Use Cases of RPA in the Banking Industry

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The adoption of Robotic Process Automation (RPA) is growing rapidly. According to a recent report published by Fortune Business Insights, the global robotic process automation market size is projected to reach USD 6.81 billion by the end of 2026. Leading analysts also estimate a dramatic increase in the market size of RPA technology.

As per Gartner, the market size for RPA solutions is estimated to reach $2.4 billion by the year 2022.

As per Forrester’s RPA trends and forecasts, the market for robots in knowledge-work processes will reach $2.9 billion by 2021.

Today, RPA has become an essential tool for most businesses, including banks. The banking industry is witnessing rapid turbulence caused by the global pandemic and economic instability. Amidst the COVID-19 situation, banks are looking for all the possible ways to cut costs and drive revenue growth. RPA in the banking industry is proving to be a key enabler of digital transformation.

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