Insights from The Lab

Lean Financial Services

Category : Lean Financial Services


Lean Six Sigma Projects for Finance and Accounting Transformation: Examples of Top Financial Services Operations

Our previous article in this series shone a spotlight on the lean six sigma finance transformation challenges in the fiercely competitive world of retail operations. This article zeroes in on an equally high-pressure environment: Retail investment management. The Lab has extensive experience in this realm, helping firms from regional players to top-five global powerhouses. The …

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Cross Selling in Banks with Implementation of a Relationship Banker Strategy

Cost Cutting Strategies

A Relationship Banker (sometimes called a “Universal Banker”) wears many hats: Teller, Loan Salesperson, Customer Service Rep. He or she is the front-line person who brings more of the bank to the customer—and more profits by cross selling in the bank than a single-skilled teller. That’s why the Relationship Banking strategy is important and such …

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Lean for Financial Services: An Enterprise-Wide Consumer Lending Transformation

Lean for financial services

This financial services case study tells the story of a leading loan originator and servicer of student loans in the U.S. In this instance, their mandate to transform the entire enterprise to lean operations did not come from the board room. It came from Congress.

It needed to make major lean transformation commitments. And it needed to accomplish them in just 12 months. Cue The Lab Consulting

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Five Essential Process Improvement Ideas in Banking

Process Improvement Ideas in Banking

This article is about making essential process improvements throughout a bank’s marketing services operation. It’s full of valuable takeaways, so let’s dive in.

This is the story of a huge (80,000 employees serving 25 million customers) Canada-based bank. Their marketing arm, serving both the U.S. and Canada, was struggling to increase both its productivity and agility. Thus their wish-list, when they reached out to The Lab, was extensive. Fortunately, The Lab was equal to the task.

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