Insights from The Lab

Cost Containment Strategies in Banking

Category: Cost Containment Strategies in Banking

By The Lab Consulting Automate Bank Back Office Operations Automate Paycheck Protection Program Loans Banking Cost Containment Strategies in Banking Cost Cutting Ideas for Banks Robotic Process Automation Robotic Process Automation in Banking Robotic Process Automation in Financial Services Robotics in Banking RPA Banking Use Cases RPA Case Study RPA in Banking RPA in Banking Industry RPA Use Cases October 28, 2020
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How to survive the banking core-system-provider limitation blues – without changing your core (again)

Finally—a way to liberate your bank from “core” competitive restraints with digital transformation bots A recent survey of community-bank CEOs asked them to choose the biggest threat to their growth prospects. Can you guess what it was? Think it was competition from other banks? Nope. Think it was competition from non-bank companies? Nope. Think it …

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By The Lab Consulting Banking Banking Transformation Cost Containment Strategies in Banking Cost Cutting in Banking Lean Banking Lean Transformation August 16, 2017
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Lean Principles in Banking – Commercial Lending Operations Transformation Without New Technology

This case study of a recent lean initiative implemented by The Lab Consulting concerns the commercial and small-business lending businesses of a Top 5 Canadian bank. When their Executive Vice President of Commercial Banking—our sponsor—reached out to us, the bank’s market share for commercial lending had been shrinking for 16 consecutive quarters. Certainly, competition had …

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