A community bank secured 6,780 loans for over $1.1 billion in funds with Lateetud powered solution
Bank of the Future
Leverage Intelligent Automation to create an Agile, Scalable, and Customer Focused Bank
Reference
“We are closing in on saving around 85,000 jobs and $770 mil in loans secured. With Lateetud delivering the Robotic Process Automation (RPA) solution, 99 percent of loans are processed on the day of application.”
-Thomas Zernick, President, SBA Lending Division at First Home Bank
Are you ready?
- COVID-19 has brought tremendous changes and exposed banks to new business drivers
- Banks have to do more in the long run to create Bank of the Future
- Challenged by the headwinds, businesses will look towards banks to be agile, customer-focused, and ready to support their growth plans
Watch this discussion between Matt Lavoie, Head of RPA and iBPMS at Citizens Bank and Pawan Jadhav, CEO of Lateetud to learn about how Lateetud enabled Citizens Bank to save upwards of $10 mil over two years.
Watch NowWhat are the business imperatives for bank?
The business imperatives for banks in these times are to Optimize, Innovate and Scale. If banks do not act on these business imperatives to achieve a healthy Return on Tangible Equity (ROTE), then the upcoming business cycle will put them out of favor.
01
OPTIMIZE02
INNOVATE03
SCALEWhat performance levers do banks have?
The banks have the following performance levers to achieve the above started business imperatives.
Risk Management
- Intelligent Automation can contain and manage risk
- Advanced Analytics and Artificial Intelligence can detect trends and patterns
Productivity
- RPA can help automate manual activities helping banks do more with less
- Hyperautomation can bring people, process and technologies together to industrialize tasks
Revenue Growth
- Scalability will help banks go after newer client segment or launch new products
- Enhanced customer experience will help banks up-sell and cross-sell
How Lateetud can help Banks?
Lateetud can help banks - both Leaders and Followers - to scale, cut costs, differentiate and build a digital future. Our services and solutions can help banks in all the three major areas - Front Office, Middle Office and Back Office.
Front Office
Conversational Banking
- Robotic Process Automation
- Portals
- Chatbots
- Virtual Assistant
- Contact Center Al
Middle Office
Anti−Fraud and Risk
- Robotic Process Automation
- RegTech
- KYC & AML Automation
- Workflow Automation
Back Office
Servicing and Underwriting
- Robotic Process Automation
- Predictive Modeling
- Cognitive Data Extraction
- Natural Language Processing (NLP)
Optimize
Innovate
Scale
