“The first step to adopting automation within a financial institution is to create winning partnerships,” says Sriniketh Chakravarthi.

Excerpts from BankNews’ article:

“To help jumpstart a financial institution’s automation effort, Chakravarthi suggests three steps to move forward with automation efforts past the proof-of-concept stage:

1. Create winning partnerships. Secure support for automation from both executive and operational leadership, making it possible to identify top candidates for automation, create an organizational change management plan and scale the technologies across the enterprise.
2. Think big, scale fast. To get the most from automation, FIs need to look beyond proof-of-concept tactics and identify specific opportunities in line with larger business goals.
3. Chart the part forward. Using the knowledge gained from the previous step, draw up a blueprint portraying what day-to-day operations will look like automation is in place and the process transformation is complete.”

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