Genpact taps RAGE to integrate artificial intelligence into risk and middle- and back-office functions

Fintech provider Genpact, whose Lean Digital platform streamlines and automates middle and back offices for financial firms, will partner with RAGE Frameworks to add the power of artificial intelligence to bank processes. The companies said that the combination of AI technology and business process automation can further eliminate cumbersome manual work from data standardization, semantic analytics, and system replacements and satellite system enhancements. The partner companies expect to apply AI technology to improve automation in commercial lending, policy underwriting, client onboarding, multi-system reconciliation, financial statement spreading, vendor screening and investment research. Further, the companies said the AI technology will be applied to processes both inside and outside financial institutions’ firewalls as well as across the enterprise. In one example where the technology has already been integrated, Genpact clients can more…


Link to Full Article: Genpact taps RAGE to integrate artificial intelligence into risk and middle- and back-office functions