Rpa could be the next gold rush as financial institutions start to see its business value

Capco, a leading management consultancy focused on the financial services industry, announced the publication of the 46th edition of the Capco Institute Journal of Financial Transformation. Published in association with the Henley Business School, this edition of the Journal is focused on automation and robotic process automation (RPA).

The growing adoption of robotics technology by financial institutions is set to continue over the coming years. RPA provides an attractive solution for financial institutions, as it delivers substantial automation of daily, time-consuming data collection and processing tasks.

The Journal includes insights on the origins of RPA and identifies steps needed to avoid early stage implementation pitfalls, and information about how to unlock the real business value of RPA.

Capco CEO Lance Levy comments:
“Intelligent automation is one of the most prominent trends in financial services, and it is fundamentally redefining the industry landscape. We are seeing a rapid adoption amongst financial institutions of robotic process automation, enabling them to benefit from significant opportunities for cost reduction and efficiency gains.

“These robotic solutions are well-suited for banks responding to increasing regulatory and compliance demands; they offer more robust responses and liberate the human workforce to concentrate on truly value-added activities. To realise the full potential of RPA, institutions must form a very clear understanding of the business case, how to optimise the benefits, and how to manage these RPA once implemented.”

This edition of the Journal also provides perspectives on a variety of other challenges, including risk management transformation and financial planning.

Lance Levy continues:
“The Capco Institute’s Journal continues to provide valuable insights to practitioners seeking to improve strategic decision-making and operational performance. Capco is committed to bringing our clients real, evidence-based insights and guidance. I am hopeful this edition will help inform their future actions.”

About Capco
Capco is a global technology and management consultancy dedicated to the financial services industry. Our professionals combine innovative thinking with unrivalled industry knowledge to offer our clients consulting expertise, complex technology and package integration, transformation delivery, and managed services, to move their organizations forward. Through our collaborative and efficient approach, we help our clients successfully innovate, increase revenue, manage risk and regulatory change, reduce costs, and enhance controls. We specialize primarily in banking, capital markets, wealth and investment management, and finance, risk & compliance. We also have an energy consulting practice. We serve our clients from offices in leading financial centers across North America, Europe, and Asia Pacific.

To learn more, visit our web site at www.capco.com