Page 8 - RMAI Bulletin July 2024

RMAI BULLETIN JULY 2024

stringent, promoting trust and confidence in robotic in robust cybersecurity measures, addressing
systems. workforce concerns, and collaborating with regulators
and fintech firms, banks can ensure a smooth and
Conclusion successful transition to a more automated and efficient

Robotics is undeniably transforming the face of Indian future. The continued evolution of robotics in banking
banking, offering numerous benefits such as enhanced promises a landscape where technology and human
operational efficiency, cost savings, improved accuracy, expertise work together to deliver unparalleled value
and superior customer experiences. However, this to customers and stakeholders.
transformation is accompanied by significant risks,
including cybersecurity threats, implementation About the Author
challenges, workforce displacement, regulatory Mr. Rajat Mehrotra, Financial and Tax Advisor and
concerns, and technology dependence.
Stock Market Expert and is currently associated
with the Department of Management - BITS Pilani
Indian banks must navigate these challenges carefully as a Research Scholar.
to harness the full potential of robotics. By investing

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