Insights from The Lab

Credit Union Bots

Category: Credit Union Bots


How to Automate Reconciliations in the Credit Union Industry with Robotic Process Automation

Most workers in the business world believe that reconciliations are a routine task that only accountants deal with as part of their jobs. However, in the credit union industry, whether a mega-credit union with $750B in assets, a super-regional with $25B to $250B, or even a local community credit union with assets from $750M to …

Read More

Credit union automation for credit-card balances reconciliation

Credit union execs: Save 520 to 1,000+ hours per year, while freeing staffers for work they prefer Your credit union’s members have credit cards. They make payments. Those payments need to be reflected in all your systems. Sounds simple enough, right? You’re already shaking your head, aren’t you? That’s because you know that the different …

Read More

Credit Union Automation for Processing New-Account Applications from Fintech Platforms

REGIONAL CREDIT UNION SAVES 1,000-PLUS HOURS PER YEAR WITH RPA CREDIT UNION BOTS For credit unions, fintech platforms aren’t all they’re cracked up to be. There are tons of them out there, all purporting to solve a ton of problems digitally. But they don’t live up to the hype. Not if you’re working in your …

Read More

Credit Union execs: Implement robotic process automation to automate compilation of deposit data to create Currency Transaction Reports

Let bots find the aggregate-total suspicious cash deposits that trigger mandated government reporting The U.S. Bank Secrecy Act, enacted by Congress in 1970, and updated as part of the Patriot Act in the wake of 9/11, requires that your credit union report suspicious activity to the U.S. Treasury’s Financial Crimes Enforcement Network, or .   …

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.