Insights from The Lab

Banking Operations Process Improvement

Category: Banking Operations Process Improvement


Banking Robotic Process Automation for Exception Tracking and Clearing for Consumer and Commercial Loans

Save 1,000 to 4,000 hours of manual labor, year after year, with RPA banking bots Loans require supporting paperwork from the borrower; it’s a fact of life in banking.   And for every form that needs to be attached to a loan—and then updated, and then checked—there are people in your bank’s Loan Operations team who …

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Automate Banking Consumer Loans Input Quality-Control

Eliminate this tedious, error-prone chore forever and save 250 to 1,200 hours with RPA bots  Consumer loans are the lifeblood of your bank. But making sure they’re properly processed and checked for quality-control is a ton of work. It invites errors. Your employees wonder why they even have to perform the painful chore of doing …

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Banking Digitization: If a banking core provider tries to sell you a “fix,” that’s an admission of guilt.

The Lab has helped to automate countless work activities, for scores of processes, at tons of banks worldwide. So we have really deep domain expertise when it comes to both robotic process automation (RPA), and the core systems that need automating. We need to be delicate here. This article is an anonymized mashup of different …

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RPA to the Rescue in Banking: Automating ACH Stop Payments in 3 Weeks

Speed operations, eliminate drudge work and errors, and save 500 to 7,000 hours in your bank or credit union with robotic process automation Stop-payments are a common transaction between all banks. Despite the “automated” part of Automated Clearing House (ACH), these are processed manually by banks every day, totaling thousands in a short time. In …

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Improvements from Start-to-Finish

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