March 2017 Current Affairs
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January 2017 Current Affairs
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ICICI Bank : First bank to introduce Software Robotics for power banking operations

ICICI Bank : First bank to introduce Software Robotics for power banking operations
09 September 2016 Current Affairs: India’s largest private sector bank ICICI Bank has successfully deployed ‘Software Robotics’ for power banking operations. With this, it becomes first bank in the country and among few globally to deploy ‘Software Robotics’. 

ICICI Bank has deployed Software Robotics to over 200 business processes across various functions. The 200 business processes include retail banking operations, agri-business, trade & foreign exchange, treasury and human resources management, among others

In banking, software robotics emulates human actions to automate and perform repetitive, high volume and time consuming business tasks cutting across multiple applications. It leverages recent advancements in artificial intelligence such as facial and voice recognition, machine learning, natural language processing, and bots among others. 

The software robots can perform over 10 lakh (1 million) banking transactions every working day. 

The software robots at ICICI Bank are configured to capture and interpret information from systems, recognize patterns and run business processes across multiple applications. Besides, it can execute activities including data entry and validation, automated formatting, workflow acceleration, multi-format message creation, text mining, reconciliations and currency exchange rate processing among others.


March 2017 Current affairs
23 MAR
NEWS
22 MAR
NEWS
21 MAR
NEWS
20 MAR
NEWS
18 MAR
NEWS
17 MAR
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February 2017 Current affairs
28 FEB
NEWS
27 FEB
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25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
NEWS
27 DEC
NEWS
26 DEC
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November 2016 Current affairs
30 NOV
NEWS
29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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