INDUSTRIES ABOUT INSIGHTS CONTACT Banking All you need to know about standardization, automation, and digitization for the banking industry! Have a look at these interesting blog posts, all collected in one spot for your convenience. This industry specific information can be found nowhere else because we’re banking experts! Find out how to strategically lower costs, increase operating leverage, improve customer experience, and automate what previously wasn’t automatable in your bank. The Lab is your strategic implementation partner for your endeavor to automate and digitize your operations. Find out how we can do this in weeks rather than months, because The Lab is North America's leading standardization, RPA, and predictive analytics implementation firm! Regardless of your core system, you can now “park bots” on this tedious, time-sucking daily chore For every bank with an ATM network—and that’s all of them—there’s the daily chore of reconciling the transactions across its constellation of automated teller machines. You—or, more specifically, lots of smart people in your back office or Deposit Ops—need to reconcile lots... Free your staff from the error-prone drudgery of monitoring data, risk alerts, and more. Two acts of Congress provided lots of safeguards for consumers... while adding a ton of regulatory pressure on banks and their staffs. These... Eliminate errors—and risk exposure—with RPA bots! Sarbanes-Oxley, or SOX, compliance, is a risk-management and information-security nightmare for any bank. Among its many mandates is the requirement for “system-identity... Automate this tedious chore for outbound domestic wires and ACH Your bank’s customers never appreciate all the work that goes on, behind the scenes, whenever they submit a request to wire money to another party in the U.S. But... More available factories: Lending Fulfillment Factory – Shows how to “industrialize” critical loan fulfillment tasks—with your current technology—to: Close more loans – faster & with fewer post-close corrections Upgrade servicing & customer experience Boost operating leverage & profitability Lending Sales Factory – Explains how to rapidly... Given the latest trends—and the seismic shifts—in the banking industry, there’s never been a better time for leaders to take a good hard look at the three “big rocks” of transformation, digitization, and cost-cutting: Transform... More available factories: Lending Sales Factory – Explains how to rapidly unlock profitable loan customer acquisition growth for your bank: Cross-sell existing customers with predictive profiles Identify new commercial... 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 stories, all true, about banks that have succeeded in RPA, using The... You can harness the market-disrupting power of banking sales bots from The Lab. It’s true: They do all the drudge work! Quickly! Flawlessly! Happily!Loan officers, producer managers, and market development teams love them!Increase... Speed operations, eliminate drudge work and errors 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 Clearinghouse... See the info that’s invisible in Excel sheets! How Retail Banking Executives Can Use a Microscope to See into Operations Data in Multiple Systems - Within a Few Months Every bank wants to contain costs, while maximizing... You know that the core of any banking operations-transformation effort revolves around the process. Whether it’s an operational process or a customer-journey process, it’s the bedrock for every must-do initiative on your strategic... Make this dreaded “recon” go away forever with fast & flawless RPA bots! “Stare and compare.” That’s shorthand for “reconciliations,” a back-office chore that burdens every bank. It’s the process of... Automate new loan customer acquisition at massive scale—pinpoint cross-sell prospects Prioritized from your existing data plus external demographics Custom-tailored to your bank’s strategy, customers, and geography ... MORE METHODOLOGY ABOUT INSIGHTS CONTACT SITEMAP CAREERS AT THE LAB COPYRIGHT © LAB CONSULTING PARTNERSHIP, 2021 | ALL RIGHTS RESERVED