Financial Services Automation

Financial Services Automation: Transforming Banking and Insurance Operations

Reducing Costs, Enhancing Efficiency, and Driving Compliance at Scale

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World class fintechs and banks drive better CX with Alltius

Up to
40%
Reduction in Operational Costs
Up to
60%
Improvement in Compliance Adherence
Up to
35%
Reduction in Fraud-related Losses
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO
“One of the best of its kind we've seen. Earlier, it took 6-7 months to get new reps to medium level in training. Alltius could cut that time by 50%.”
Nick Howard
CTO

Alltius' platform has been extremely promising. As a FinTech with high bar on partner security, they meet our info-sec standards.

Jyotiswarup R
CTO

Why use Financial services automation platform?

The financial services industry is under constant pressure to enhance operational efficiency and deliver faster, more personalized services. Automation in areas like client onboarding, portfolio management, and regulatory reporting can reduce administrative overhead, mitigate risks, and enhance customer satisfaction. By embracing automation, financial services can stay ahead of market changes while delivering a more seamless experience.

hallenges in Travel Insurance Processing

  • Manual processing delays account for up to 30% of operational inefficiencies in insurance firms.
  • Compliance risks increase due to human errors in data processing.
  • Claims processing errors cost insurers over $40 billion annually.
  • Fraudulent claims detection remains a challenge, with 20% of claims being suspicious.
  • Customer dissatisfaction rises due to lengthy approval processes and inconsistent communication.

ow Automation Solves These Challenges

  • Reduces processing times by up to 60% with automated document verification.
  • Enhances compliance by ensuring real-time regulatory checks.
  • Identifies fraud patterns using advanced anomaly detection techniques.
  • Eliminates redundant workflows, cutting operational costs by up to 40%.
  • Improves customer satisfaction with instant status updates and faster approvals.
  • Data Extraction & Validation: Extracts financial data from various sources and validates it against compliance standards.
  • Automated Decision-Making: Implements predefined rules and risk assessment models to streamline underwriting and claims processing.
  • Fraud Detection & Prevention: Uses anomaly detection to flag suspicious transactions in real time.
  • Seamless Integrations: Connects with core banking systems, claims management platforms, and regulatory databases.
  • End-to-End Workflow Automation: Automates approvals, notifications, and documentation, reducing dependency on manual intervention.
Reduce turnaround time for financial operations by up to 60%.
Minimize errors and improve compliance with automated verification.
Lower operational expenses by eliminating manual processes.
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Why choose Alltius?

Domain Knowledge
No Engineering Lift
It Works, Everytime!

Excellence in every channel

Build once & deploy AI across all your company channels - instantly.

Resolve issues on autopilot

Solve complex queries by taking actions on systems autonomously.

Agent assistance on point

Supercharge your team with AI agents that do heavy lifting for them.

Deliver ROI at speed of light

Turn all your customer interactions into growth opportunities - at scale without increasing your headcount.

‍

"Alltius’ work has been very promising! Within months they have deflected a substantial portion of our incoming tickets.

We see them as our extended team."

Jyotiswarup R, CTO, AngelOne

Tailored info-sec SLA plans

Ensure the highest degree of compliance & security requirements for your AI systems.

Privacy first data
control

PII protection, masking, VPN storage, AES encryption & more ensures no data leakage from any agent.  
Better Financial services automation is just one call away!

Make AI your competitive edge. Use the future of CX that is ready today!

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What is automation in financial services?

Automation in financial services refers to the use of technology to optimize workflows, reduce manual effort, and improve efficiency in banking and insurance operations.

What is RPA in financial services?

Robotic Process Automation (RPA) in financial services automates repetitive tasks like data entry, compliance checks, and transaction processing, improving accuracy and speed.

How is automation improving loan origination?

Automation accelerates loan application processing, risk assessment, and underwriting, leading to faster approvals and reduced operational costs.

How does automation help with regulatory compliance?

Automated compliance systems ensure accurate reporting, real-time monitoring, and adherence to regulatory standards, minimizing compliance risks.

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