Financial institutions face rising complexity from regulations, legacy systems, and fraud risks, slowing onboarding and increasing costs. Intelligent process automation (IPA) powered by AI and machine learning streamlines document intake, unifies KYC/AML processes, and reduces compliance burdens. ABBYY highlights key objectives: cost-efficient compliance, reduced friction, stronger customer relationships, agility, and fraud mitigation. Success requires automating repetitive tasks, gaining process insights, optimizing channels, and enabling continuous improvement. With predictive monitoring and analytics, IPA drives efficiency, safeguards trust, and builds long-term competitiveness in financial services.

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