Quick Summary: Banks are using automation (RPA & AI) to cut costs, make faster decisions, and create better customer experiences. This guide helps IT leaders spot the best automation chances using process intelligence and shows real results from top banks.
Banking automation uses software to handle tasks that people used to do manually. This cuts costs, speeds up work, and reduces mistakes.
|
RPA (Robotic Process Automation) |
AI-Powered Automation |
|
Follows set rules |
Learns and adapts |
|
Handles repetitive tasks |
Makes predictions |
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Needs human guidance |
Works more independently |
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Example: Data entry |
Example: Fraud detection |
RPA uses software bots to handle repetitive tasks. In banking, these bots can:
RPA works best for tasks with clear rules that don't change often.
Unlike RPA, AI doesn't just follow rules—it learns from data. AI systems in banking:
The mix of AI with banking is called "predictive banking"—using past data to guess what will happen next. This helps banks make smarter, faster decisions. This also creates the foundation for Agentic AI use cases.
Problem: Banks lose billions yearly to fraud that's getting more complex.
Solution: AI systems analyze transaction patterns to spot suspicious activity in real-time.
Real Results:
Problem: Traditional loan approval takes weeks and misses good customers without perfect credit histories.
Solution: AI assesses creditworthiness using thousands of data points beyond credit scores.
Real Results:
Problem: Customers struggle to manage finances without personalized guidance.
Solution: AI-powered apps analyze spending patterns and offer tailored advice.
Real Results:
Problem: KYC and AML checks are time-consuming and prone to errors.
Solution: AI automates document processing and risk assessment.
Real Results:
Process intelligence is the missing link in many automation projects. Before you can automate, you need to know exactly how your processes work in reality—not just how they're supposed to work.
Skan AI's process intelligence platform goes beyond traditional process mining by:
Capturing every user action without needing system logs. Skan AI observes human work from the desktop, so every step in a process is available for analysis, not just one system.
Works across all applications. Skan AI can observe every application, including legacy mainframes and VDI desktops, which are common in banks.
Protecting privacy while still showing the complete process. Sensitive information is both redacted and stored locally. This is all part of Skan AI’s privacy-first architecture.
Scaling to any size organization. Skan AI can observe processes that cover large teams (thousands), teams that are geographically spread out, and long-duration cases that span days to weeks.
Process variations: Different teams follow different workflows even though they are working on the same cases. The need to scale observation analytics across teams is important to find the optimal and suboptimal workflows.
Change management: Staff resistance to new ways of working. Using productivity analysis to help educate staff on why change is better for their
Governance: Balancing speed with control and compliance. Protecting sensitive data is a must in banking use cases.
Ready to find automation opportunities in your bank?
Request our free Process Intelligence Assessment to discover where automation will have the biggest impact.
Q: Which processes should we automate first? A: Start with high-volume, rule-based tasks that don't change often. Use process intelligence to find these opportunities.
Q: How can we measure automation success? A: Track time saved, error reduction, cost savings, and customer satisfaction. Set clear KPIs before starting.
Q: Do we need to replace our core banking systems? A: No. Modern RPA and AI solutions can work with your existing systems.
Q: How can we ensure compliance with banking regulations? A: Choose automation tools with built-in compliance features and audit trails.
Q: What skills do we need on our team? A: The best practice is to build a center of excellence (COE) with a mix of process experts, developers, data scientists, and change management specialists.
AI is not the future of banking; it is the present. Stay ahead by learning the correct areas to deploy and optimize your processes with AI.
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