RPA automates and speeds up the credit card processing
As soon as a Bank account is opened in the name of a customer, one of the first things he will do is to apply for a credit card. But there is a huge delay in credit cards to be approved by the bank and this leads to dissatisfaction and sometimes, even cancellation of the request.
With RPA, a bank can collect customer documents online, conduct background checks and other credit-related checks, and approve the application of credit card based on the eligibility criteria. Since it is a repetitive and rule-based process, the RPA process can speed up the process and cause zero errors. It guarantees customer satisfaction and reduces dependency on manual power which can be utilized for more analytical roles.
