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Boosting Financial Services with Intelligent Automation
Core NewsroomOct 29, 2024 4:02:21 PM2 min read

Boosting Financial Services with Intelligent Automation

Boosting Financial Services with Intelligent Automation
4:05

With technology updates and new AI-powered solutions and services, organisations today face increasing pressure to streamline operations, improve compliance, and deliver a seamless customer experience.

Since Core acquired Velocity IT in 2024, we’ve been working together to enhance our solutions and services for our customers. In collaboration with the Velocity IT team, Core’s intelligent process automation is emerging as a game-changing solution, empowering financial institutions to tackle these challenges head-on.

Leveraging low-code and no-code tools, robotic process automation (RPA), and advanced business process automation (BPA), Core and Velocity IT bring tailored solutions to transform financial services.

 

Key Benefits of Intelligent Process Automation for Financial Services

 

Enhanced Operational Efficiency

By automating repetitive, time-consuming tasks, your financial teams can focus on strategic initiatives rather than routine processes. Automation reduces manual errors, accelerates processing times, and creates a smoother workflow, enabling your employees to spend more time on high-value tasks.

Improved Compliance and Reduced Risk

As you well know, compliance with stringent financial regulations is crucial. Automated workflows ensure data accuracy and provide an audit trail, making it easier to meet regulatory requirements. Automated processes also reduce human error, helping your financial institution mitigate compliance risks.

Data-Driven Insights and Decision-Making

Intelligent automation provides real-time access to data, enabling your organisation to make informed decisions quickly. Automation platforms such as Power BI, as well as solutions from Netcall, Mendix and UiPath, provide analytics tools integrated into automated workflows to make it easier to analyse your financial data and respond to emerging trends.

Enhanced Customer Experience

Today’s customers expect quick, seamless services. With automation, your financial organisation can accelerate processes like onboarding, loan approvals, and query resolution, providing faster and more personalised experiences to clients.

Scalability and Agility

Automation solutions offer scalability to support growth without a corresponding increase in manual workload. As your organisation grows, automated systems can adapt, providing the flexibility to scale up operations while maintaining efficiency.

 

Why Choose Core and Velocity IT for Your Automation Journey?

Core and Velocity IT bring deep expertise in the financial sector, helping organisations unlock the full potential of automation with customised solutions. Our team provides end-to-end support—from initial assessment and strategy development to deployment and ongoing optimisation—ensuring your automation journey is smooth and aligned with your strategic goals.

With a focus on Microsoft Power Platform, RPA, and BPA solutions, we design processes that integrate seamlessly with your existing systems, driving both efficiency and growth.

Zurich InsuranceZurich Insurance have worked with Velocity IT for over 5 years in design, development, testing and rollout of various comprehensive Business Process Management workflows. The Treasury Director of Zurich Insurance said, “These optimisations have added transparency, efficiency and introduced more controlled processes into the business. The Velocity IT team are always highly professional and responsive in providing great insight and problem solving abilities on a daily basis, as well as longer term direction, guidance and advice – Velocity IT are a great extension of our team.”

 

Ready to transform your financial services? Explore how Core and Velocity IT can empower your organisation to achieve streamlined, compliant, and customer-centric operations through intelligent automation.

Contact us today to learn more about our tailored automation solutions for the financial industry.