In a rapidly digitizing world, Robotic Process Automation (RPA) has emerged as a transformative force, particularly within banking and financial services. This chapter explores how RPA streamlines repetitive processes, reduces operational costs by 30%–70%, and enhances both efficiency and accuracy by minimizing human intervention. Financial institutions increasingly rely on automation for tasks such as loan processing, compliance, fraud detection, and customer data management. By leveraging data from multiple service channels, RPA aids in fraud prevention through automated threat detection, anomaly identification, and real-time monitoring. The chapter also delves into use cases in accounting and finance, showcasing tangible organizational benefits from RPA adoption.

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Automating Finance: The Role of Robotic Process Automation

  • Deepika Dhingra,
  • Jaskiran Arora

摘要

In a rapidly digitizing world, Robotic Process Automation (RPA) has emerged as a transformative force, particularly within banking and financial services. This chapter explores how RPA streamlines repetitive processes, reduces operational costs by 30%–70%, and enhances both efficiency and accuracy by minimizing human intervention. Financial institutions increasingly rely on automation for tasks such as loan processing, compliance, fraud detection, and customer data management. By leveraging data from multiple service channels, RPA aids in fraud prevention through automated threat detection, anomaly identification, and real-time monitoring. The chapter also delves into use cases in accounting and finance, showcasing tangible organizational benefits from RPA adoption.