Automation in banking industry is not a new thing. We first saw automation using the first automatic teller machine (ATM) in 1969. Since then the ATM has opened the way for the banking industry to focus more on customer service and other banking needs.
With the invention of the internet and cell phones, mobile banking, increasingly eliminates the need for tellers to perform basic tasks such as withdrawing money or questioning accounts. Now, with advances in AI and machine learning, what will happen in the future for the banking industry?
Automation in banking is very important for compliance reasons. Because there is a lot of information that might be too sensitive to be seen by employees or confidential. Which bank employees do not need to know that.
One of the most important is avoiding human mistakes. Because humans tend to make mistakes for various reasons such as carelessness and disease. This is useful for making complex calculations because there are many tabulated numbers in the banking process. And this is very helpful for banks in running their banking business
Gleematic can also make complex calculations faster than employees that allow greater productivity and efficient performance in developing financial businesses such as banks or other financial institutions.
Very strong predictive analysis to help companies refine decision-making processes such as accepting or rejecting loan applications and many repetitive and insignificant bank processes, so they can be minimized by using Gleematic Automation.
In this case, employees can be freed to include more meaningful and more competent responsibilities to produce more business for the company. Machine learning allows more documents to be processed automatically without the need for employees to do eye-balling which takes longer than the automation machine. Banks can scale up faster if their transaction volume increases. And banks don’t need to go through a rigorous process of recruiting new staff but instead use more robots to meet their own needs. That is why Gleematic is very important for banking companies to improve their business development.
Written by: Zachary