RPA and Regulatory Compliance in Financial Institutions: Achieving Operational Efficiency while Ensuring Accountability

Abstract

The integration of Robotic Process Automation (RPA) in financial institutions has revolutionized operational processes, offering unprecedented efficiency gains. However, alongside these benefits, the complex regulatory landscape governing the financial sector necessitates stringent adherence to compliance standards. This research paper examines the intersection of RPA implementation and regulatory compliance within financial institutions. By analyzing case studies and regulatory frameworks, this paper explores strategies for leveraging RPA to enhance operational efficiency while concurrently meeting regulatory requirements. It also discusses the challenges and opportunities associated with RPA adoption in the context of regulatory compliance.