Can the industry change enough to take advantage of it?
The use of robotic process automation (RPA) has many advantages over the traditional workflow in the fintech industry. However, there are challenges in the implementation of truly integrated systems that could bring business to the next level. Even so, Marius Galdikas, CEO at ConnectPay, believes that the industry will implement the necessary changes to take full advantage of the coming automation revolution.
RPA is the use of software to automate repetitive and rule-based tasks using cross-application programs, also called robots. It is used for more than cost savings, as there are several types of tasks in which robots outperform humans — properly programmed robots don’t get tired or make mistakes. That is why robots are particularly useful in highly diligent and time-critical tasks.