Enterprise Information Management (EIM)
for Banking

How EIM helps to overcome challenges in Banking industry

Pressure is increasing for retail banks, credit unions, wealth and asset management firms, fintechs and corporate treasury divisions to address evolving regulations and security threats and optimize and expedite payment processes. To meet these expectations, banking organizations require solutions that improve customer service operations to ensure compliance, enhance information exchanges and mitigate risk.

Enterprise information management (EIM) can help banks and other financial organizations in a number of ways by improving their ability to manage and track data related to their financial processes.

An ATM machine

Solutions for Banking

AREAS WE CAN HELP YOU RESOLVE

— Automate processes like document management, records management, etc.
— Comply with requirements like AML/KYC, FATCA, etc.
— Improve the workflow at your bank and make it more efficient
— Organize data and keep it secure.

BENEFITS

— Increase customer satisfaction
— Reduce costs by automating processes and reducing errors
— Comply: with regulations
— Minimize: operational risks
— Boost employee productivity

Some examples of how EIM can help the banking industry include:

  • Customer accounts: EIM can help banks manage and track data about their customers, such as account balances, transaction histories, and contact information. This can help banks provide better customer service and build stronger relationships with their customers.

  • Transactions: EIM can help banks manage and track data about financial transactions, such as deposits, withdrawals, and transfers. This can help banks improve their financial processes and reduce the risk of errors.

  • Compliance: EIM can help banks manage and track data related to regulatory compliance, such as information about anti-money laundering regulations and consumer protection laws. This can help banks meet regulatory requirements and reduce risk.

  • Risk management: EIM can help banks manage and track data about potential risks, such as credit risk, market risk, and operational risk. This can help banks identify and address potential risks in a timely manner and improve their overall risk management processes.

A man sitting at the table

Trends in Banking industry

  • Enhancing employee experiences

    Enhancing employee experiences

    62% of financial service workers say the employee experience positively impacts their ability to serve customers, renewing the priority on enhancing employee experiences.

  • Security solution deployments

    Security solution deployments

    As ransomware attacks on banks jumped by 1,318% in the first half of 2021, there has been an increase in endpoint security solution deployments.

  • End-to-end automation

    End-to-end automation

    Machine learning, process mining, process automation and API integrations are being increasingly implemented to simplify complexity with end-to-end automation.

  • Proactive customer engagements.

    Proactive customer engagements

    There has been a continued move from product- and service-based transactional business models to personalized, intelligent and proactive customer engagements.

See how other industries can benefit from EIM

Accelerate your business with the right solution

Curious to find out how Information Management Solutions can accelerates your business? One of our experts is happy to share the quick and long-term wins.  During this 60-minutes session, we’ll investigate your current situation, goals, possible gaps, and share our knowledge and insights.