Insights from The Lab

Robotic Process Automation

Category: Robotic Process Automation

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 …

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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 …

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Automate insurance policy-renewal and lapse-notification processing

Implement insurance bots to prevent lapses and increase policy renewals—sending thousands of letters a day! Notifying your policyholders that their policies are due for renewal is a massive challenge for your insurance brokerage. This isn’t a one-time thing. It’s an everyday, tons-of-manual-effort thing. It’s essential for maintaining recurring revenue—and keeping your policyholders covered. The reason …

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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 .   …

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