Save 2,000 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 are suffering, …
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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 …
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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 …
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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 …
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