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Report Reveals the Banking Sector’s Inclination to deploy Cognitive Automation

RPA + AI opportunities to bring in human-like capabilities in the financial services market reveal $4.3 billion investments by 2022.

Aspire Systems and IBS Intelligence have released an exclusive report on Cognitive Automation. The Convergence of AI and RPA in Banking has been fast evolving as all financial institutions have begun leveraging new technologies such as AI, ML, Deep Learning and Natural Language Processing.

The new report reveals that bank executives are very keen on implementing automation, and 95% of them are looking to embark or planning an automation strategy. IBS Intelligence, commented, “Cognitive Automation is the way forward. Automation augmented with Artificial Intelligence is going to drive the value proposition for banks in the future. This new report with Aspire Systems reveals just that.”

All processes within financial institutions, right from customer experience (CX), fraud mitigation, digital transformation initiatives, loan processing, wealth advisory would be benefited by the adoption of Cognitive Automation.

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