Automating Finance: The Role of Robotic Process Automation

Deepika Dhingra () and Jaskiran Arora ()
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Deepika Dhingra: BML Munjal University, School of Management
Jaskiran Arora: BML Munjal University, Education Quality

A chapter in Business and Management in Asia: Opportunities and Entrepreneurship, 2026, pp 243-259 from Springer

Abstract: Abstract 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.

Keywords: Robotic Process Automation; Fintech; Fraud Detection; Digital Transformation; Entrepreneurial Opportunities (search for similar items in EconPapers)
Date: 2026
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-95-4909-2_14

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DOI: 10.1007/978-981-95-4909-2_14

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