Singapore, 30th September, 2019: Aspire Systems, a global end to end technology partner for banks, together with IBS Intelligence release an exclusive report on Cognitive Automation: The Convergence of AI and RPA in Banking has been fast evolving as all financial institutions have begun leveraging new technologies such as artificial intelligence (AI), machine learning (ML), deep learning and natural language processing (NLP).

The new report reveals that bank executives are very keen on automation, and 95% of them are looking to embark or planning an automation strategy. IBS Intelligence, commented, “Cognitive Automation is the way forward. Automation augmented with Artificial Intelligence is going to drive the value proposition for banks in the future. This new report with Aspire Systems reveals just that.”

Suresh Ranganathan, Head, Banking & Financial Services, Aspire Systems further commented, “Banks are under continuous pressure to reduce churn, reduce costs & errors, manage the ever increasing amount of data , improve customer service and scale operations efficiently. In this scenario, Cognitive automation can be a critical ally in maintaining an edge of competition and to stay relevant in the years to come.”

All processes within financial institutions, right from customer experience (CX), fraud mitigation, digital transformation initiatives, loan processing, wealth advisory would be benefited by the adoption of Cognitive Automation.

The exclusive research paper on Cognitive Automation is now available. Click here to download.

About Aspire Systems

Aspire Systems works with some of the world’s most innovative banking enterprises and fintechs, helping them leverage technology in Aspire’s specific areas of expertise. Aspire System’s services include Digital Experience Solutions, Product Engineering, Enterprise Solutions, Independent Testing Services and IT Infrastructure & Application Support Services. The company currently has over 2,500 employees, over 150 customers globally and is CMMI Level 3 certified. The company has a growing presence in the US, UK, India, Middle East, Asia-Pacific and Europe. Aspire Systems is a proud winner of the Temenos’ Regional Partner of the Year award for 2018. For the ninth time in a row, Aspire has been selected as ‘Best Companies to Work For’ by the Great Place to Work® Institute.

About IBS Intelligence

Established in 1991, IBS Intelligence (www.ibsintelligence.com) is the definitive source of independent analysis and research for global FinTech markets. This research is driven by their independence, knowledge and expertise aggregated over 27 years. IBS Intelligence has been selected by Thomson Reuters, Capital IQ and Bloomberg, the world’s leading research platforms – an endorsement of quality and depth of research.