Intelligent Automation Solutions for Financial Services
Intellect has proven capabilities in supporting transformation projects.
With over 25 years of global experience in the industry, we understand financial services deeply.
Intellect has proven capabilities using market leading automation engines.
-
80%
Reduction
in costs -
60%
Improved
operational
efficiency -
20%
100%
Business coverage
without adding
additional headcount -
99%
Accuracy
Intellect’s Intelligent Process Automation (IPA) Solution combines both machine learning (ML) and Robotic Process Automation (RPA), allowing the solution to work with probabilities instead of strict business rules.
With over 25+ years of global experience in the financial industry, we at Intellect understand the use case and valuedriven approach towards adopting Intelligent Automation.
Some use-cases we have helped our clients with:
- Automate regulatory reporting to the FCA
- Automation of onboarding processes of
customers, suppliers and employees - Support and automation in financial diligence with fund managers that use cognitive automation to extract financial information from financial statements that are available from verified government websites.
Download Case Study
Built a solution that performs Critical Yield Calculation using robotic process automation and intelligent data extraction. The result helped a client save around £250k per year with the saving estimate expected to double to a minimum of £500k by 2025.
How it works?
Intellect uses robotic process automation, artificial intelligence in combination to provide intelligent process automation; allowing organizations further control over their process and performance.
RPA
is a process where software BOTs mimic human actions and perform certain repetitive,rule-based tasks much faster and more accurately than humans.
Al — Simulation
of human intelligence in machines that are programmed to think like humans and mimic their actions.
AI algorithms are designed to make decisions based on complex and large amounts of real-time data. AI is achieved through machine learning.
Intelligent Process Automation (IPA)
combines both machine learning and RPA. By introducing machine learning (ML) to process and interpret input data, the solution works with probabilities instead of strict business rules, ensuring that the conclusions are based on real-time variables and informed context.
How can Intelligent Automation benefit your business?
Mentioned below are process improvements and business benefits experienced by your customers.
Improved accuracy
Whether you have thousands (or millions) of files in the backlog for processing, or want to use IDX in real-time on a case by case basis, the platform scales to your business needs.
Compliance
Build end to end solutions for real world use cases with post extraction capabilities which can transform your existing business processes towards complete automation
and straight through processing.
Better productivity
IDX platform capabilities are built ground up with no dependencies on 3rd party OCR tools, providing complete ownership of delivering accuracy and value.
Reliability
IDX has powerful pre-processing capabilities that makes it better able to understand documents captured in less-than-ideal circumstances.
Non-invasive technology
A SaaS solution with best in breed architecture with cloud native, multi tenancy and API first approach, where customer data is secure and isolated with seamless integration capabilities.
Increased employee morale
All businesses have specific document types such as invoices, forms, identification documents, and more.
IDX is trained on domain specific scenarios to contextually and meaningfully classify and extract data from real world documents.
Low technical barrier
So what if the invoice from your new vendor looks different than what you’ve received before? IDX is smart enough to find and extract the right information, be it from a pdf, jpeg, png, tiff, word or excel.
Consistency
Routine tasks are automated and performance consistently without error.
Recognitions and Accolades
Recognitions in both technology and services provided.
Celent, one of the leading research and advisory firm focused on technology for financial institutions globally showcasing our implementation with
St. James’s Place Wealth Management as one of the world’s best ‘automation implementations’ in wealth management.
Interested to learn more about how Intellect's Intelligent Automation can help your wealth management operations?
Reach out to us and one of our senior solutions experts will connect with you.
