In a banking landscape marred by complexity, the simplest will thrive!
A recent research conducted by Infosys and Financial Management Association (EFMA) on innovation in banking highlighted that:
Only 35 percent of banks have a real-time single view of customer products and transactions
Merely 21 percent of banks provide some form of product personalization to their customers
Banks take nearly six months to bring out new offers to market, with large banks taking double the time
The common reason for this struggle is the complexity in banking operations and technology. Today, complexity has emerged as one of the biggest impediment to respond effectively to market demands.
To accelerate growth and profitability, simplifying banking is the need of the hour. Finacle 11E – the latest version of Finacle universal banking solution help banks do just that.
Check out this short video on Finacle 11E