Reconciliations, or recons, are the biggest back-office burden for your bank. The average bank must perform about five-hundred recons across the organization.
Most of them are daily! Each recon typically costs your bank about 500 hours each year—and your staffers hate doing them!
Here’s a single example: Reconciling commercial cash vaults against data from Brinks or Loomis.
And The Lab installed this recon bot remotely from our U.S. offices in Houston... in just four weeks!

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