Speed operations, eliminate drudge work and errors, and save 500 to 7,000 hours in your bank or credit union with robotic process automation Stop-payments are a common transaction between all banks. Despite the “automated” part of Automated Clearing House (ACH), these are processed manually by banks every day, totaling thousands in a short time. In …
Read More
Just because “experts” say it, doesn’t mean it’s true. If you watch the news—or read some stuffy white paper—you’d think that today’s bank staff are terrified of robotic process automation, or RPA. You’d think they’re fearing for their jobs. Their dignity. Their lives. Nothing could be further from the truth. How do we know? We’ve …
Read More
If you work in banking, you’re familiar with the Federal Reserve’s Regulation D: It sets requirements for banks’ cash reserves. Part of that requirement governs how many withdrawals a bank’s customers can make from their savings accounts in any given month. It’s a regulation that many bank customers are unaware of, and so they often …
Read More
Robotic process automation (RPA) is changing the way financial services operations are carried out on a daily basis. RPA solution providers are working with banks, investment management firms, and insurance companies to make the process of reducing large scale data transcribing work easier. Not only are robots being installed in back office operations of financial …
Read MoreSince opening its doors in 1993, The Lab has helped some of the best companies in the world become even better.
