Kearny Financial Corp. Partners with The Lab Consulting to Accelerate Operational Efficiency and Drive Shareholder Value
Kearny Financial Corp. (NASDAQ: KRNY) has announced a strategic partnership with The Lab Consulting to enhance operational efficiency and drive shareholder value. The collaboration focuses on implementing automation, AI, and process improvements across the bank's operations.
The multi-phase transformation program includes Robotic Process Automation (RPA), AI-enabled document processing, workflow orchestration, and data-driven insights through real-time KPI dashboards. The initiative aims to streamline operations, reduce expenses, and improve client experience while ensuring secure integration with core banking systems.
The program is expected to deliver operational improvements within the first year of implementation, focusing on cost optimization, revenue generation opportunities, and enhanced employee engagement.
Kearny Financial Corp. (NASDAQ: KRNY) ha annunciato una partnership strategica con The Lab Consulting per migliorare l'efficienza operativa e aumentare il valore per gli azionisti. La collaborazione si concentra sull'implementazione di automazione, IA e miglioramenti di processo nelle attività della banca.
Il programma di trasformazione in più fasi comprende Robotic Process Automation (RPA), elaborazione documenti abilitata dall'IA, orchestrazione dei flussi di lavoro e intuizioni basate sui dati tramite cruscotti KPI in tempo reale. L'iniziativa mira a snellire le operazioni, ridurre i costi e migliorare l'esperienza dei clienti, garantendo al contempo un'integrazione sicura con i sistemi core bancari.
Si prevede che il programma offra miglioramenti operativi entro il primo anno di implementazione, concentrandosi su ottimizzazione dei costi, opportunità di generare ricavi e maggiore coinvolgimento dei dipendenti.
Kearny Financial Corp. (NASDAQ: KRNY) ha anunciado una asociación estratégica con The Lab Consulting para mejorar la eficiencia operativa y aumentar el valor para los accionistas. La colaboración se centra en la implementación de automatización, IA y mejoras de procesos en las operaciones del banco.
El programa de transformación en varias fases incluye Automatización Robótica de Procesos (RPA), procesamiento de documentos impulsado por IA, orquestación de flujos de trabajo y conocimientos basados en datos a través de paneles KPI en tiempo real. La iniciativa busca agilizar las operaciones, reducir gastos y mejorar la experiencia del cliente, asegurando una integración segura con los sistemas centrales del banco.
Se espera que el programa proporcione mejoras operativas en el primer año de implementación, enfocándose en la optimización de costos, oportunidades de generación de ingresos y mayor compromiso de los empleados.
Kearny Financial Corp. (NASDAQ: KRNY)은(는) 주주 가치를 높이고 운영 효율성을 강화하기 위해 The Lab Consulting과 전략적 파트너십을 발표했습니다. 이 협력은 은행 운영 전반에 걸친 자동화, AI 및 프로세스 개선의 구현에 중점을 둡니다.
다단계 변화 프로그램에는 로봇 프로세스 자동화(RPA), AI 기반 문서 처리, 워크플로우 조정 및 실시간 KPI 대시보드를 통한 데이터 기반 인사이트가 포함됩니다. 이 이니셔티브는 운영을 간소화하고 비용을 절감하며 고객 경험을 개선하는 동시에 핵심 은행 시스템과의 안전한 통합을 보장하는 것을 목표로 합니다.
이 프로그램은 구현의 첫 해 안에 운영 개선을 제공할 것으로 예상되며, 비용 최적화, 수익 창출 기회 및 직원 참여 강화에 중점을 둡니다.
Kearny Financial Corp. (NASDAQ: KRNY) a annoncé un partenariat stratégique avec The Lab Consulting afin d'améliorer l'efficacité opérationnelle et de créer de la valeur pour les actionnaires. La collaboration se concentre sur la mise en œuvre de l'automatisation, de l'IA et des améliorations de processus dans l'ensemble des opérations de la banque.
Le programme de transformation en plusieurs phases comprend l'automatisation des processus robotiques (RPA), le traitement de documents activé par l'IA, l'orchestration des flux de travail et des insights basés sur les données via des tableaux de bord KPI en temps réel. L'initiative vise à rationaliser les opérations, réduire les dépenses et améliorer l'expérience client tout en garantissant une intégration sécurisée avec les systèmes bancaires centraux.
Le programme devrait générer des améliorations opérationnelles dès la première année de sa mise en œuvre, en se penchant sur l'optimisation des coûts, les opportunités de génération de revenus et un meilleur engagement des employés.
Kearny Financial Corp. (NASDAQ: KRNY) hat eine strategische Partnerschaft mit The Lab Consulting angekündigt, um die operative Effizienz zu steigern und den Wert für die Aktionäre zu erhöhen. Die Zusammenarbeit konzentriert sich auf die Implementierung von Automatisierung, KI und Prozessverbesserungen in den Bankabläufen.
Das Transformationsprogramm in mehreren Phasen umfasst Robotic Process Automation (RPA), KI-gestützte Dokumentenverarbeitung, Workflow-Orchestrierung und datengetriebene Erkenntnisse über Echtzeit-KPIs. Ziel der Initiative ist es, Abläufe zu straffen, Kosten zu senken und die Kundenerfahrung zu verbessern, während gleichzeitig eine sichere Integration mit den Kernbankensystemen gewährleistet wird.
Es wird erwartet, dass das Programm innerhalb des ersten Jahres operative Verbesserungen liefert, mit Fokus auf Kosteneinsparungen, Chancen zur Umsatzgenerierung und erhöhter Mitarbeitereinbindung.
Kearny Financial Corp. (NASDAQ: KRNY) أعلنت عن شراكة استراتيجية مع The Lab Consulting لتعزيز الكفاءة التشغيلية وتحقيق قيمة للمساهمين. تركز التعاون على تنفيذ الأتمتة والذكاء الاصطناعي وتحسينات العمليات عبر عمليات البنك.
يشمل برنامج التحول متعدد المراحل أتمتة العمليات الروبوتية (RPA)، ومعالجة المستندات المدعومة بالذكاء الاصطناعي، وتنسيق سير العمل، وتقديم رؤى مدفوعة بالبيانات من خلال لوحات مؤشرات الأداء الرئيسية في الوقت الفعلي. تهدف المبادرة إلى تبسيط العمليات وتقليل النفقات وتحسين تجربة العملاء مع ضمان تكامل آمن مع أنظمة البنك الأساسية.
من المتوقع أن يحقق البرنامج تحسينات تشغيلية خلال السنة الأولى من التطبيق، مع التركيز على تحسين التكاليف وفرص توليد الإيرادات والمشاركة المحسّنة للموظفين.
Kearny Financial Corp. (NASDAQ: KRNY) 已宣布与 The Lab Consulting 建立战略伙伴关系，以提升运营效率并为股东创造价值。此次合作专注于在银行运营中推行自动化、人工智能和流程改进。
这一多阶段转型计划包括 机器人流程自动化（RPA）、以AI为驱动的文档处理、工作流编排，以及通过实时 KPI 仪表板提供的数据驱动洞察。该计划旨在简化运营、降低成本、提升客户体验，同时确保与核心银行系统的安全整合。
预计该计划在实施的第一年内实现运营改进，重点关注成本优化、创收机会以及员工参与度的提升。
- Implementation of RPA and AI expected to reduce operational costs and improve efficiency
- Program designed to increase revenue-generating opportunities
- Expected operational improvements within first year of implementation
- Strategic focus on cost optimization and scalable growth
- Significant investment in consulting and technology implementation required
- Potential short-term disruption during transformation process
Insights
Kearny's partnership with The Lab Consulting targets cost reduction and efficiency gains through automation, with potential medium-term financial benefits.
Kearny Financial's announced partnership with The Lab Consulting represents a strategic investment in operational transformation focused on process automation and efficiency. The initiative encompasses several key digital transformation components: robotic process automation (RPA), AI-enabled document processing, workflow orchestration, and data analytics capabilities. This approach aligns with broader industry trends where regional banks seek technology-driven cost efficiencies to remain competitive.
The implementation strategy follows a multi-phase methodology targeting several operational areas simultaneously. While specific investment amounts remain undisclosed, these initiatives typically represent significant operational expenditures with expected payback periods extending 12-36 months. The press release indicates expectations for "operational improvements within the first year" but notably lacks quantifiable metrics or targets for cost reduction percentages, productivity improvements, or expected ROI.
Most banking automation initiatives of this nature yield 15-25% efficiency gains in targeted operational areas, with document processing and repetitive administrative tasks seeing the highest improvement rates. The emphasis on core system integration suggests Kearny is pursuing an enterprise-wide approach rather than departmental point solutions, which typically delivers more substantial long-term benefits but requires more complex implementation.
The strategic value extends beyond cost reduction to include capacity creation for revenue-generating activities and improved client experience, both increasingly important competitive factors in regional banking. However, successful execution will depend heavily on the "sustainable change management" component mentioned, as banking automation initiatives often face adoption challenges among established workforces.
FAIRFIELD, N.J., Sept. 30, 2025 (GLOBE NEWSWIRE) -- Kearny Financial Corp. (NASDAQ: KRNY) (the “Company”), a performance-driven financial institution committed to sustainable growth and innovation, today announced a strategic partnership with The Lab Consulting, a leading provider of process improvement and automation solutions for the financial services industry.
This initiative is designed to enhance operational efficiency, boost workforce productivity, and elevate the client experience—while delivering measurable value to shareholders through cost optimization and scalable growth.
“Operational agility and client-centricity are critical to our long-term success,” said Craig Montanaro, President & CEO of Kearny Financial Corp. “Our partnership with The Lab Consulting is a strategic investment in our future—one that will allow us to streamline operations, empower our teams, and deliver stronger returns for our stakeholders.”
Consulting Engagement Highlights
The Lab Consulting will deploy a proven, multi-phase innovation methodology tailored for financial institutions seeking efficient, sustainable transformation:
- Automation & AI: Implement Robotic Process Automation (RPA) and AI-enabled document processing to eliminate manual, repetitive tasks and accelerate workflows.
- Workflow Orchestration: Leverage existing industry leading automation platforms to integrate processes across departments and systems.
- Data-Driven Insights: Deploy advanced tracking of key performance indicators (KPIs) through dashboards with real-time visibility into performance metrics.
- Client Experience Optimization: Redesign client-facing processes to improve speed, accuracy, and satisfaction.
- Core System Integration: Ensure all automation solutions integrate securely with Kearny’s core banking and client relationship management (CRM) platforms.
- Sustainable Change Management: Provide knowledge transfer and best practices to ensure long-term adoption and continuous improvement.
The program is expected to deliver operational improvements within the first year of implementation, with long-term benefits including reduced operating expenses, increased capacity for revenue-generating opportunities, improved employee engagement, and strengthened competitive positioning.
“By combining process mapping, RPA, AI-enabled intelligent document processing, and advanced analytics, we’re enabling Kearny Financial Corp. to achieve rapid, scalable improvements in efficiency and client service,” said Chris Wilds, Director of Automation of The Lab Consulting.
About Kearny Financial Corp.
Kearny Financial Corp. (NASDAQ: KRNY) is the parent company of Kearny Bank which operates from its administrative headquarters in Fairfield, New Jersey, and a total of 43 retail branch offices located throughout northern and central New Jersey and Brooklyn and Staten Island, New York. At June 30, 2025, Kearny Financial Corp. had approximately
Statements contained in this news release that are not historical facts are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties which could cause actual results to differ materially from those currently anticipated due to a number of factors, which include, but are not limited to, factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time. The Company does not undertake and specifically disclaims any obligation to update any forward-looking statement, whether written or oral, that may be made from time to time by or on behalf of the Company.
Investor Relations Contact:
Sean Byrnes
Executive Vice President & Chief Financial Officer
Kearny Financial Corp.
sbyrnes@kearnybank.com | (973) 244-4500
www.kearnybank.com
About The Lab Consulting
The Lab is a leading provider of process and data standardization for white-collar work, or “knowledge work.” Since 1993, The Lab has helped organizations around the world implement improvements that reclaim capacity, preserve margin, and increase sales.
Contact:
Christopher Wilds
Director of Automation
The Lab Consulting
cwilds@thelabconsulting.com | (201) 526-1200
www.thelabconsulting.com
FAQ
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