Robotic Process Automation in Finance
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Robotic Process Automation in Finance. AI Ethics And Application.
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Introduction. Robotic Process Automation (RPA) is a business process automation technology that uses software robots to automate tasks performed by humans. Automating finance processes requires combining finance robotics with other intelligent automation technologies. Drive scalability, reusability, low maintenance and security..
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Implementation Of RPA In Finance Industry. 3. Source from IBM.
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Algorithm. 4. Source from IBM. Graphical user interface Description automatically generated.
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RPA Process. 5. Diagram Description automatically generated.
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Advantages. 6. Diagram Description automatically generated.
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Challenges. 7.
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Ethical Concerns. Data and Algorithmic Biases Responsibility, Liability and Accountability Transparency Systemic Risks and Financial Accident.
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Recommendations. Defining and adopting common data standards increasing consistency in designing and delivering collections for value, reuse and efficiency Tools and strategies should be updated Human in loop to control the decision making Human well-being should be considered for success.
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Thank You. Onikepo Amodu B1319877 @live.tees.ac.uk.