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Choice of strategy automation financial institution based on quantitative SWOT analysis

Usage of automated informational systems in the daily activities of a financial institution is the basis of its successful existence and development. The most common ways of automation in the financial sector based on own development or standard of automated banking systems (ABS) are no longer able to meet the increasing needs. That is why the use of successfully operating in other industries ERP systems becomes very attractive. For today, many researches has been done on the existing market of banking systems. There are also works describing the advantages of using ERP systems for automation of economic activities of the bank. Nevertheless, it is quite difficult to make a choice about strategy of automation. The aim of the study is to identify and assess the strengths and weaknesses of each of the ways of automation and their ability to withstand the opportunities and threats of environmental factors. The method of quantitative SWOT analysis based on expert assessments was used for this study. The quantitative SWOT analysis matrices had been obtained because the study allow decision-makers in the field of IT strategy to have a more balanced approach to the choice of the development path. Comparison of SWOT matrices for analysis of automation paths allows making a conclusion about the preference of using ERP system as a basic system in the bank. Read more...

Automation of business processes of financial organization for checking clients based on information from open sources

The aim of this work is to increase the efficiency of the business process of checking clients of financial organizations by using solutions in the field of robotics. These technologies are considered as an alternative to the classic manual routine check of borrowers, which is carried out both at the initial request of clients to the Bank, and on a periodic basis, according to the legislation of the Russian Federation. The article contains a detailed analysis of the "robotic process automation" method for credit organizations in the framework of organizing the process of financial monitoring of borrowers. This technology allows you to automate standard employee actions performed in a standard graphical user interface (GUI). The article discusses the problems that arise when implementing RPA technologies in banks, the main reasons for their occurrence, as well as methods for solving them. The possible software implementation of the proposed methods using the Automation Anywhere software product and integration of the results into the MS Dynamics AX system are shown. The cost estimation of the effectiveness of this method is made, and positive non-economic effects are considered. In conclusion, we describe the main prospects for the development of RPA technology in the banking sector, possible integration with other software solutions used in credit institutions. Read more...