Smarter Processes Hold the Secret to Bank Profitability
Digital challengers are resetting the operational efficiency norms in banking. The key to driving down cost-to-income ratio lies in optimizing business processes, reducing cost overheads and baking customer-centric design into banking operations. Winning banks are stepping-up their AI and automation game and rethinking processes for the next-gen.
An Assessment of the Top 1000 Global Banks Confirms That Institutions Powered by Finacle Have a 3.9 Percentage Point Lower Cost-To-Income Ratio Than Their Peers.
Scale Process Digitization and
Automation with Finacle
Streamline your operations with Finacle Digital Banking Platform. Driving real-time straight-through processing, our platform automates workflows using rules, APIs, events, and integrated RPA and AI enablers. Our flow builder ensures automation through service composition and API/events orchestration. Our in-house RPA (AssistEdge) and AI platforms enable true process automation, while blockchain-powered capabilities elevate efficiency in inter organizational processes. Our API-first, event-driven approach gives you enhanced agility, efficiency, and adaptability.
- RPA at Nations Trust Bank delivered as much as 90% reduction in operational costs in select processes.
- With Finacle, Discover Financial Services improved quality of customer service with most common customer requests requiring 40% fewer clicks.
- Finacle Trade Connect – a blockchain-based network of 18 banks, enabled reduction in letter of Credit processing cycle time by 75%.
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Next-Gen Core: A 5-Stage Framework for Future-Ready Banking
