest rates, economic slowdown, reduced staff, and a rise in loan modifications and forbearances…the backlog of loan files for lenders will become overwhelming...
Fraud prevention / risk management
Ironically, as processes become more automated, financial institutions become more vulnerable to crimes, fraud, and KYC violations...
Trade finance
Trade finance is a multi-step, multi-part processing ecosystem that is largely manual, repetitive, time consuming, and full of risk…
Credit application processing
Credit application processes are often antiquated with many bottlenecks and manual interventions...
Delivering account services
Accelerate contactless banking and remove person-to-person interactions by fully discovering the many interactions between people and content in your processes...
Unstructured document review & analysis
Financial service firms face great risk of losses and financial crimes when inadequately analyzing data in the complex documents they handle...
LIBOR transition
Tackle the single biggest challenge of managing the LIBOR end – the overwhelming volume of documents needing remediation, and the workforce to get it done.
Looking to automate document processes in Financial Services?
We have a skill for that.
Related assets
Taking the Pulse on Digital Transformation in Financial Services
Download this infographic to get an overview on the impact of the COVID-19 pandemic on digital transformation projects and the role automation technologies play to overcome those challenges.
Digital Strategies in Financial Services—Survey Results
Download the results of this survey, executed by Gatepoint Research, to evaluate where your financial institution stands with its digital strategies in 2021.
Better Banking for the Modern Customer
Watch this demo of a customer onboarding scenario to see how ABBYY can help financial institutions achieve smarter, faster banking for today's customers.
Rise Above the Competition Through Personalization in Financial Services
Listen to this podcast hosted by BAI and featuring Cheryl Chiodi from ABBYY and industry consultant Jim Griffin to learn how creating personalized banking experiences can help financial institutions strengthen customer relationships and stand up to outside threats.
5 Ways to Compete More Successfully with Digitally Native Financial Services
Fintech and Big Tech financial services may appear to have greater flexibility than traditional financial institutions. This checklist covers five important ways you can overcome challenges and build on your strengths to compete more successfully.
How Financial Services Firms Are Becoming More Resilient Than Ever
Leaders in Financial Services need to understand the day-to-day realities of their business processes & technologies to solve challenges. Download our infographic for more.
Profitable Defense Against Financial Crime
Developed in partnership with BAI and Cheryl Chiodi, Financial Services lead at ABBYY, this report discusses how financial institutions can use what they know about their past and current business to plan for the future.
Banking, Capital Markets, and Wealth Management
Learn how to sharpen your competitive edge in customer satisfaction,agility, and profitability.
6 Considerations for Banks Before Making Technology Investments in the Now Normal
Before setting priorities on technology investments in the now normal, consider these 6 important concepts to get the results you need. Download our Financial Services Buyer’s Checklist now.
3 Tips for Safeguarding Business Continuity in Times of Crisis
Download our eBook for three tips to guide you in your decision-making about digital transformation technologies, and learn how to raise your Digital Intelligence to turn today’s crisis into opportunity.
Customer stories
Europe’s third largest bank allows corporate customers to pay paper bills using bank’s own app on their mobile devices.
Finance
Banking
Mobile capture
Banque Populaire de l’Ouest digitizes and automatically classifies incoming credit applications from various channels.
Banking
Credit application processing
DBS Bank accelerates the loan application process via a mobile app integrating OCR technology.
Banking
Mobile capture
Related products
ABBYY Timeline
Do more with the only end-to-end process analytics platform built to transform your entire business.
ABBYY Mobile Web Capture
A JavaScript based SDK that can be embedded into your onboarding processes to automatically capture any document using a mobile camera within a webpage.
ABBYY FlexiCapture
Provides powerful information extraction technology that reveals entities, events, and relationships across unstructured text.
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