How Automation Solves Cost, Compliance, and Customer Experience Challenges
Retail banks face mounting challenges due to outdated, manual processes. Studies show that banks spend over $270 billion annually on operations, with 40% of tasks still reliant on manual effort. Loan processing takes an average of 25-30 days, leading to high drop-off rates. Additionally, fraud costs the banking sector over $42 billion globally. Compliance violations result in billions in fines, further straining profitability. Traditional banking workflows lack the agility needed to scale and meet modern customer expectations.
Alltius AI transforms retail banking with intelligent automation, reducing inefficiencies and enhancing security. Our platform accelerates loan processing by reducing approval times by up to 75%, enhances fraud detection with real-time analysis, automates customer support, and ensures seamless compliance monitoring. By leveraging advanced machine learning, banks can cut operational costs by up to 60% while improving customer satisfaction through faster, personalized service.
Alltius automation platform integrates with your existing systems to streamline the entire insurance lifecycle.
"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
Make AI your competitive edge. Use the future of CX that is ready today!
Retail banking automation refers to the use of automated retail technologies to streamline banking processes, reduce manual intervention, and enhance efficiency.
Banking automation involves implementing RPA bank solutions to optimize processes like loan approvals, compliance checks, and customer interactions.
Automation improves efficiency by reducing errors, enhancing customer experience, and lowering operational costs through intelligent workflow management.
Retail banking automation enhances speed, accuracy, compliance, and cost-effectiveness, making banking operations more scalable and customer-centric.
