Insights from The Lab

Cost Cutting Ideas for Banks

Category: Cost Cutting Ideas for Banks

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
0 Comments

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 …

Read More
By The Lab Consulting Automate Bank Back Office Operations Banking Banking Operations Process Improvement Banking Standardization Banking Transformation Business Intelligence in Banking Cost Cutting Ideas for Banks Cost Reduction Knowledge Work Industrialization Lean Banking Lean Financial Services May 8, 2017
0 Comments

How to Reduce Operating Expenses in Banks by Standardizing Common Processes

It’s commonly believed that digital banking technology will automatically reduce expenses in front- and back-office operations. But it doesn’t. In this article, we’re going to show how cost reduction in banking first requires that underlying processes are examined—and streamlined. Banking operating expenses and cost cutting: A lesson from the past You probably never heard of …

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.

About The Lab