Banks can achieve a transformational shift in customer onboarding with UiPath’s RPA platform. Intelligent bots automate interactions across systems, effortlessly collecting, validating, and populating customer data into CRMs. UiPath excels at extracting data from various sources, including scanned documents. This, coupled with automated KYC compliance checks, streamlines the process, reduces errors, and ensures regulatory adherence, ultimately leading to faster onboarding and a more positive customer experience.
RPA (Robotic Process Automation)
We offer the expertise, experience, and commitment to help you unlock the full potential of RPA and drive transformational change within your organization. As experts in UIPath, we offer comprehensive solutions tailored to meet the unique needs of businesses across industries, enabling them to achieve greater efficiency, productivity, and innovation.
Fintech Practices
RPA Solutions
Customer Onboarding & KYC Compliance
Loan Processing & Underwriting
UiPath’s RPA revolutionizes loan origination for banks. Intelligent bots seamlessly integrate with loan origination systems, credit bureaus, and risk assessment tools to automate tasks like application processing, credit scoring, and even underwriting decisions. These tireless bots gather data across sources, perform calculations, verify applicant financials, and generate loan approvals or rejections based on pre-defined criteria. This translates to faster processing times, improved accuracy in underwriting, and ultimately, happier customers with quicker loan approvals and disbursements.
Fraud Detection & Prevention
UiPath’s RPA acts as a vigilant fraud fighter for banks. By automating real-time analysis of transaction data and account activity, these tireless bots can identify suspicious patterns and anomalies. Continuously monitoring transaction logs, customer behavior, and historical data, UiPath flags potentially fraudulent activities for further investigation. This automation strengthens banks’ fraud prevention, reduces false positives through meticulous analysis, and allows for a swifter response to emerging threats, ultimately mitigating financial risks.
Claims Processing in Insurance
UiPath’s RPA streamlines insurance claims processing from start to finish. Intelligent bots seamlessly handle everything from claim intake and validation to final adjudication and settlement. These tireless workers extract data from forms, policies, and evidence, ensuring accuracy by validating claims against policy rules. Additionally, UiPath automates the payment process for approved claims, resulting in faster settlements. This translates to increased operational efficiency for insurance companies and a significantly improved customer experience through faster claim resolution.
Compliance & Regulatory Reporting
UiPath’s RPA platform transforms compliance into a smooth, automated process. These intelligent bots handle the heavy lifting, automating data collection, validation, and report generation from various systems. With meticulous accuracy, they reconcile data and generate compliance reports for submission to regulatory authorities, meeting all deadlines. This automation empowers organizations to achieve consistent and timely compliance, minimizing the risk of penalties and freeing up compliance teams for more strategic tasks like risk management.
Data Entry & Data Management
UiPath’s RPA platform tackles tedious data entry across banking and finance. These tireless bots become data wranglers, extracting information from emails, documents, spreadsheets, and even web forms. With precision, they input this data into the appropriate systems, databases, or applications. This automation streamlines data entry for banks and financial institutions, slashing manual errors and ensuring data accuracy and consistency. By freeing employees from repetitive tasks, UiPath empowers them to focus on higher-value activities, boosting operational efficiency, productivity, and ultimately, customer service.
Other Fintech Practices
Blockchain Custom Development
We has a team of experienced and certified blockchain developers who use the latest tools and frameworks to deliver robust, scalable, and secure blockchain applications that meet the customer’s requirements and expectations.
Find out moreFinancial Services Mobile Solutions
We develop secure mobile applications for banking, wallets, and payments within the BFSI domain. Our expertise includes crafting middleware that seamlessly integrates these functionalities with account opening, payment processing, and core banking applications.
Find out moreYour Fintech Software Development Partner is Right Here.
SmartDev Business & Technical Capabilities
Flexibility & Control
We operate an Onshore leadership, Offshore Development model. Client facing teams are English speaking and based across 4 continents. We speak your native language and ready for face-face meeting with clients.
Skills & Capability
Our financial software engineers handle scaling, security, and data protection, cover API integration and open banking, and expand digital opportunities. All are compliant to financial industry standards such as GDPR, PSD2, AML, KYC, PCI DSS, and DSC
Trusts
Part of VerySell Technologies Group, headquartered in Switzerland. We protect Swiss quality standard. We’ve been building software since 2014 & our leadership team has extensive Fintech experience.
Who we partnered with
Our People
Our leadership team has extensive Global Fintech experience. They will be on the next call with you to tackle the your fintech challenge.
Geert Theys
Head of FinTech
Andrey Tikhonov
Chief Technology Officer
Yurii Lozinskyi
Head of Applied AI Business
Get started, have a project in mind?
With SmartDev, you can find a range of fintech competencies to help you scope, design and build your ideal product or solution. Share your vision with us and we will get back to you the following working day. Our experts can help your business unlock potential and unleash innovation.
Let's get start todaySubscribe to our Newsletter
Stay ahead in the tech world with SmartDev! Subscribe to our newsletter for the latest IT news, updates, and insights.