Financial Services
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Financial institutions achieve operational efficiency through technology
Published February 14, 2011Filed Under:
Financial institutions can minimize expenses and improve their cycle-times by implementing technology solutions such as e-signature and remote deposit capture. -
Intel to incorporate Lean Six Sigma into financial management streamlining efforts
Published November 29, 2011Filed Under:
Companies are always looking for ways to streamline financial management and enact more effective continuous improvement approaches, and Intel is no exception, according to CFO.com. -
Financial services company reduces turnaround times with quality management program
Published March 1, 2011Filed Under:
Financial services companies have several processes to manage, and need to continually optimize their operations in order to meet customer demands for quick turnaround times. -
Using Lean Six Sigma to shorten TAT in customer banking
Published September 10, 2010Filed Under:
In the financial industry, initiating a new account for a customer signals the first business transaction, and implementing Lean Six Sigma practices can help speed up the process and get the relationships off to a good start. -
Risk management role play helps prepare bank executives for crises
Published January 31, 2011Filed Under:
Financial institutions are beginning to learn risk management skills through role play, helping them achieve performance improvements in crisis situations. -
Arizona bank investment in solar energy leads to new division
Published January 31, 2011Filed Under:
Phoenix's National Bank of Arizona has achieved continuous improvement thanks to an investment in solar energy for the bank's headquarters. -
More financial services firms look for Six Sigma qualifications
Published March 2, 2011Filed Under:
Financial services companies have increased the hiring of executives who are familiar with Six Sigma, according to a report released by Russell Reynolds Associates. -
Lean Six Sigma helps financial services company improve quotation process
Published March 3, 2011Filed Under:
A financial services company recently conducted a Lean Six Sigma Define, Measure, Analyze, Improve Control project that improved its quotation process, helping the company estimate the costs of its services. -
South African financial institution reduces waste and errors with Lean Six Sigma
Published March 3, 2011Filed Under:
Standard Bank Group, one of the largest financial institutions in South Africa, has released a case study demonstrating its implementation of Lean Six Sigma methods to reduce waste and errors. -
Value stream mapping helps insurance firm improve its insurance policy renewal process
Published March 8, 2011Filed Under:
An insurance firm in Singapore was able to increase insurance policy renewals by implementing a Lean Six Sigma project that allowed the company to reach its goals without having to hire additional staff. -
Indian life insurance company implements Six Sigma certification
Published May 16, 2011Filed Under:
In order to improve employees' skill levels and facilitate process improvement, IndiaFirst Life Insurance - a joint venture between the Bank of Baroda and Andhra Bank, two of India's largest public-sector financial institutions - recently announced a company-wide Six Sigma certification program. -
Online seminar to address process improvement within financial services
Published June 15, 2011Filed Under:
Senior representatives from global financial institutions such as HSBC, Wells Fargo, Citi and others will present their strategies for business transformation and process improvement at July's Business Process Excellence for Financial Services Online. -
UK company brings lean-based process improvement to the construction industry
Published July 25, 2011Filed Under:
United Kingdom-based plant and tool hire firm Speedy recently launched a new Lean Six Sigma-based contractor advisory service, according to The Construction Index. -
Lean Six Sigma a long-standing strategy for major banking institution
Published September 1, 2011Filed Under:
Lean Six Sigma can be an effective management tool for financial institutions, as shown by some of the most successful U.S. banks. -
Process improvement streamlines foreclosure reviews
Published September 22, 2011Filed Under:
Homeowners who believe they were victims of wrongful foreclosure are expected to have an easier time requesting a case review after the Office of the Comptroller of the Currency rolls out its new complaint review procedure. -
Banks leveraging process improvement to offset upcoming lean year
Published November 21, 2011Filed Under:
With 2012 likely to be a year of leaner margins and slower growth, financial services institutions are looking for ways to cut costs and increase revenue without sacrificing quality, according to CFO Magazine. -
Finance executives change approach to accounts payable process improvements, study shows
Published February 2, 2011Filed Under:
APQC, a nonprofit research organization, and OpenText, an enterprise content management company, recently released a survey indicating that finance executives have changed their assessment of accounts payable process improvements. -
UAE financial institution wins several continuous process improvement awards
Published February 22, 2011Filed Under:
The Dubai Quality Group recently held its Continual Improvement Symposium Competition 2010, and Mashreq, one of the leading financial institutions in the United Arab Emirates, won four top awards. -
Financial services firm implements Lean Six Sigma techniques to support IT overhaul
Published February 22, 2011Filed Under:
Westpac, an Australian financial services firm, plans to utilize Lean Six Sigma techniques to reduce waste and eliminate unnecessary processes as part of an initiative to overhaul its information technology services. -
Enterprise software helps financial services firms achieve operational efficiency
Published February 24, 2011Filed Under:
Epicor recently released a whitepaper - How Enterprise Software Helps Financial Services Firms Improve Efficiency and Reduce Costs - examining how financial service organizations can reduce costs while trying to grow as they recover from the recession. -
Study evaluates deployment of Six Sigma program at financial services company
Published February 25, 2011Filed Under:
Hertzler Systems Incorporated recently released a report evaluating the deployment of a Six Sigma initiative at a mid-sized financial services business. -
Concentration risk management
Published February 28, 2011Filed Under:
The National Credit Union Administration's recent letter explaining how the federal agency will review concentration risk has provided credit unions with a valuable opportunity to examine and improve their concentration-risk management methods. -
Multi-national bank expands car loan business with Six Sigma
Published March 9, 2011Filed Under:
A multi-national bank used Six Sigma process improvement techniques to expand its car loan business in two years - one of its most crucial business strategies. -
Nationwide wins award for Lean Six Sigma program
Published March 14, 2011Filed Under:
Nationwide Mutual Insurance recently won an award for its successful deployment of a Lean Six Sigma program at the iSixSigma Live! Miami 2011 Summit and Awards. -
RIAs ready for expansion thanks to disciplined operations
Published July 11, 2011Filed Under:
Despite a fluctuating economy, the independent registered investment advisors sector is poised for growth as firms look to implement performance improvement strategies to better serve customers and expand their businesses. -
Study: Sourcing advisers recommend internal process improvement
Published July 22, 2011
According to a recent global 2011 KPMG Sourcing Advisory Pulse Survey, 51 percent of respondents indicated they have seen more demand for internal process improvement within end-user business and information technology service providers. -
Report: ERM still needs process improvement
Published September 29, 2011Filed Under:
The area of enterprise risk management has been making progress, but process improvement is yet to be fully realized according to a recent report by A.M. Best Company, a financial services news provider for the insurance industry.
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