Robotic process automation (RPA) for financial services institutions

Robotic process automation (RPA) applies specialized software to execute repetitive and structured activities previously performed by human operators. RPA typically replaces tasks such as field entry, copy/paste, mouse clicks, screen navigation, web services and database access, or log in/out tasks—time-consuming but low-value activities. Moreover, the robots can perform these designated tasks 24 hours per day, 7 days per week without human intervention.