Insights from The Lab

Robotics in Banking

Category: Robotics in Banking


Examples of RPA in Banking Operations—Robotic Process Automation Implementation in Commercial Lending

Robotic process automation or RPA is a powerful tool that can be used as part of the commercial banking toolbox to streamline and automate a number of routine, manual banking processes, or sub-processes. In fact, it can reduce new account opening time by 30 percent and cut error rates to zero. Did you know that …

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Robotics in banking

Robotics in Banking with 4 RPA Use Case Examples

Robotic process automation (also known as RPA) refers to the use of software robots (or similar virtual assistants) which are programmed to complete repetitive and labor-intensive tasks. This makes them ideal for numerous applications in banking. “RPA-friendly” tasks include sending emails, opening applications, and copying and pasting information from one banking system to another. Implemented …

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