{"id":1800,"date":"2019-09-06T07:21:49","date_gmt":"2019-09-06T07:21:49","guid":{"rendered":"http:\/\/svam.reinventmedia.in\/?p=1800"},"modified":"2023-12-06T12:27:28","modified_gmt":"2023-12-06T12:27:28","slug":"who-minds-the-robots-financial-services-and-the-need-to-control-rpa-risks","status":"publish","type":"post","link":"https:\/\/svam.com\/blogs\/who-minds-the-robots-financial-services-and-the-need-to-control-rpa-risks\/","title":{"rendered":"WHO MINDS THE ROBOTS? FINANCIAL SERVICES AND THE NEED TO CONTROL RPA RISKS"},"content":{"rendered":"With robotic process automation (RPA) becoming a prominent topic of discussion, financial institutions are thinking of ways to integrate digital labor into operations. While swift results can be enticing, firms should identify relevant risks and ask the right questions before diving into implementation. By doing the initial legwork, firms can position themselves for success. Streamlined processes and effective controls can help pinpoint issues early and ensure a positive return on investment.\r\n\r\nDon\u2019t wait for it to break<\/strong>\r\n\r\nImplementing new technology is often a long and tedious process. This is why it\u2019s so important to get all the steps right. RPA requires a structured controls approach to effectively address new issues that a financial institution may not have encountered before. Honing your focus on relevant risks and asking the right questions will ensure a successful RPA investment.\r\n\r\nRisks to keep on the radar<\/strong>\r\n\r\nThe following five areas of risks are important to address:\r\n