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.
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.
On May 15th team Velocity took part in the joint K2 UiPath Hackathon hosted at K2’s head office in Weybridge, UK. The invite only event was attended by a guest list of select K2/UiPath technology partners.
Microsoft Excel is widely relied upon as a data management tool. Many teams and departments use spreadsheets on a daily basis to collect, organise, manipulate and model data for use across a broad range of business processes.
In environments where many other applications and line-of-business systems are used to get work done, however, it can prove challenging to migrate data between Excel and these other software tools efficiently.
Software Robotic Process Automation (or RPA for short) is used to automate every-day, rules-based tasks. RPA solutions, often referred to as ‘bots’, can be configured to manage mundane business activities independently and in many cases, with little or no human intervention.
Business optimisation through technology is a focus area for many organisations today. According to Brian Kropp, group vice president of Gartner’s HR practice, more than two-thirds of business leaders believe that their organisations could lose their competitive edge if they do not achieve significant digital transformation by 2020.
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.
Demand for robotic process automation (RPA) solutions continues to escalate. Research firm Forrester predicts that RPA market growth will reach USD 2.9 billion in 2021, up from just USD 250 million in 2016. But before you put software robotics front and centre of your business optimisation strategy, there’s a caveat. According to the same Forrester report, “to be sustained, RPA must offer more than plugging gaps in legacy systems”. Like any technology, RPA has its capabilities and shortcomings – and these need to be understood in the context of your business as well as the broader process automation landscape.