Only 3 in 10 financial services use robotics: Blue Prism | Asian Business Review
, Singapore
338 views

Only 3 in 10 financial services use robotics: Blue Prism

Security and data privacy concerns affect RPA adoption.

There are a lot of unexplored opportunities for robotic process automation (RPA) in Singapore, Blue Prism, an intelligent automation company, revealed in its RPA in the APAC Financial Services Sector survey.

Only three in 10 (28%) of Singaporean financial services have used RPA solutions and technologies, against the Asia Pacific (APAC) average of 53%. Moreover, only 34% of business leaders indicated they were familiar with RPA, compared to the 71% regional average.

The top two challenges listed by respondents in implementing or deploying RPA programmes were security and data privacy concerns and identifying the right processes.

APAC Vice President of Financial Services Robert Dewar noted, "This report revealed the opportunity to further understand and encourage the adoption of RPA and Intelligent Automation solutions in Singapore's financial services sector. RPA implementation improves competitiveness for businesses as it drives business agility and resilience. Businesses must first understand this principle then put it into action. At Blue Prism, we are committed to partnering and supporting companies by providing enterprise-grade technology that augments workforce capabilities and enables companies to increase their productivity and efficiency."

Singapore also has the highest percentage of financial institutions that do not use any of the five disruptive technologies (artificial intelligence, business process management, machine learning, deep learning and predictive analytics) at 19% despite the country's investments and acceleration of digitalisation in the financial services sector.

Follow the link for more news on

Rumah Sakit Kanker Dharmais memimpin inovasi pelayanan kanker di Indonesia

Direktur Utama RS Kanker Dharmais Soeko Werdi Nindito Daroekoesoemo mengungkapkan teknologi canggih dan tujuh program unggulan untuk perawatan kanker.

BRI Life mengandalkan kanal bancassurance di tengah permintaan asuransi yang meningkat

Hingga November 2023, kanal bancassurance berkontribusi sebesar 81% dari total pendapatan premi BRI Life.

Allianz Syariah menawarkan asuransi Syariah untuk seluruh masyarakat Indonesia

Tingkat literasi dan inklusi keuangan syariah yang masih rendah mendorong perusahaan menerapkan langkah jangka pendek dan panjang.

Aplikasi blu oleh Group BCA memperluas ekosistem digital melalui BaaS

Strategi tersebut telah berhasil meningkatkan transaksi dan membangun kepercayaan nasabah sebesar 53,4% sepanjang 2023.

Titan-titan asuransi dan perbankan Asia berjanji untuk mengambil tindakan terhadap perubahan iklim

Pemimpin-pemimpin asuransi dan perbankan bergabung untuk mengatasi perubahan iklim, dengan menekankan perlunya investasi berkelanjutan dan strategi transisi yang inklusif.

RUU data kesehatan Singapura mewajibkan pengaturan pemberian informasi

Untuk memastikan pengungkapan dan pemberian data, Kementerian Kesehatan dapat memberlakukan denda hingga $1 juta atas ketidakpatuhan.

Asuransi melonjak berkat lonjakan wisatawan Hong Kong

CEO Jim Qin dari Zurich Insurance menyatakan tren liburan yang panjang pada warga Hong Kong di 2023, meningkatkan penjualan asuransi perjalanan.

Bank Tabungan Negara (BTN) bertekad meningkatkan pinjaman kepemilikan rumah syariah

Hingga November 2023, aset BTN Syariah telah mencapai Rp49 triliun.