More than 60 percent of community banks are not even considering using robotic process automation (RPA) according to a new study by Cornerstone Advisors; the technology is easier to implement than most AI based technologies and can save banks money in a quick time frame; most banks who have started to use the tech are only taking slow steps and it is rare to see a bank that uses RPA at scale; Seacoast Bank in Florida uses the technology for merger integrations and international operations, taking advantage of RPA has allowed them to keep costs flat over the last two years. Source.
