Robotic Process Automation

Robotic Process Automation (RPA) is a subset of Intelligent Automation software that mimics human behavior to execute rule-based processes with limited or no intervention from humans. If your organization have any processes that fall under below categories are potential candidates for automation.

  • manually done today
  • involve highly repetitive tasks
  • rule based tasks

At Wissen, we take up RPA engagement in a systematic way by following 3 step approach as described below:

Process Identification

In this step, we review proposed processes for automation and add qualified processes to backlog. We identify data needed for matrix and assign data collection.

Scoring and Prioritization

In this step, we score and prioritize processes leveraging matrix data and kick off preliminary process flow design discussions.

Automation Design

In this step, we Draft RPA automated functional design for selected sub-process, Identify opportunities to optimize before automation (time-boxed) and Discuss automation progression/increments for end-to-end processes.

A typical business process scenario before and after implementation of RPA in an organization:

Optimization

Use Cases in Optimization

Collateral Optimization

  • Solution to determine the best way to finance an asset on the book based on cost and balance sheet impact
  • Collateral could be used to meet margin requirements at exchange, raise cash from repo markets or used for securities lending
  • Optimization model to also capture the impact on balance sheet and Risk Weighted Assets (RWA)

Portfolio Construction

  • Construction of portfolio on efficient frontier with maximal return and minimal risk
  • Generation of alpha signals based on correlation of factor returns
  • Quantitative approach to portfolio construction

Segregation

  • Determination of assets that are most profitable for usage by the bank after applying requirements as per customer protection rules