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How‌ ‌Robotic‌ ‌Process‌ ‌Automation‌ ‌Helps‌ ‌in‌ ‌Banking‌ ‌ &‌ ‌Finance

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How‌ ‌Robotic‌ ‌Process‌ ‌Automation‌ ‌Helps‌ ‌in‌ ‌Banking‌ ‌ &‌ ‌Finance

Introduction

In the fast-paced world where every second makes value, the banking and finance sector is one that is highly dependent on manpower to meet its daily tasks. The tasks not only are time-consuming and repetitive but also require accuracy. Even a minor mistake in accounting can do blunders which may adversely affect the institution. It is then when the banking & finance sector felt the need for reforms that is the introduction of robotic process automation to minimize the time consumed as well as to increase accuracy in order to make the whole process efficient. Not only it increases efficiency but also, it does eliminate the need of expanding the infrastructure hence making the process cost-effective.

Positive impacts of robotic process automation

Since the time when robots have started replacing manual work, it’s been a relief in a way that humans are now able to explore other aspects of business and also the efficiency of doing work has raised considerably. There are multiple positive effects by which robotic process automation has impacted the banking and finance industry. 

  • Robots are to mimick human actions hence providing relief to humans from doing a task repetitively and instead letting them focus on revenue generation.
  • The interference of bots performing tasks has reduced the room for errors as machines can do repetitive tasks for a long time without fatigue.
  • It has enhanced security by as well as made the process faster by offering the customers to serve themselves for various tasks.
  • RPA has been working in a direction to streamline the workflow.
  • Time-saving: The introduction of robotic process automation has significantly reduced the amount of time consumed in completing the banking tasks.

Banking and finance by the robotic process automation

One can witness multiple tasks carried by the next-gen technology that is the RPA these days in the field of banking and finance.

    • KYC: The manual process of doing KYC can be replaced with the help of RPA which also will result in minimizing human errors.
    • Fraud prevention: Using RPA technology that performs algorithms for validating customer’s credentials can be an effective measure for fraud detection and prevention.
    • Mortgage Processing: RPA can simplify the process by assisting on multiple stages of mortgage processing hence making the loan disbursals easier and faster. 

 

  • Account Closure: The technology can also be beneficial in the account closure process by collating all such requests and delivering updates about the documentation required and account closure status.

 

  • Fetching data from multiple systems: The indulgence of bots in the banking and finance industry can also assist by collating the data fetched by the source system which is initially updated by an employee and updating it on the other networks connected to it.
  • Robotic process automation is an effective measure in addressing customer grievances on a real-time basis and re
  • directing it to the support staff only if required.

Conclusion

The world has witnessed a growth in machine-human interaction in the past decade and the same can be seen in the banking sector as well. The robotic process automation has not only reduced the burden of humans by performing time-consuming tasks but also have increased the accuracy and hence the productivity. By introducing robotic process automation in its system, banking institutions and bankers can get the most out of its infrastructure, assets, and employees.

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Shop for the Best Smartphones on EMIs during this Diwali Festive Season

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diwali shopping

You can use the Bajaj Finserv EMI Network Card to buy a smartphone available on Diwali sales, thus making best use of the Diwali offers on phones. 

This Diwali, you can get your hands on some of the most updated smartphones that come with the latest technology and better resolution, and boast of a larger aspect ratio. 

The Diwali offers on phones are numerous as many manufacturers announce discount offers on their products, while others opt to lure customers by offering them cashback and other offers. 

As the Diwali sale is on, more people are queuing up to buy electronic products, home appliances, and lifestyle items with their debit or credit cards, to secure themselves from the inconvenience of carrying cash. 

Redefining Diwali Shopping 

The Diwali shopping frenzy has led to many shoppers planning their purchases and getting their cards ready to make the payment, be it online or offline. Debit or credit cards help shop sans the need to carry or pay anything in cash. 

However, you must have enough money in your savings or current account to be able to pay with your debit card, or an adequate card limit to be able to buy on credit. 

The wise shoppers, however, prefer to buy with the Bajaj Finserv EMI Network Card that comes with a pre-approved loan of up to Rs. 4 lakh. 

Your Diwali expenses are no longer a liability or cause a dent in your savings, as the entire amount is converted into a loan that can be repaid within a period between 3 and 24 months. Under the ‘No Cost EMI’ feature, no interest or penalty is charged. 

This means that the card holders do not fear having to pay additional interest rates, depriving them of their hard-earned money. The pre-payment of the loan does not beget any foreclosure charges either.

Savings on Diwali Shopping

Festival time is synonymous with discounts and freebies. Besides the discount offers, customers can avail coupon cards and promo codes from some reputed coupon vending websites like CouponDunia, CouponzGuru, CashKaro, Couponraja etc. 

Gift cards are another good way to reduce the price of the product. One may avail them from retail outlets, cinema theatres, e-commerce websites, and private banks. 

Most Indian households get busy with their list of purchases, be it shopping for the house or spending on gifts for their families and loved ones. 

While they all have a budget in mind regarding expenditure on gifts, at times it may be difficult to stick to it considering rising prices and affinity for better and updated products. 

Buying What You Love 

Choosing the best mobile from among so many can be difficult. The dilemma of buying the best gift can be exhausting. 

While we know what we want to buy, we sometimes are not able to resist ourselves from paying for items that we may not need immediately or in near future. 

To save money on such rampant purchases, it makes sense to choose a payment mode that allows us to pay later for the items that we buy now. 

Some resist the temptation to swipe credit cards for their Diwali purchases. 

Smart shoppers let themselves are carried away with the Diwali sale offers knowing that they have their Bajaj Finserv EMI Network Cards to fall back on. 

So shop smart this festive season, and use the EMI Network Card to bring home the latest smartphone model that comes with excellent features and specs.

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Things That May Prevent Coronavirus from Spreading All-Around

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coronavirus prevention

Currently, the whole world is facing a serious issue caused by Coronavirus which has destroyed everything badly. Thousands of deaths have been recorded from the last few months all over the world. hundreds of people are still suffering from this serious virus outbreak.

The terms of business around the world have also affected badly due to the pandemic situation. The whole world is planning for strict solutions to remove the sign of coronavirus from the world. as we all agree on the statement that the business industry is the only solution which can better help out the country to improve its economic graph.

In other words, you can say that the business industry is the real-time representation in front of other countries through its intelligence. It is very much important to help out this industry to boost efficiency by utilizing several effective solutions.

WHO (World Health Organization) has also described the best solutions which you need to apply to prevent coronavirus? The main thing you can see is to enhance social distancing whether you are in a busiest street or commercial place, it is a mandatory step to follow that will surely save you from getting affected by serious virus attacks. Many organizations have allowed their employees to work from their homes during pandemic which is also an effective step.

This thing has also stopped destroying the business industry completely. Modern technology and its effective solutions are always supportive to us and these solutions have also provided the best support to modern business life during the pandemic situation.

It is an obvious factor that you are not able to work from your home without having the great support of modern technology. Modern gadgets and solutions have managed everything with the help of modern technology. 

Here we will discuss with you in detail the modern solutions and those things which may prevent coronavirus in a better way. Moreover, you will also get to know here some useful tips that may keep your save from getting affected seriously through this serious disease respectively.

Modernize Solutions to Prevent Coronavirus:

No doubt, the role of modern technology is always considered at the top of the list whenever we will discuss the vicious circle of coronavirus outbreak. Do you have any idea about Scantekk Kiosk? It is the most reliable solution in these days which may help you out to sort out the affected people in a huge crowd.

The basic purpose of postponing the business events is to not having such effective solutions that may help you out to get a notice about the affected people in the group. Now, with the help of this incredible solution, we can better judge the affected people through monitoring their body temperature.

This amazing gadget has invited back the professionals to their workplaces and it has also provided them with a surety that everything will be under control just you have to make it compulsory to use this gadget by all means. The best and effective solution is to place this device outside the commercial places and it will scan the whole face to describe the current health condition of the person by all means. 

Here are other effective solutions that may also prevent coronavirus from spreading all around. you also need to follow these things strictly and also force your loved ones to follow them as they are described.

Things to Apply to Avoid Coronavirus:

These tips will also help you out to get a real-time effective solution to prevent coronavirus disease in a better way.

  1. It is very much important and compulsory to wash your hands regularly many times in a day. Use warm water along with soap and rub your hands for a minimum of 20 sec.
  2. Avoid touching your face because it can cause serious damage to my health.
  3. Water a mask on your face and gloves on your hands when you are not at home. the first thing you need to try is to stay at your home and do not leave out until you have urgent work.
  4. Avoid joining the huge gathering and do not travel in a rush. It is also an important thing to use sanitizer on your hands and avoid gathering.
  5. Stop shaking hands and hugging people because coronavirus spread through these things. 
  6. Avoid sharing personal items like phones, makeup, combs, and many other things like that.
  7. Social distancing is the key element that you have to follow in the whole scenario. Without keeping the specific distance, you may not be able to remove the sign of coronavirus immediately. 
  8. Make sure to place a thermal scanner outside the business premises as it is the only reliable solution, we have which can save us from serious health damage. It will also notify the affected people through its intelligence on screen. 

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Business

5 EASY TIPS TO CRACK ANY INTERVIEW

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Nowadays, getting a dream job is not an easy task as there is a lot of competition out there, and you just have made all your effort if you want to live your dreams. Hard work and dedication are the two major attributes for job seekers however, only these two are not sufficient to get the desired success. You need to have the perfect performance in your job interview. In research, it is said that if you want to master the art of cracking any job interview, you must understand and apply below important tips to be successful in an interview.

  • Practice

One thing that you should always remember is that practice is the only thing that can make you more confident. Before giving an interview for the best jobs in Dubai, practice how to answer some of the tricky interview questions that could be asked in an interview round. On the internet, you can find hundreds of model interview questions, try to practice answering them repetitively.

  • Be Prepared

 To excel in an interview, you should do a lot of preparations. You cannot excel in an interview if you are unprepared. The result of the interview process purely depends on the level of preparation you have made. When you will do a lot of preparation, you will feel more confident.

  • Be Punctual

For an interview, you always have to be punctual. It is very important that you reach the place before the stated time. This will develop a good impression on the employers. If you are late, the interviewers will get a bad impression about you and may reject you immediately. So, you have to be before the time at the venue of the interview.

  • Be Confident

Before and during the interview you have to be confident and try to stay relaxed. Try to calm yourself and you will see that the confidence will certainly grow within you. With this, you will be in a good position to handle any interview questions asked to you. In a confident position, you will be able to think and answer it more clearly.

  • Body Language

You must also be mindful of your body gestures in the interview process. Do not shiver, touch your hair or play with your fingers as these signs lack of confidence. You should maintain a positive and professional body gesture such as try to make good eye contact, sit is straight posture. Maintaining a good body gesture will definitely increase your chances of cracking the interview. Also, don’t forget to put a smile during the interview process. This creates a positive impression on the interviewer.

While searching for the new jobs in Dubai, you should also look for the material to be an expert in your domain area, before the interview. Read relevant weblogs, magazines, and newspapers too. You can also subscribe to relevant internet feeds to get the latest information about your industry. Remember that in an interview, you are essentially selling yourself. So, read the above tips before attending any interview, and this knowledge will enhance your chances of getting the job.

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