Do you agree with the fact that integration of proliferating data takes a prominent role in driving digital transformation?
Organisations need to collect, organise and analyse the siloed data across multi & hybrid cloud and data lakes platforms. Data integration is helping businesses to make faster and more accurate decisions, by eliminating the distort and knowledge-gaps that have plagued interoperability for decades. Institutions to thrive continuous business excellence and to have a competitive edge in the industry, it is imperative to being paradigm leveraging the data integration by adopting transformational technologies like Artificial Intelligence and Machine Learning to stay innovative, flexible, and scalable.
Machine learning is the best-fit for process efficiency and extracting real intelligence from heterogeneous data sources to multi-model data. Our Machine Learning tools and unique models gather and process the unstructured data automatically and migrate them to structured format helping the organisation to make informed decisions facilitating business stakeholders to get closer to the unbiased, fully data-driven decision-making by showcasing both better outcomes and clear recommendations.
Artificial Intelligence with natural language processing enables analysts with the ability to distinguish patterns, trace suspicious behaviours and respond to malicious threats with greater confidence and agility. Artificial Intelligence enables multi-layered security to identify fraudulent and suspicious transactional activities. In addition, Rule-Based Machine learning (RBML) algorithms have the potential to analyse millions of data points to detect fraudulent transactions that go unnoticed in the core fraud prevention detection systems, helps in improving the precision of near real-time notifications for approvals and reduce false-positive results.
Are you rely heavily on data and documents?
Do you want to outsmart the competition?
Is your target aims to mitigate the financial risk?
If the answer is YES for the above questions, then Click Here to know about the Macro Global “Enterprise Document and Workflow Management System ” which might be a right fit for resolving the above challenges to handle data discovery, streamlining the workflow, increase productivity, and make more data-driven decisions.
To discover more on how Macro Global can help you to monitor, manage and mitigate the above challenges, please reach us out on firstname.lastname@example.org (or) +44 0207 993 2009.
Banking post-pandemic has profoundly disrupted and has pressed a reset button as 56% of the global population are intended to avoid branch banking. The new thinking to adapt to the new normal for the banking and financial services stipulated the digitisation of customer onboarding and deposit-taking.
A smooth customer onboarding journey is becoming the norm rather than a differentiator. Fenergo, a digital transformation fintech firm states that about 70% of the millennials demand a frictionless integrated onboarding experience across all banking channels and one in three (36%) financial institutions have faced customer abandonment due to inefficient onboarding. To support the market conditions, customer needs to be combined with cost-effective business operating model with an increased demand for digital interaction, banks are accelerated to invest in fintech solutions to avoid the tedious application process with an all-round service offering – fast processes – easy banking – any time and from anywhere.
Digital Customer Onboarding improves customer experience with intuitive navigation by aggregating their data to make the process smoother or even effortless. The digital platform provides reliable online identification services that help the banks to quickly verify the customer data and subsequently accelerate the customer’s access to the banking products and services.
Financial Institutions are striving hard to leverage innovative technologies ranging from Artificial Intelligence, Behavioural Biometrics to Machine Learning to improve their existing mechanism of data capturing, KYC validation and due diligence checks while onboarding the customer.
Robust eKYC Validation
Enhanced customer due-diligence checks using AI & ML techniques reduces KYC risks for the banks and real-time integration of eKYC offered by third party API Services along with customer onboarding workflow substantially improves the process of AML monitoring and fraud detection & control.
Augmented Customer Experience
Intuitive user interface for onboarding with real-time notifications, gives the customer an instant gratification than the paper-based application forms.
Digital Onboarding empowers the banks to build a data-driven customer acquisition strategy with machine learning using statistical models and historical data of the customer. Banks can explore the behavioural analytics of the customer to offer them more tailored offerings improving customer satisfaction & retention rate.
AI-powered digitisation techniques entail the banks redesign the existing customer onboarding process and deliver high-quality products and services with minimal overheads optimising the onboarding time.
Operational efficiency achieved through digital onboarding along with AI/ML-based Straight Through Processing (STP) eliminates manual data entry and processing errors with exponentially better customer service.
Macro Global PERA delivers an enormous value proposition as an integrated platform for customer onboarding and deposit-taking by enabling the banks to accelerate their customer acquisition in a simplified and streamlined manner to optimise the operational cost alongside ensuring regulatory compliance. To discover more on how Macro Global with its subject matter expertise can help you address the challenges, please reach us on email@example.com (or) +44 0207 993 2009.