Future Finance

Japan's Beleaguered Banks Tap Robotics Firm to Automate Jobs

  • UiPath aims to double Japanese clients to 2,000 this year
  • Robotic process automation takes over routine clerical work
Koichi Hasegawa with company employees in Tokyo.Photographer: Takako Taniguchi/Bloomberg
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As Japanese banks cut thousands of positions to streamline their operations and cope with negative interest rates, some are turning to a U.S. startup for help.

UiPath is implementing its automation technology at the nation’s biggest banks, and a growing number of regional lenders are tapping the firm, Japan head Koichi Hasegawa said in an interview.