Robotic Process Automation is Not Being Adopted by Banks

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.

Todd is the Chief Product Officer of LendIt Fintech.

He is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists.

He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences.

He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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