How Is IPA Transforming Banking?

“In a nutshell, IPA is a combination of RPA and AI. Although a considerable number of financial tasks is highly-repetitive, banks are now augmenting both robots and human workers with AI to widen the scope of tasks that can be automated, driving significantly more value.
Although IPA can be considered as an extended version of RPA, its impact on organizational workflows is a hundred times more significant. In most cases, financial organizations will need to reorganize their teams, retrain or upskill the workforce, and address data governance issues to be able to maintain IPA.”

Yaroslav Kuflinski