Banking

The banking sector is continually evolving, with new digital players revolutionizing classic banking services. These disruptive business models, along with the introduction of new regulations and IT transformations, are forcing industry insiders to shift their strategy for increased value and extended customer loyalty.

Digital players revolutionizing classic banking services

The Signavio Business Transformation Suite is the ideal management tool for banks and financial institutions, with a proven company 123% ROI, according to the latest Forrester TEI Report.

You can discover the real potential of processes yourself, with the help of a solution that combines process modeling with automation and analysis. Benefit from real-time insights and compliance checks for your ongoing business. Put simply, Signavio helps future-proof your financial institution.



Responding to the many new challenges…

“71% of consumers would use entirely computer-generated support for banking… 63% say sharing data should deliver personalized services. Digital transformation is essential. ”
Accenture

In recent years, the banking and finance sectors have undergone considerable changes in the way they operate, both globally and locally. Under pressure from new digital players and fintechs, banks and other institutions also face the challenges that come with being one of the most heavily-regulated industries in the world.

In order to respond to these challenges, and develop products and services that integrate perfectly into customers’ daily lives, financial institutions must start at the core of their business: the process. You need a flexible software solution that enables consistent process and decision implementation while better understanding your customer expectations.

With Signavio, you can ensure consistent business rules and can bring your innovations to the market faster than ever. No other software solution combines process and decision management with advanced process mining capabilities and customer journey mapping. Our extensive list of resources at the bottom of this page provide practical insights, and will help you thrive in an environment of strong, international disruption and competition.

Five use cases, one software solution

The Signavio Business Transformation Suite can help banks and financial institutions get the most out of their processes, reduce costs, optimize performance, and safeguard their competitive advantage. For banks and financial institutions, the Suite offers a range of significant benefits, grouped under several compelling use cases:

banking-man

Operational Excellence

Signavio can help banks model their current processes, from new customer onboarding to loan processing, and discover a more efficient way of operating. Using the power of process management to improve the end-to-end transparency of business processes means you can harmonize operations and business decisions across different departments and business functions.

7 Step Guide to Operational Excellence

Risk & Compliance

Managing risk is fundamental to banks and financial institutions. Signavio can help build a stable and consistent process environment, meaning compliance violations can be detected and risks responded to rapidly. At the same time, you can react quickly to frequent regulatory shifts and changing business requirements by strengthening your existing risk & compliance frameworks. You can even automate your regulatory reporting obligations, making complex manual reporting a thing of the past.

7 Step Guide to Risk & Compliance

ERP Transformation

Standardize processes across your entire organization, including different business units and geographic locations. Assess the usefulness of your bank’s legacy systems, and update them where appropriate, as well as discovering other opportunities to improve your IT infrastructure and services.

7 Step Guide to ERP Transformation

RPA at Scale

Use process automation to help cut down on repetitive work, reduce human error, and detect and eliminate incidences of non-compliant process behavior. Analyze your business processes to identify opportunities for automation, or optimize existing processes in preparation for RPA implementation.

7 Step Guide to Successful Enterprise Robotic Process Automation

Mapping the Customer Journey

Customer expectations are changing; banking needs to be seamlessly integrated into their everyday lives. Use customer journey mapping to put customer perspectives at the heart of your operations, identify customer contact points, and understand exactly how customers experience your business. Understanding is the key to enhanced customer satisfaction and loyalty!

What is a Customer Journey Map and Why Do You Need One?

Future-focused banks use Signavio for their business transformation

With extensive capacity for collaborative work, banks can make sure transformation sticks by engaging business users in the design and optimization of processes. The Signavio Business Transformation Suite also connects processes to the decisions that drive them, giving employees the tools to make the right choice at every critical turning point.

Get started transforming your banking operations today! If you’d like to learn more or schedule a product demo, get in touch at info@signavio.com. Or, if you’d like to test the Signavio Business Transformation Suite out for yourself, simply sign-up for a free 30-day trial today.