Following are the major benefits derived by the banks:
- Replace old technology seamlessly with a state-of-the-art n-tierapplication.
- Replace multiple disparate and older generation systems with asingle integrated multi-product processing application across variouscountries.
- Streamline operations by integrating the enterprise, to existing inhouseapplications and to offer a single customer view.
- Create a virtual banking operation from ground-up and offer a hostof banking products.
- Enable multiple new delivery channels (Internet Banking, 7 X 24 ATM, Mobile Banking, Tele-banking and Point of Sale Terminals) allowing the bank to reach out to new customers and segments.
- Move to centralized processing and handle much higher volumes without a proportionate increase in resources or infrastructure costs.
- Use business intelligence tools to analyze customer needs and create new products and offerings.
- Build and retain customer relationships based on the strength of customer service capability.
- Enable and modify product offerings quickly and efficiently based on customer’s market needs.
- Reduce costs, improve bottom-line and stakeholder rewards.
- Quick and easy introduction of new products and services
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