Finacle will be exhibiting at Sibos 2019, to be held in London 23-26 September. Sibos is the among the largest annual events for the financial industry and is organized by SWIFT. It typically attracts thousands of stakeholders and business leaders from the global financial community, with primary representation being in the areas of corporate banking, payments, cash management, securities, and trade finance. The focus of Finacle’s presence this year will be:
The ability to deliver an exceptional user experience becomes even more crucial, and the design of this experience must be about more than mobile first. Meeting the future needs of digital-first and mobile-only customers, require banks to rethink what a bank is from the bank end to front of house. Their goal should be to deliver a frictionless, unified customer experience that enchants users through great design and novel products that bring about new and authentic relationships whilst containing costs.
Blockchain technology is now becoming the focus of attention of some of the world’s largest financial institutions with many vigorously looking at how processes can be streamlined and cost reductions made. We will be exploring how Blockchain has immense potential to eliminate the back office in banking. How can digitized services contribute to the ‘Amazon like’ user experience that consumers of all banking sectors now expect. What is the value add of the financial institution, their peers and their customers through this transformation.
Profitability is an issue, and reportedly one in two globally have returns below the hurdle rate. The shrinking loyalty, and attrition of corporate clientele for want of tailored, cost efficient solutions is a reality. And to add, the increasing presence of Fintech competition in transaction banking business, is fundamentally disrupting the corporate banking value chain. Banks are coming under increasing pressure to reimagine their service models for corporate customers. Digital Cash Management, provides an excellent opportunity for banks to retain their existing customer base, secure new business and be seen as an innovative leader in the corporate banking space.
We have the privilege of working with banks in over 100 countries to help accelerate their transformation programs. For instance, Santander UK in partnership with Infosys Finacle is digitizing their global inter-bank cash management business, in a cloud environment, as part of their strategy to grow their global Transaction Banking business.
Finacle will be present throughout the event. We look forward to meeting you and discussing the digital journey for your financial institution.
To pre arrange a meeting with one of our subject matter experts, please email on firstname.lastname@example.org