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

0 comments