The RPA automation of banking processes has improved Compliance requirements, productivity, and reduced operating costs for one of the largest banks in the Middle east.
DUBAI, UAE, Aug. 23, 2021 /PRNewswire/ -- Automation Anywhere, a global leader in Robotic Process Automation (RPA), recently announced a collaboration with Arab National Bank (ANB) to automate back office processes.
Established in 1979, Arab National Bank (ANB) is a Saudi-listed joint stock company that ranks among the 15 largest banks in the Middle East. Headquartered in Riyadh.
With support from Automation Anywhere partner, Orion Valley, ANB has automated 35 manual repetitive business processes within the bank using Automation 360, the world's only cloud native, AI-powered RPA platform. More than 100 software bots now perform tasks within the bank's Operations, Compliance, HR, and other departments.
"Automation Anywhere technology is enabling the future of banking, by allowing financial institutions like ours to achieve significant cost savings, whilst providing higher levels of productivity and efficiencies," said Aiedh Al Zahrani, COO, Arab National Bank. "We successfully migrated more than 100 bots onto the Automation 360 platform, with almost zero downtime, thus saving an estimated 40,000 hours of manual work."
ANB wishes to continue to streamline routine processes, improve quality of work and decrease associated operating costs. Deploying intelligent automation offers a way to meet these objectives.
"Today, banks and other financial institutions need to remain competitive but also must meet multiple industry regulations involving extremely time-consuming processes requiring dedicated human resources," said Milan Sheth, executive vice president, IMEA at Automation Anywhere. "At its core, intelligent automation can automate mundane, repetitive business processes, and allow banks to take control of compliance costs, improve their risk profiles, and refocus their employee efforts towards innovation."
ANB plans to continue implementing additional software bots to further streamline Bank processes in order to take advantage of the resulting additional cost efficiencies.
About Automation Anywhere
Automation Anywhere is a global leader in Robotic Process Automation (RPA), empowering customers to automate end-to-end business processes with intelligent software bots. AI-powered digital workers that perform repetitive and manual tasks, resulting in dramatic productivity gains, optimizes customer experience and more engaged employee. The company offers the world's only cloud-native and web-based automation platform combining RPA, artificial intelligence, machine learning and analytics, yielding significantly lower TCO, higher security, and faster scalability than legacy monolithic platforms. Its Bot Store is the world's first and largest marketplace with more than 1,200 pre-built, intelligent automation solutions. Automation Anywhere has deployed nearly 3 million bots to support some of the world's largest enterprises across all industries in more than 90 countries. For additional information, visit www.automationanywhere.com.
Automation Anywhere is a trademark/service mark or registered trademark/service mark of Automation Anywhere, Inc. in the United States and other countries.