Illinois National Bank Reduces Costs, Achieves a Competitive Advantage with ibml Scanning and Document Capture Solution
Illinois National Bank Reduces Costs, Achieves a Competitive Advantage with ibml Scanning and Document Capture Solution
3 PagesLockbox processing remains a lucrative business for financial institutions, representing billions of dollars annually in fees and interest income, plus revenues from ancillary bank treasury services. It also is a critical differentiator in a financial institution’s ability to win and retain corporate clients. For years, the lockbox market has been dominated by large financial institutions who have flexed their financial might to invest in the infrastructure necessary to meet the needs of corporate clients. But Illinois National Bank, an 11-branch institution based in Springfield, Ill., is using a scanning and document capture solution from ibml to level the playing field against its larger competitors, some of whom are among the top U.S. banks, and one of which has a processing
