Robotic process automation in the banking sector involves using advanced RPA tools to automate numerous repetitive and mundane tasks. According to McKinsey, 43% of banking processes can be automated. RPA helps to increase productivity, reduce the number of human errors, and enable employees to focus on customer interactions. As a result, RPA can exponentially increase operational efficiency and become a first step toward digital transformation in banking. Everest Group revealed that 50% of surveyed financial enterprises got more than $1m in cost savings from automation.