Banking Labs
Fintech Complements Next Generation Banking

Banking Labs, a boutique FinTech firm specializing in banking in North America, Financial Intelligence Platform builds on the domain centric and data-driven Machine Learning (ML) models, automated DevOps pipelines, and advanced AI capabilities, including image recognition and natural language processing augmented by CNN and DNN. These advancements enable banks to transform, pivot, and re-invent towards the next generation of digital banking in customer engagement, product design, risk, finance, merger and acquisition, regulatory and compliance reporting.

Leveraging this Cloud native platform with advanced AI and ML capabilities with security and regulatory compliance enforcement at the core specializing for banks, Banking Labs provides strategic consulting and delivers end-to-end solutions integrating into the enterprise ecosystems by working with clients in the Invest-on-Invite and Lab-on-the House model when and where clients need Banking Labs. Especially on projects of high risk or high complexity, Banking Labs dedicates expert level specialists, who have deep domain insights, advanced execution experience, and track record of success, to work with clients in varied engagement models.

Banking Labs differentiates in measuring contribution to client’s success by business growth, cost transformation, and operational efficiency improvement. Banking Labs constantly innovates to gain competitive advantage and enhances the AI and Machine Learning features and capabilities. The team works with clients in every step of the way and help clients in scaling up and replicate the successes across line of business and corporate functions.

The ability to automate, accelerate, and de-risk financial transactions stimulate Banking Labs’ consistency in driving valuable business results. Strategic partnerships with other leading companies in selected domains including regulatory and compliance adds capabilities in the no-code or low-code approach to by enforcing Banking Labs’ TOTAL security framework. Concurrently, the Financial Intelligence Platform is modular and flexible, and enhances the processing speed of tech deployments in legacy, cutting-edge, or even mid-range bank ecosystems by analyzing their batch, real-time, and streaming data. This platform integrates an accurate and light transformation reporting engine with a client’s existing visualization tools (including Power BI and Tableau implementations) to complete cloud or data lake migrations.

Taking regulatory and compliance reporting for instance, working with Banking Labs’ automated pipelines, which is at heart of the Financial Intelligence Platform, clients realize benefits in four key aspects: all-around data ingestion, minicase management to resolve errors during the consolidation process, domain-centric ML and AI models that adapt to multiple verticals in the bank, and powerful reporting engines. Customized for each individual business capability, Banking Labs builds innovative solutions on the platform. In the risk management area, Banking Labs share across the RegTech community through publication of its thought leadership in Forbes and other leading publishing houses. In 2021, Banking Labs helped its leadership in winning the Canadian RegTech Leadership Excellence Award.

Rising of customer expectations in the digital era, AI-Powered banking solutions become the de facto standard. At Banking Labs, we are constantly investing and help banks reinvent to attain competitive advantages and business growth with our innovative Financial Intelligence Platform

Lately, Banking Labs collaborates with partners and delivered innovative compliance, regulatory reporting solutions and M&A solutions with their ASPIRE strategic framework. Acquiring data for timely regulatory reporting became difficult as the institution’s 100+ source systems underwent continual transformation, decommission, and enhancement processes. Banking Labs’ platform enabled them to identify the issues and enhance their entire auditability with its data ingestion and lineage solutions. It created a predictive model that foresaw data risks in the current system and stimulated a call-to-action to re-engineer its platform. After using the pilot mode of the model, the client decided to incorporate Banking Labs’ platform to maximize the added value.