AI and RPA Reshaping Banking with AutomationEdge

Discover how AI-powered solutions simplify banking operations for seamless experiences.

Apply for Free Demo
Visit Experience Centre

AI and RPA Reshaping Banking with AutomationEdge

Discover how AI-powered solutions simplify banking operations for seamless experiences.

Apply for Free Demo
Visit Experience Centre

Trusted by over 250+ companies globally

Trusted by over 250+ companies globally

Success Stories: Hear from Our Clients

HDFC

AutomationEdge RPA provided us the facility to identify, analyze and automate the business process and helped us in meeting our organizational goals with higher ROI.

Ajay Kapoor,
Sr. EVP

“AutomationEdge’s integrated automated approach including WhatsApp and MS teams has helped us address operational challenges and epowered our employees to work more efficiently and deliver operational care.”

Santanu Banerjee,
CHRO

“AutomationEdge’s platform has revolutionized our insurance processes with its deep industry expertise and unwavering commitment to customer success. The integration of cognitive abilities into our workflows has truly transformed our operations and improved our efficiency.”

Kirti Patil,
CIO

HDFC Bank Transformed 15+ Business Functions with AutomationEdge RPA

HDFC Bank Processes around five million loan applications across multiple locations every year. The average processing time for each loan request was over 45 minutes as everything from application indexing, data entry, document verification, underwriting forward was being done manually. By using RPA, HDFC Bank has automated the data capturing process. Loan processing across all locations is now placed in centralized server where real-time loan processing status would be visible to all credit administrators. It has also allowed the bank to allocate the cases to credit managers based on the nature of loan, location and eligibility.

40 minutes to 20 minutes

Processing time reduced per application of loan in credit department.

5 Million

Loan applications per year

200

RPA bots performing loan processing

Read More

AutomationEdge BankFlo Tackles Persistent Pain Points in the Banking Industry with AI and Automation Solutions

Banks are subject to a complex and ever-changing regulatory landscape. Keeping up with reporting requirements can be time-consuming, manual loan processing is slow, and KYC/AML processes are time-consuming and prone-to-errors. AutomationEdge is transforming the banking industry with its innovative BankFlo solutions. These pre-built solutions tackle repetitive and manual tasks to streamline daily operations for banking institutions. By automating workflows, BankFlo empowers banks to function with greater efficiency and accuracy. This translates to faster processing times, reduced errors, and ultimately enhanced customer experience.

Retail Banking

CKYC Bot, KYC Bot, Branch Support Chatbot, and many more.

AutomationEdge’s pre-built solutions tailored for the retail banking sector helps to streamline critical processes such as customer onboarding and account maintenance, significantly enhancing operational efficiency. With intelligent bots for CKYC, KYC, and branch support, banks can seamlessly accelerate customer acquisition, enhance compliance, and deliver exceptional customer experiences.

Credit Operations

Loan Processing Bot, Loan Foreclosure Bot and many more.

The platform streamlines loan origination, underwriting, disbursement, and foreclosure processes. By automating these complex tasks, banks can reduce operational costs, improve turnaround times, and enhance overall credit risk management.

Card Operations

Customer Due Diligence, Fraud Detection Bot, many more.

Credit card issuers can significantly enhance their risk management strategy. The platform streamlines customer due diligence processes and employs advanced fraud detection mechanisms. By automating these critical functions, issuers can improve customer onboarding efficiency, mitigate fraud risks, and ensure regulatory compliance.

Banking

Kisan Credit Bot, Crop Insurance Bot, many more.

The automated solution helps in streamlining Kisan Credit Card (KCC) processing and crop insurance claims management by automating these processes. Banks can accelerate loan disbursements, improve customer satisfaction, and efficiently handle insurance claims, thereby strengthening their position as reliable partners for farmers.

Customer Services

Email Contact Centre, CRM Automation, and many more.

AI and Automation solutions help to automate customer service operations. It helps in efficient email contact center management and comprehensive CRM automation. By automating routine tasks, such as email routing and ticket management, businesses can significantly improve response times and customer satisfaction.

Corporate Banking

Salary Processing Bot, KYC Bot, and many more. 

With pre-built solutions from AutomationEdge, corporate banking domain streamlines critical processes such as salary processing and KYC verification. By automating these complex functions, corporate banks can significantly improve processing times, reduce operational risks, and enhance overall efficiency. These AI and Automation solutions enable banks to focus on delivering superior value-added services to their corporate clients while ensuring compliance with regulatory mandates.

Trade Finance

Trade Finance Document (letter of credit), Vessel Tracking Reports, and many more.

AutomationEdge solutions help in streamlining trade finance operations. It expedites the processing of trade finance documents, such as letters of credit, and generates essential reports like Vessel Tracking Reports (VTRs). These solutions enable banks to focus on building stronger relationships with clients and exploring new trade opportunities.

Payments & Cash Management

Reconciliation Bots (UPI/ IMPS / AePS), Chargeback Prevention and Protection Systems (CPPS) Bots and many more.

Banks and financial institutions can significantly enhance their payment operations with AutomationEdge’s pre-built solutions. The platform accelerates reconciliation of transactions across multiple channels, including UPI, IMPS, and AePS. By automating this time-consuming task, financial institutions can significantly reduce operational costs, improve accuracy, and enhance overall payment efficiency.

ATM Operation Solutions

Chargeback Bots

AutomationEdge helps banks to streamline chargeback processes and Chargeback Prevention and Protection Systems (CPPS) integration. By automating these tasks, businesses can reduce manual intervention, improve dispute resolution times, and minimize chargeback losses.

Working Capital

SME Lending Bot, Stock Statement Analysis Bot, and many more.

Banks can significantly enhance SME lending with AutomationEdge as it helps streamline and automate SME loan processing, credit assessment, and disbursement. Banks can also make use of advanced analytics for stock statement analysis, enabling lenders to make data-driven decisions and optimize working capital financing.

Support Functions

Onboarding/Offboarding Automation Bot, Employee Support Bot, and many more.

AutomationEdge’s comprehensive suite of bots empowers organizations to automate tasks and processes within support departments, leading to increased efficiency, reduced errors, and improved customer satisfaction. Once automated support departments can reduce manual labor, improve response times, and provide a better overall customer experience.

HR

Talent Acquisition Bot, Leave Management Bot, Time and Attendance Tracking Bot.

By automating routine HR tasks and providing self-service options, AutomationEdge helps HR departments improve efficiency, reduce costs, and focus on strategic initiatives.

Finance

General Ledger Posting/Audits, Account Receivable /Account Payable Invoice Recon, GST processing Bot, and many more.

AutomationEdge automates all the critical financial processes such as General Ledger posting, financial audits, and Accounts Receivable/Accounts Payable invoice reconciliation. By digitizing these tasks, organizations can reduce manual effort, enhance data integrity, a, nd accelerate financial closing cycles.

Accounts

Accounting Solutions- GST processing Bot, E-invoicing/E way Bill Bot, and many more.

Accounts team can streamline GST processing, including tax calculations, returns filing, and reconciliations. AutomationEdge offers seamless integration with e-invoicing and e-way bill systems, ensuring compliance with GST regulations and minimizing manual interventions.

IT Solutions

Phishing Email Alert Bot, Ransomware Monitoring Bot, and many more.

Solutions from AutomationEdge aids IT departments to significantly enhance service delivery. The platform streamlines end-user management processes and accelerates ticket resolution. By automating routine tasks and providing self-service options, IT teams can improve response times, enhance user satisfaction, and focus on strategic initiatives.

Revolutionizing Banking Operations
with Seamless BankFlo Solutions

Anomaly Detection Bot

Our Anomaly Detection Bot meticulously analyzes vast transaction datasets to uncover hidden patterns indicative of suspicious activity. It excels in transaction monitoring, providing real-time surveillance and behavioral analysis to identify unusual activities. Moreover, it specializes in suspicious transaction monitoring, flagging anomalies through anomaly scoring, rule-based filtering, and machine learning, empowering you to investigate and mitigate potential threats proactively.

Read More

Employee Pre, Post and Onboarding Bot

AutomationEdge’s AI-powered chatbots can guide new hires through onboarding process, answer frequently asked questions, and automate tasks like scheduling meetings or collecting documents. This frees up HR staff for more strategic tasks and ensures a smooth transition for new employees.

Read More

Employee Support with WhatsApp and MS Teams Bot

Chatbots can be integrated with communication platforms like WhatsApp and MS Teams to provide employees with 24/7 access to support for HR, IT, and finance queries. This improves accessibility, reduces wait times, and allows employees to get answers or resolve basic issues on their own schedule.

By integrating WhatsApp and MS Teams Chabot, banks can-

  • Easily use the chatbot to extract employee onboarding files
  • Enable employees to raise service tickets and FAQs
  • Initiate resolution through MS Teams and WhatsApp
  • Send messages to employees for the joining date one day prior
Read More

KYC and Aadhaar Masking Bot

AutomationEdge offers its ready to use Aadhaar masking solution that enables you to upload the customer Aadhaar card images in bulk and get the folder full of masked images and output log files. AutomationEdge uses AI and intelligent document processing to generate masked images and modify them to suit the customer’s needs for style and masking. This also enables banking service staff to process KYC faster by using combination of technologies like OCR, NLP, and Machine Learning. These bots can extract relevant data for identity check from customer documents faster, identify risk areas with AI models and forward cases that require human intervention to a staff member.

Read More

Recon Bot

This solution is backed by AI and IDP technologies to automatically extract data from receipts and compare it with bank account transactions. This eliminates manual data handling, saves time and reduces errors.

know more

Workload Automation Bot

Organizations need to effectively manage large volumes of complex, business-critical workloads across multiple applications and platforms. AutomationEdge with workload automation helps create end-to-end automated workflows that involve task sequencing, conditional logic, and cross-system coordination. Automation can range from simple tasks like file transfers or data backups to more complex operations, such as server provisioning or software deployments.

Read More

Fraud Management Bot

Fraud Management Bot is a game-changer for banks as it empowers institutions to effortlessly conduct comprehensive identity checks, meticulously scrutinize documents for authenticity, and vigilantly monitor transactions for suspicious activities aligned with Anti-Money Laundering (AML) regulations. By harnessing the power of AI and automation, banks can fortify their cybersecurity posture, detect anomalies swiftly, and mitigate financial risks proactively. This robust solution ensures compliance, protects customer assets, and safeguards the bank’s reputation.

Read More

Folder and Application Access Review Bot

This ready-to-use solution from AutomationEdge helps to analyze vast amounts of data on user access such as user activity logs, folder and application permissions and user roles and responsibilities. This analysis helps identify anomalies and potential risks, such as:

  • Users accessing data outside their job function
  • Dormant accounts with active access
  • Excessive access privileges

It can identify unusual access patterns or unauthorized attempts, helping to prevent data breaches and ensure regulatory compliance.

Read More

Contact Centre Automation

Chatbots with AI capabilities handle a significant volume of customer inquiries related to account information, transactions, or basic troubleshooting. This frees up human agents for more complex issues and improves overall call center efficiency. By implementing RPA for contact center automation, banks can speed up agent productivity by automating data entry and integrate applications to make information available to agents at one click.

Read More

Automated Underwriting

Ready-to-use automated workflows can analyze customer data, credit scores, and risk scoring to automate the underwriting process for low-risk loans, mortgages and securities. This reduces turnaround times, improves customer experience, and allows underwriters to focus on complex or high-risk cases. By leveraging advanced analytics and machine learning, our automated underwriting solution can identify patterns and trends, enabling proactive risk management and enhanced decision-making.

Read More

Automated Salary Processing

Automated salary processing bot revolutionizes payroll for banks by handling the entire process from start to finish. The intelligent bot efficiently collects, validates, and calculates salaries, ensuring accuracy and compliance. It seamlessly transfers funds to employee accounts, generates salary slips, and reconciles data, freeing up human resources for strategic tasks. With its robust automation capabilities, the bot significantly enhances speed, precision, and cost-efficiency in salary processing.

Read More

IT, HR and Finance Bot

AutomationEdge offers specialized bots to streamline operations across various departments

  • IT Automation: Automates routine IT tasks like user provisioning, password resets, software installations, and incident management, enhancing service delivery and freeing IT teams for strategic focus.
  • HR Automation: Optimizes HR processes by automating employee onboarding, offboarding, payroll, benefits, and data management. This empowers HR to concentrate on employee engagement and development.
  • Finance & Accounting Automation: Accelerates financial operations through automation of invoice processing, expense reports, account reconciliation, and data entry. This improves efficiency and reduces errors in financial processes.
Read More

Compliance and Reporting Bot

Our AI-powered bot ensures seamless adherence to complex regulatory mandates. By automating data extraction, analysis, and report generation, it streamlines compliance processes, reducing errors and risks. From KYC/AML checks to regulatory reporting, including CSITE, our bot offers robust capabilities. It monitors for suspicious activities, generates required reports, and provides real-time alerts, empowering banks to stay ahead of evolving regulatory landscapes and mitigate potential penalties.

Read More

Doc AI Bot

Doc AI solution revolutionizes document-intensive processes within banks. By leveraging advanced AI and machine learning, it accurately extracts and validates data from various document types, including KYC documents (customer identification documents), NACH mandates, cancelled cheques, and NEFT/RTGS instructions. This automation significantly accelerates processing times, reduces manual errors, and enhances overall operational efficiency. Doc AI empowers banks to streamline customer onboarding, payment processing, and compliance functions, ultimately improving customer satisfaction and risk mitigation.

Read More

Loan Processing Bot

Our AI-driven loan processing bot streamlines the entire loan lifecycle, from application to disbursement and closure. It automates tasks such as data extraction, eligibility checks, document verification, and risk assessment for both secured and unsecured loans. By leveraging advanced analytics, the bot accelerates loan processing, improves accuracy, and enhances customer experience. Furthermore, it efficiently handles account closures, ensuring compliance with regulatory requirements and minimizing operational risks.

Read More

Revolutionizing Banking Operations with Seamless BankFlo Solutions

Anomaly Detection Bot

Our Anomaly Detection Bot meticulously analyzes vast transaction datasets to uncover hidden patterns indicative of suspicious activity. It excels in transaction monitoring, providing real-time surveillance and behavioral analysis to identify unusual activities. Moreover, it specializes in suspicious transaction monitoring, flagging anomalies through anomaly scoring, rule-based filtering, and machine learning, empowering you to investigate and mitigate potential threats proactively.

Read More

Employee Pre, Post and Onboarding Bot

AutomationEdge’s AI-powered chatbots can guide new hires through onboarding process, answer frequently asked questions, and automate tasks like scheduling meetings or collecting documents. This frees up HR staff for more strategic tasks and ensures a smooth transition for new employees.

Read More

Employee Support with WhatsApp and MS Teams Bot

Chatbots can be integrated with communication platforms like WhatsApp and MS Teams to provide employees with 24/7 access to support for HR, IT, and finance queries. This improves accessibility, reduces wait times, and allows employees to get answers or resolve basic issues on their own schedule.

By integrating WhatsApp and MS Teams Chabot, banks can-

  • Easily use the chatbot to extract employee onboarding files
  • Enable employees to raise service tickets and FAQs
  • Initiate resolution through MS Teams and WhatsApp
  • Send messages to employees for the joining date one day prior
Read More

KYC and Aadhaar Masking Bot

AutomationEdge offers its ready to use Aadhaar masking solution that enables you to upload the customer Aadhaar card images in bulk and get the folder full of masked images and output log files. AutomationEdge uses AI and intelligent document processing to generate masked images and modify them to suit the customer’s needs for style and masking. This also enables banking service staff to process KYC faster by using combination of technologies like OCR, NLP, and Machine Learning. These bots can extract relevant data for identity check from customer documents faster, identify risk areas with AI models and forward cases that require human intervention to a staff member.

Read More

Recon Bot

This solution is backed by AI and IDP technologies to automatically extract data from receipts and compare it with bank account transactions. This eliminates manual data handling, saves time and reduces errors. Our Recon Bot streamlines reconciliation processes, including UPI, ATM, Nostro, debit card transactions, and remittances. Automating data extraction and comparison ensures accuracy, efficiency, and compliance while freeing up human resources for more strategic tasks.

Read More

Workload Automation Bot

Organizations need to effectively manage large volumes of complex, business-critical workloads across multiple applications and platforms. AutomationEdge with workload automation helps create end-to-end automated workflows that involve task sequencing, conditional logic, and cross-system coordination. Automation can range from simple tasks like file transfers or data backups to more complex operations, such as server provisioning or software deployments.

Read More

Fraud Management Bot

Fraud Management Bot is a game-changer for banks as it empowers institutions to effortlessly conduct comprehensive identity checks, meticulously scrutinize documents for authenticity, and vigilantly monitor transactions for suspicious activities aligned with Anti-Money Laundering (AML) regulations. By harnessing the power of AI and automation, banks can fortify their cybersecurity posture, detect anomalies swiftly, and mitigate financial risks proactively. This robust solution ensures compliance, protects customer assets, and safeguards the bank’s reputation.

Read More

Folder and Application Access Review Bot

This ready-to-use solution from AutomationEdge helps to analyze vast amounts of data on user access such as user activity logs, folder and application permissions and user roles and responsibilities. This analysis helps identify anomalies and potential risks, such as:

  • Users accessing data outside their job function
  • Dormant accounts with active access
  • Excessive access privileges

It can identify unusual access patterns or unauthorized attempts, helping to prevent data breaches and ensure regulatory compliance.

Read More

Contact Centre Automation

Chatbots with AI capabilities handle a significant volume of customer inquiries related to account information, transactions, or basic troubleshooting. This frees up human agents for more complex issues and improves overall call center efficiency. By implementing RPA for contact center automation, banks can speed up agent productivity by automating data entry and integrate applications to make information available to agents at one click.

Read More

Automated Underwriting

Ready-to-use automated workflows can analyze customer data, credit scores, and risk factors to automate the underwriting process for low-risk loans, mortgages and securities. This reduces turnaround times, improves customer experience, and allows underwriters to focus on complex or high-risk cases.

Read More

Automated Salary Processing

Automated salary processing bot revolutionizes payroll for banks by handling the entire process from start to finish. The intelligent bot efficiently collects, validates, and calculates salaries, ensuring accuracy and compliance. It seamlessly transfers funds to employee accounts, generates salary slips, and reconciles data, freeing up human resources for strategic tasks. With its robust automation capabilities, the bot significantly enhances speed, precision, and cost-efficiency in salary processing.

Read More

IT, HR and Finance Bot

AutomationEdge offers specialized bots to streamline operations across various departments:

  • IT Automation: Automates routine IT tasks like user provisioning, password resets, software installations, and incident management, enhancing service delivery and freeing IT teams for strategic focus.
  • HR Automation: Optimizes HR processes by automating employee onboarding, offboarding, payroll, benefits, and data management. This empowers HR to concentrate on employee engagement and development.
  • Finance & Accounting Automation: Accelerates financial operations through automation of invoice processing, expense reports, account reconciliation, and data entry. This improves efficiency and reduces errors in financial processes.
Read More

Compliance and Reporting Bot

Our AI-powered bot ensures seamless adherence to complex regulatory mandates. By automating data extraction, analysis, and report generation, it streamlines compliance processes, reducing errors and risks. From KYC/AML checks to regulatory reporting, including CSITE, our bot offers robust capabilities. It monitors for suspicious activities, generates required reports, and provides real-time alerts, empowering banks to stay ahead of evolving regulatory landscapes and mitigate potential penalties.

Read More

Doc AI Bot

Doc AI solution revolutionizes document-intensive processes within banks. By leveraging advanced AI and machine learning, it accurately extracts and validates data from various document types, including KYC documents (customer identification documents), NACH mandates, cancelled cheques, and NEFT/RTGS instructions. This automation significantly accelerates processing times, reduces manual errors, and enhances overall operational efficiency. Doc AI empowers banks to streamline customer onboarding, payment processing, and compliance functions, ultimately improving customer satisfaction and risk mitigation.

Read More

Loan Processing Bot

Our AI-driven loan processing bot streamlines the entire loan lifecycle, from application to disbursement and closure. It automates tasks such as data extraction, eligibility checks, document verification, and risk assessment for both secured and unsecured loans. By leveraging advanced analytics, the bot accelerates loan processing, improves accuracy, and enhances customer experience. Furthermore, it efficiently handles account closures, ensuring compliance with regulatory requirements and minimizing operational risks.

Read More

Benefits of AI and Automation in Banking

Reduction in operational costs and risk

Improved customer experience with AI- powered chatbots

Improved fraud detection and regulatory compliance

Improved loan and credit decisioning

Improved compliance reporting by ensuring that regulatory data is accurate

Reduced operational costs, and the capability to handle a larger volume of transactions seamlessly

Explore Our Free Experience Centre for Immersive Self-Service Demos of Solutions.

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