Insights from The Lab

Credit Union Execs: Offload indirect loan processing to bots

Save 500 to 7,000 hours/year processing indirect loans Automation for indirect loans is defined as using modern digital technology, such as robotic process automation (RPA) and/or artificial intelligence (AI) to process inbound loan applications to a credit union from non-credit union members—typically those at a car dealership who need financing for their vehicle purchases. At …

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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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The Banking Basis-Point Bot

Maybe you use basic Excel spreadsheets. Or an expensive, third-party platform. Maybe you’ve even tried to use the “intelligent pricing” feature in your existing loan origination system (LOS)… good luck with that! Be honest: Do current pricing methods convince you that commercial loans capture every possible basis point of margin? How about the overall portfolio …

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Improvements from Start-to-Finish

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