Insights from The Lab

RPA in Banking

Category: RPA in Banking


“We Love Our Banking Bot!” How RPA from The Lab Can Improve Employee Experience

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 knowledge workers 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

How to implement RPA to automate Regulation D violation letters (and other FIS/Fiserv/Jack Henry core transactions) in banks in just 3 weeks

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 in Financial Services – an overview, examples, and how to implement RPA

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 More

Examples of RPA in Banking Operations—Robotic Process Automation Implementation in Commercial Lending

Robotic process automation or RPA is a powerful tool that can be used as part of the commercial banking toolbox to streamline and automate a number of routine, manual banking processes, or sub-processes. In fact, it can reduce new account opening time by 30 percent and cut error rates to zero. Did you know that …

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.