MODERN TOOLS OF AUTOMATION AND ROBOTIZATION OF BANKING PLANNING

Autor: PESTOVSKA, Zoia
Jazyk: ruština
Rok vydání: 2023
Předmět:
DOI: 10.5281/zenodo.7543031
Popis: The reasons for introduction of modern information technologies, which radically change the organization of strategic planning, forecasting, budgeting and other business processes in banks, are considered. To ensure the sustainable development of the bank, various concepts of automation (based on Oracle Cloud integrated financial model systems) and robotization (RPA) have been identified and analyzed. The main task of banking management is to find the optimal ratio of price and quality, efficiency and profitability. The solution includes, among other, reducing of routine unskilled labor and errors, as well as reducing the cost of monitoring compliance. The following areas of robotization in banks are considered: processing of loan applications; back office; KYC procedures; customer service; fraud prevention; investment forecasts; hiring and onboarding of employees. The stages of transition to automated financial forecasting are presented: creation of a database of all financial processes; collecting the right data at the right time; fostering data-driven thinking. Improving the efficiency of process provides more opportunities to assess accuracy of budget assumptions and move towards a monthly forecasting process. A more frequent forecasting process, as opposed to an annual budget, will provide a stronger link between strategy and finance and help management inspire confidence in all stakeholders
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Databáze: OpenAIRE
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