Blog: Banking

Business Process Automation (BPA)

customer onboarding in banking
Create an Outstanding Onboarding Experience in Banking

Customer onboarding is an essential process for many businesses, and especially banks and financial institutions. Relationships are vital in both retail and commercial banking. Getting off to a good...

Business Process Automation (BPA)

intelligent-document-processing
Automating Banking Forms with Intelligent Document Processing

As technology advances, along with disruptions brought by fintech and evolving consumer demand, dramatic changes have been made around what digital customers expect of contemporary banking. Consumers...

Business Process Automation (BPA)

mortgage lending automation
4 Mortgage Lending Automation Use Cases

More so than organizations in other industries, mortgage lending institutions continue to rely on antiquated business processes. These include complex legacy systems and fragmented databases that...

Business Process Automation (BPA)

Composable Banking
Decoding Composable Banking

Banking is experiencing a bustling state of disruption.  New competition from Fintech apps and nimble branchless banks is upending the paradigm of what it means to be a “bank.” For these new...

Business Process Automation (BPA)

Accounts-payable
3 Benefits of Automating Accounts Payable

Change is a challenge for most people, especially for accountants well-known for their preference for traditional methods when managing accounts payable. Further, the transition everyone had to make...

Business Process Automation (BPA)

Digital Transformation Banking
Digital Transformation in Banking

The hub of a bank’s activity used to be the branch. Now, with more than half of customers conducting the majority of their banking over the internet, ‘banking’ conjures images of mobile apps...

Business Process Automation (BPA)

collection-management
Automating Collection Management In Financial Institutions

Financial institutions face more collection management challenges than ever. A confluence of factors in recent years and months have left many financial institutions scrambling to scale up their...

Business Process Automation (BPA)

RPA-finance
5 RPA Use Cases In Finance

The roles of executives in the finance sector continue to evolve to ensure future-proofing for associated organizations. As a result, robotic process automation (RPA) has become more crucial than...

Workflow Automation

banking-process-workflow
5 Features of Banking Process Workflows

Banks are turning to automated workflow solutions to boost efficiency and compliance, while reducing operational costs. Another important need is to improve bank customer communication in a highly...

Business Process Automation (BPA)

hyper-personalization-banking
How to Offer the Best Customer Service Experience With Online Account Opening

Consumers are interacting with businesses in new ways, from one-click food ordering to lightning speed facial recognition sign-in. Yet many banking institutions have yet to make a seamless transition...

Business Process Automation (BPA)

treasury-management-services
10 Most Common Services and Responsibilities for Treasury Management

Treasury management services offer a system that performs the work of a treasurer.  An individual who acts as a treasurer is the person who manages a company’s cash flow from the amount held to...

Business Process Automation (BPA)

ProcessMaker and NXTsoft Announce Strategic Partnership
ProcessMaker and NXTsoft Announce Strategic Partnership

ProcessMaker, a leader in enterprise low-code business process management (BPM) and workflow software, is proud to announce a new strategic partnership with NXTsoft, the #1 FinTech to Financial...

Business Process Automation (BPA)

bank-customer-communication
Improving Customer Communication at Your Bank

The world that we live in is constantly evolving. Our mobile devices have become mini-communication hubs that seemingly power our interactions. These communication trends have infiltrated the...

Business Process Automation (BPA)

case-management-banking
Case Management in Banking

Most of us associate the term case management with the social services or legal industries. Yet, an increasing number of financial institutions have implemented case management as more and more banks...

Business Process Automation (BPA)

treasury management services
Guide to Treasury Management

Many businesses need the type of banking services that helps with assets and holdings. Treasury management services and products are designed to assist with the management of these financial assets,...

Business Process Automation (BPA)

Transforming Commercial Account Opening in the COVID-19 Era
Transforming Commercial Account Opening in the COVID-19 Era

In the digital age, consumers are used to interacting with digital companies who are able to provide a seamless mobile experience. In addition, FinTech upstarts are significantly reshaping the...

Business Process Automation (BPA)

Treasury-management-services
How To Improve Banking Processes with RPA and BPM

Both retail and commercial banks are facing increased pressure to boost productivity and profitability in an industry that has become more difficult to navigate than ever. Today, banks must cope with...

Business Process Automation (BPA)

How Banking CIOs Can Drive Crisis-Inspired Innovation
How Banking CIOs Can Drive Crisis-Inspired Innovation

Prior to the COVID-19 crisis, the banking industry was in a place of strength with unprecedented prosperity. In fact, many financial institutions were much more fortified than any other time after...

Business Process Automation (BPA)

3 Ways CIOs Can Better Manage Treasury Services in 2020
3 Ways CIOs Can Better Manage Treasury Services in 2020

Instead of scrounging for their checkbook, a group of eight can evenly split the cost of a dinner out with the tap of a button. Online food ordering platforms aggregate local menus for a one-stop...

Business Process Automation (BPA)

Traditional Bank Isometric Set
How Automation Has Transformed the Banking Sector

We live in an always-on digital world where customer demand now evolves rather quickly. In this connected era, bank customers expect the always-on experience from their banks as well. In fact, it...

Business Process Automation (BPA)

Wireless transfer of money through mobile phone vector concept
How the Future of ACH Converges With the Demands of the New Economy

In 2018, the ACH network of digital bank-to-bank money handoffs saw a record year of nearly 23 billion payments. ACH has rapidly eclipsed the popularity of the quaint paper check, who only saw 16...

Business Process Automation (BPA)

Process Mapping
How Business Activity Monitoring Can Transform How Your Bank Does Business

Banking leaders no longer have the luxury of waiting for a quarterly, monthly, or even weekly report to inform them of what’s happening in their business. One missed anomaly can lead to costly...

Business Process Automation (BPA)

Hyperautomation in Banking
Understanding TDRs and Automation in the Time of COVID-19

As the COVID-19 health crisis continues to batter the economy, a troubled debt restructuring (TDR) will consume a significant portion of getting businesses up and running as unprecedented financial...

Business Process Automation (BPA)

Checklist for Banks Preparing to Offer SBA PPP Loans
Checklist for Banks Preparing to Offer SBA PPP Loans

The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act included a $349 billion loan program called the Paycheck Protection Program (PPP). This stimulus program is designed to...
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