Industry News

WorkFusion, VirtusaPolaris join hands to provide automation solution to Banking and Financial Services Sector

United States: WorkFusion, an automation solution provider and VirtusaPolaris, an IT consulting and technology company entered into a partnership to provide automation solution to Banking and Financial Services sector.

The solutions provided to the Banking and Financial Service organizations to reduce operational cost, improving quality, productivity, and agility.

According to the VirtusaPolaris, Global Solutions Head, Banking and Financial Services, Bob Graham, most of the BFSI organizations have the legacy systems which are not up to the mark with changing business needs and have many gaps. Due to these gaps, organizations have deployed large operational workforce to handle these gaps.

The WorkFusion solution capabilities -robotic process automation, workforce orchestration, and cognitive automation. The software provided by the company improve the efficiency of the process from account payable, claims processing and Know your customer to invoice processing.

Through its Automation Center of Excellence, VirtusaPolaris supports deployment domain specific Workfusion solutions to the clients.

According to the COO of Workfusion, Alex Lyashok, organizations are realizing the combined value of robotic and cognitive automation in Backend & middle office work, and shared services. The partnership with VirtusaPolaris would help the clients with in-depth expertise in processes along with the excellent automation technology.

TechSci Research, a market research and consulting firm, depicts that the increasing use of technology in various sector such as BFSI would enhance the client satisfaction along with the reduction in cost and workforce optimization.

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