AI Case Study

Barclays automates processing and reduces bad debt provisioning by millions using Robotic Provision Automation

Barclays implemented RPA across a wide range of processes including accounts receivables, fraudulent account closure, loan application opening, 'right of setoff', etc automating documentation process.

Industry

Financial Services

Banking

Project Overview

"Barclays Bank, has implemented RPA across various processes which include but are not limited to – fraud detection, risk monitoring, account receivables processing, and loan application. With the implementation of RPA enhancing productivity, Barclays was able to save over £175 million annually in bad debt provisioning."

Reported Results

The company claims:

* Barclays saved around 120 FTEs
* Reduce bad debt provision by £175 million per annum.

Technology

Function

Information Technology

Knowledge Management

Background

Benefits

Data