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Bank automation refers to the use of technology and software to automate various processes within a bank, such as account management, loan processing, and customer service. The goal of bank automation is to improve efficiency, reduce costs, and enhance the customer experience.

Some examples of bank automation include:

Automated teller machines (ATMs) for cash withdrawals, deposits, and account management.

Online banking systems that allow customers to manage their accounts, transfer funds, and pay bills through a secure website or mobile app.

Loan origination systems that automate the loan application and approval process.

Chatbots and virtual assistants that provide 24/7 customer service through text or voice interaction.

Bank automation has had a significant impact on the banking industry and has helped banks to better serve their customers, reduce operational costs, and increase profitability. However, it has also led to some job losses in certain areas of the industry, such as tellers and customer service representatives.

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