In January 2021, FCCA completed Robotic Process Automation (RPA) use case within Transaction Monitoring Alert Investigations under HKMA guidelines for a retail bank in HK.
Under the HKMA guidelines, RPA is one of the technologies leveraged that applications or solutions used within AML/CFT programmes. Our RPA solution allows customer to:
Start with small and quick deploy for immediate efficiency gain for the compliance operation
Shorten the manual process
Step-by-step RegTech initiative planning
This is a 3-year RegTech roadmap adoption with 2 phrases.
Phrase 1: RPA for AML transaction monitoring alert investigations
Consolidated 5 source systems
Enhanced business operation efficiency
Able to clear the backing within weeks
Saved 2 - 3 manpower in compliance operation
Phase 2: Automation of remote account opening
For more details, please refer to Bank C from the attachment below: