Скачать или смотреть Commercial Lending Participation Loan Reporting RPA Automation and AI for Banks & Credit Unions

Executives at banks and credit unions, as well as their internal improvement teams and technology leads, must transform their financial institutions to keep pace with peers—and the mandates of the board.

Introducing technologies such as agentic AI and robotic process automation (RPA) in banking is certainly at the top of your list. Want to see a top-benefit use-case in action? It’s right here in this video.

We’re talking about processing participation loans for commercial lending. They represent a substantial reporting chore for the lead bank involved. Every time there’s a note increase, or any change at all to the loan or line, you’ve got to notify all of the other participating banks.

Quick question: do you think any of the members of your Loan Operations team should be filling their days with detailed, error-prone activities like this? Wouldn’t it be better for your retention challenges—not to mention customer and member experience—to automate this activity?

It takes a person about 25 minutes to process a single note-increase report. Watch the RPA “bot” from The Lab blast through this reporting chore in just 45 seconds!

Implemented in popular automation platforms such as UiPath and Microsoft Power Automate, banking robotic process automation bots from The Lab are totally technology agnostic (as are we). They can use whatever core you use:

• FIS
• Fiserv
• Jack Henry

They can also use whatever ancillary systems you use. The bot in this video, for example, touches five different systems, none of which talk to each other. So it’s using the IBS Insight module of the FIS core. It uses the OnBase content-management system. It also works in Excel. It converts reports in Acrobat. It emails its output—directly to each participating bank’s Loan Operations, Loan Officer, and Loan Servicing teams—in Outlook. Get the picture?

In the past eight-plus years, The Lab has delivered more than 2,000 automations in credit unions and AI automation in banking implementations to peers across North America. And we do it all from our offices, and with our best-in-the-business team, right in Houston, Texas. That’s right: We never offshore. We never outsource. We do it all in-house. It’s 100% U.S.-based development.

If you’re looking to advance your bank or credit union’s strategic transformation roadmap, learn more about The Lab’s 30-plus years of expertise when it comes to end-to-end process mapping and improvement:

https://thelabconsulting.com/capabili...

Discover more about our capabilities in AI and intelligent automation for banks and credit unions:

https://thelabconsulting.com/capabili...

Then be sure to schedule your demo with our friendly experts:

https://thelabconsulting.com/contact/