Insights from The Lab

Banking

Category: Banking


The Banking Basis-Point Bot

Maybe you use basic Excel spreadsheets. Or an expensive, third-party platform. Maybe you’ve even tried to use the “intelligent pricing” feature in your existing loan origination system (LOS)… good luck with that! Be honest: Do current pricing methods convince you that commercial loans capture every possible basis point of margin? How about the overall portfolio …

Read More
0 Comments

Automatic Processing of Fraud-Detected Deposits for Banks

Save 4,400 hours of intense manual labor, with RPA banking bots It happens every day—in fact, at the bank in this story, it happens 50 times a day. We’re talking about processing customer deposits that need to be either denied or have their holds extended, since they get flagged by your bank’s fraud-detection software. This …

Read More

The Top 5 Robotic Process Automation Implementation Critical Roadblocks to Avoid

1. Information security (IS) blocks, delays the start of RPA development Excessive IS “over-caution” delays RPA development and launch—often by months. The IS reasoning is rarely disclosed, but The Lab suspects it may result from a lack of understanding by the IS organization of how RPA works at a detailed level. RPA bots simply automate …

Read More

Automate Banking Consumer Loans Input Quality-Control

Eliminate this tedious, error-prone chore forever 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 quality-control, or QC, reviews on consumer …

Read More

Improvements from Start-to-Finish

Since opening its doors in 1993, The Lab has helped some of the best companies in the world become even better.