Integrating Robotic Process Automation (RPA) with AI and ML for Efficient Banking Operations

Integrating robotic method automation (RPA) with artificial intelligence (AI) and device getting to know (ML) has revolutionized the banking enterprise, permitting extra green and correct operations. RPA technology automates repetitive responsibilities, even as $\mathbf{A I}$ algorithms offer sensible selection-making competencies, and ML algorithms constantly learn and enhance from statistics. Collectively, they create a powerful synergy that improves client reports, reduces fees, and streamlines techniques. RPA can deal with high-quantity, rule-based duties, which include statistics entry and report processing, liberating human employees to focus on greater complicated and price-added sports. AI and ML can analyze significant amounts of information and offer valuable insights for fraud detection, danger evaluation, and customized guidelines for clients. This integration saves time, reduces blunders charges, and allows for better resource allocation, in the end leading to improved performance and cost-effectiveness in banking operations.

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Published
2024-11-28
DOI
https://doi.org/10.1109/icaiccit64383.2024.10912392
Citations
1
Primary Topic
Robotic Process Automation Applications
Type
article
Field-Weighted Citation Impact
0.35
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Integrating Robotic Process Automation (RPA) with AI and ML for Efficient Banking Operations

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article

Integrating Robotic Process Automation (RPA) with AI and ML for Efficient Banking Operations

Nasmin Jiwani, Abubakar Mohammed, Janamolla Kavitha Reddy, Waheeduddin Khadri Syed, Suganyadevi
article en
1 citations

Abstract

Integrating robotic method automation (RPA) with artificial intelligence (AI) and device getting to know (ML) has revolutionized the banking enterprise, permitting extra green and correct operations. RPA technology automates repetitive responsibilities, even as $\mathbf{A I}$ algorithms offer sensible selection-making competencies, and ML algorithms constantly learn and enhance from statistics. Collectively, they create a powerful synergy that improves client reports, reduces fees, and streamlines techniques. RPA can deal with high-quantity, rule-based duties, which include statistics entry and report processing, liberating human employees to focus on greater complicated and price-added sports. AI and ML can analyze significant amounts of information and offer valuable insights for fraud detection, danger evaluation, and customized guidelines for clients. This integration saves time, reduces blunders charges, and allows for better resource allocation, in the end leading to improved performance and cost-effectiveness in banking operations.

University of the Cumberlands (US), Sri Eshwar College of Engineering
Decent work and economic growth
Openalex Percentile: Top 30%
Robotic Process Automation Applications
0.35
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