In this blog we use a facial recognition Artificial Intelligence cognitive service for recognising a human face for the purpose of identity verification.
A typical scenario is an identity verification process when applying for credit. The person applying for credit uploads an image of their government issued passport or driving licence and also uploads a selfie using a mobile phone registered to them.
We’re proud to share our UiPath and K2 award-winning automation for credit applications. In this short video you’ll see how we have built a low-code workflow solution, powered by UiPath’s automation robotics, to reduce the time-line for credit application approvals and provide the end-user with a faster decision on their line of credit.
The financial services industry has been using automation technologies for some time now, to remain efficient, profitable and relevant in a fast-evolving industry. Recently, however, there’s been a shift in focus from automating manual workloads to making entire processes smarter.
Last week Velocity IT, a digital technology services firm with offices in the UK, India and South Africa, hosted a morning workshop at the trendy Citizen M Hotel in London. The topic of the day was robotic process automation (RPA); what it is, how it works and how to use it to produce financial and productivity benefits within a business.
WHY AUTOMATE BUSINESS PROCESSES?
The automation of business processes enables a company to work smarter and gain a competitive advantage over others in the industry. It gives them the ability to achieve optimum efficiency by coupling the automation of standard business operations with a workforce that has the right insight to make effective manual process decisions.