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Robotics in Lean Financial Services: Friend or Foe?

We stand on the brink of a technological revolution that will fundamentally alter the way we live, work and relate to one another. The Financial Services industry has seen significant change over the past nine years with unprecedented threats, increased competition, economic and market instability.  It has adopted Lean thinking, with varying degrees of success, to help it overcome these obstacles which has ushered in a new way of working. But in 2017 the challenges remain and with statements like robotics can deliver “80% cost saves” commonly heard, it is no wonder many executives are examining how robotic process automation (RPA) can change the way they do business. This raises the question: is this the end of Lean in Financial Services or can technological innovations such as RPA enable a revolution of the Lean approach?

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New Accreditations & Certifications

28th April 2017

Level 3 Candidate Success

5th April 2017

Continuing Professional Development for LCS

9th March 2017

New Accreditations & Certifications

9th March 2017

Become LCS Accredited

An organisation's lean training system can become accredited so that learners who complete its training programmes receive Certificates of Lean Competency. The accrediting process ensures the training system is fit for purpose and aligned to the LCS levels, involving an in-depth scrutiny of all its components. An Accredited Certifier of Lean Competency is licenced for 2 years (renewable) to use the system.

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Become LCS Certified

Experienced lean practitioners can become LCS Certified via an Approved Prior Learning and Experience (APLE) route. This is designed for those with a track record of lean implementation and a broad knowledge of lean thinking principles and techniques, but have no formal lean qualifications or recognition of their credentials. Certification can be at LCS levels 2 and 3.

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The LCS Framework

The LCS is a lean qualifications framework used by accredited organisations to support lean training programmes, facilities or academies and by employees and lean practitioners as a vehicle to develop lean thinking knowledge and practical skills. There are seven levels in the framework, grouped into three categories 1) Fundamental, 2) Technical and 3) Strategic, covering the entire spectrum of lean knowledge and practice.

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