GDPR drives growing interest in Robotic Process Automation

Finance companies are focusing on automation as the arrival of the European Union’s General Data Protection Regulation (GDPR) next month has prompted global warnings about rocketing administration costs for businesses trying to manage the complexities of the new law. So-called Robotic Process Automation (RPA) uses technology to configure computer software or a 'robot' to independently carry out core tasks such as capturing and interpreting data, then acting on it, without the need for human involvement.

GDPR drives growing interest in Robotic Process Automation

Apr 23, 2018

Finance companies are focusing on automation as the arrival of the European Union’s General Data Protection Regulation (GDPR) next month has prompted global warnings about rocketing administration costs for businesses trying to manage the complexities of the new law. So-called Robotic Process Automation (RPA) uses technology to configure computer software or a 'robot' to independently carry out core tasks such as capturing and interpreting data, then acting on it, without the need for human involvement.

How affordability software is reshaping the customer journey

The growing sophistication of affordability software has the power to transform the way lenders interact with customers, but organisations should avoid an over-reliance on technology, experts warn. Affordability software automates whole elements of the creditworthiness assessment process when considering finance applications, to effectively deliver a self-service solution to customers that slashes approval times from days to minutes. In addition, the risk of default can also be reduced because of the sheer scale of the customer information collected directly from their bank accounts for analysis.

How affordability software is reshaping the customer journey

Mar 27, 2018

The growing sophistication of affordability software has the power to transform the way lenders interact with customers, but organisations should avoid an over-reliance on technology, experts warn. Affordability software automates whole elements of the creditworthiness assessment process when considering finance applications, to effectively deliver a self-service solution to customers that slashes approval times from days to minutes. In addition, the risk of default can also be reduced because of the sheer scale of the customer information collected directly from their bank accounts for analysis.

Why open banking creates a new landscape for asset finance

A new era in finance has started as the deadline passes for major banks to comply with new open banking legislation that promises to revolutionise consumer and business funding. In truth, the revolution has started with a whimper rather than a bang, as many of the major banks have secured an extension beyond the January 13 deadline for the new regulations, but over the long-term, it has the potential to change how businesses and consumers source finance.

Why open banking creates a new landscape for asset finance

Jan 11, 2018

A new era in finance has started as the deadline passes for major banks to comply with new open banking legislation that promises to revolutionise consumer and business funding. In truth, the revolution has started with a whimper rather than a bang, as many of the major banks have secured an extension beyond the January 13 deadline for the new regulations, but over the long-term, it has the potential to change how businesses and consumers source finance.

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Boards need battleplan to combat cyber-attacks

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.

Boards need battleplan to combat cyber-attacks

Oct 20, 2017

More than two-thirds of FTSE 350 boards have never received any training to deal with a cyber-attack and 10% have no plans in place to respond to an incident, UK government research has revealed. Undertaken in the wake of recent high-profile cyber attacks, the survey of the UK’s biggest 350 companies found 68% of boards had not received training despite 54% saying it was a top risk to their business.