Insights from The Lab

Cost Cutting in Banking

Category: Cost Cutting in Banking


Cut Banking Costs Now: Lending Operations Improvement in 2020

“Big Rock” 2 of 3: Crush Lending Costs and Multiply Productivity A guide for uncovering the trickiest—yet most powerful—cost savings: How to supercharge your bank’s revenue engine Ask any banking executive to “cut costs in their lending operation” and they’ll look at you like you’re insane. That’s the revenue engine! You should never, ever make …

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Cut Banking Costs Now: COVID-19 New Normal Edition “Big Rock” 1 of 3: The retail branch network

Cut Banking Costs Now: COVID-19 “New Normal” Edition “Big Rock” 1 of 3: The retail branch network A guide for addressing the “perfect storm” of adverse market conditions confronting banks now—and preparing for a forever-changed, volatile future. The banking industry is reeling amid an onslaught of unprecedented challenges, with the coronavirus pandemic the final gut-punch …

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Lean principles in insurance and banking

Lean Principles in Banking – Commercial Lending Operations Transformation in 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. The newest 2020 retail bank cost cutting post, methodology, and case study can be found here: Cut Banking Costs Now: Achieve “The New Normal” for Productivity “Big Rock” 1 …

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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.