RPA in Banking & Finance I Fortra

RPA in Banking and Finance

Meet the demands of modern business, ensure accuracy, and maintain regulatory compliance with robotic process automation

How Can RPA Help Your Financial Institution?


Robotic process automation leverages software bots that act as digital workers, enabling financial institutions to save money, improve productivity, and mitigate risks, while building greater resiliency for the business. 

Whether a bank, credit union, or mortgage lender, your customers and members turn to you to save, invest, spend, or borrow, expecting exceptional service at each interaction. If this does not occur, they will likely look to another financial institution.

To stay competitive, you need a banking automation solution that can quickly and accurately manage high-volume processes across complex infrastructures—all while maintaining regulatory compliance.

RPA Use Cases for Banking & Finance

Robotic process automation software has the flexibility to automate almost any repeated process and the ability to scale to meet your future needs. For financial process automation, you might want to start by configuring your software robots to take some of the following processes off your hands.

Loan Underwriting

Streamline the tedious data entry involved in loan underwriting and eliminate errors with automated data entry and extraction.

Debit & Credit Card Fraud Processing

Time is of the essence when there's potential fraud detected and RPA can help automatically kick off alerts and other processes.

Account Closures

Close inactive credit and debit cards, especially during the escheatment process, in an error-free fashion.

Loan Bundling

Eliminate the need to manually prepare each individual loan by allowing RPA to group and prepare loans automatically.

Priority Management

Easily manage the priority of incoming customer inquiries to provide quick and top-notch service.

KYC Processes

Streamline Know Your Customer processes to easily take on setting up and validating customer data, as well as compiling and screening customer information for risk assessments.

ACH Stop Payment

Use RPA to stop ACH payments even faster with an automated process that can kick off when triggered by preset events.

Reconciliation Process

Replace manual efforts with rule-based automation, verifying each payment entry against bank data and other records.

Payroll Information Management

Copy member's existing payroll departments into a new one and clean and mine the data to ensure accuracy.

Want to see RPA use cases in action—like integrating with Blend, Fiserv, and more?

See more use cases

The Top 5 Reasons Banks Love RPA

In banking and financial institutions, where transaction volume is high and risk management is of major importance, RPA is a must-have tool that can put you ahead of the competition.

Experience the Power of Intelligent Banking Automation

Banks need a smarter, faster way to capture data and process documents. We offer easy-to-use intelligent automation tools that empower you to supercharge automation capabilities and maintain control of critical information with more speed and accuracy.

With intelligent automation, you can leverage the best in robotic process automation and intelligent document processing to capture and extract complex document data, reducing your manual data entry by up to 90 percent. Our intelligent process automation solution automatically captures documents as they enter your organization, so you can easily handle common data in uncommon places and make that data usable across your organization.

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Get Up and Running Quickly with RPA Connectors

Check out RPA solution templates for Encompass, Blend, Mortgage Cadence and more.

Plus browse 150+ pre-built bots and connectors available for free download on the Automation Connector Hub.

Get Started with RPA in Banking

Determine Processes to Automate

Starting small is key, choosing a few targeted processes that will give you a quick ROI. Here are a few recommended resources to help you get started:

What Do Users Love About Automate?


Get more insight into the value Automate can provide your bank by reading our user reviews on G2.

Automate Users Most Likely to Recommend Summer Best Estimated ROI Summer Automate Best Meets Requirements Summer Automate Easiest Admin Summer Automate Easiest to Use Summer Automate Fastest Implementation Summer Automate Highest User Adoption Summer



See How Robotic Process Automation in Banking Can Transform Your Business

Schedule your personalized demonstration of Automate RPA to see the power of RPA at your banking institution.