Insights from The Lab

RPA in Banking Industry

Category: RPA in Banking Industry


Banking Robotic Process Automation for Exception Tracking and Clearing for Consumer and Commercial Loans

Save 1,000 to 4,000 hours of manual labor, year after year, with RPA banking bots Loans require supporting paperwork from the borrower; it’s a fact of life in banking.   And for every form that needs to be attached to a loan—and then updated, and then checked—there are people in your bank’s Loan Operations team who …

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Automate Banking Consumer Loans Input Quality-Control

Eliminate this tedious, error-prone chore forever and save 250 to 1,200 hours with RPA bots  Consumer loans are the lifeblood of your bank. But making sure they’re properly processed and checked for quality-control is a ton of work. It invites errors. Your employees wonder why they even have to perform the painful chore of doing …

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Banking Digitization: If a banking core provider tries to sell you a “fix,” that’s an admission of guilt.

The Lab has helped to automate countless work activities, for scores of processes, at tons of banks worldwide. So we have really deep domain expertise when it comes to both robotic process automation (RPA), and the core systems that need automating. We need to be delicate here. This article is an anonymized mashup of different …

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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 …

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Improvements from Start-to-Finish

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