Industry

How to accelerate digital transformation in the banking industry

Share this post:

IBM-BPM-banking-financeLike many other businesses, banks are increasingly adopting digital transformation. Why? They want to provide compelling customer engagement, retain all their customers and fend off defections to competitors. Now more than ever, it’s important that banks provide a differentiated, tailored experience that draws customers in, both online and in-person.

Banks are finding ways to deliver innovation in the customer experience, and they need a way to deliver that experience quickly. I’d say the global banking community sees speed of innovation as a top priority, while continuing to maintain strong governance, controls and risk mitigation.

BPM Wave helps banks worldwide navigate and accelerate their digital transformation. The company offers packaged and tailored digital applications that can help banks quickly launch new products, processes and services. New solutions can be deployed on a private cloud or as cloud-based software as a service (SaaS) applications that can easily fit into any existing environment.

BPM Wave’s applications and services are built on top of an IBM private cloud foundation, including IBM Business Process Manager (IBM BPM), IBM Integration Bus (IIB) and IBM PureApplication. The company uses this foundation to help banks quickly set up and deploy new applications across their private or hybrid cloud landscape.  Let me get specific:

  • IBM BPM helps automate and execute processes that involve a lot of human intervention and complex dependencies between stage activities. It easily integrates into banking IT systems.
  • IIB provides connectivity and universal data transformation to help simplify connectivity between new and existing applications, web services and data assets.
  • IBM PureApplication System (renamed IBM Bluemix Local System) and PureApplication Service provide a high performing and scalable private cloud application platform across a hybrid landscape.

Watch what Jon Wiener, a partner at BPM Wave, says about how to accelerate digital and process transformation for banks:

Interested in learning more about the software that helps BPM Wave deliver transformation to banks?  Learn more about IBM BPM here.

Check out all the business transformation stories to be shared at IBM InterConnect 2017 in March.

Manager - IBM Application Delivery, IBM Cloud

More Industry stories

Elaw uses IBM AI to automate management of complex Brazilian labor lawsuits

Brazil has strict and complicated labor laws and according to The Brazil Business, Brazilians are prone to sue their employers. It is a cultural behavior and a way to make “easy money”. With an awareness of this tendency, many companies operate illegally and wait to see if the employee is going to sue them or […]

Continue reading

Financial industry adopts cloud solutions

The financial services sector (FSS) has reached a tipping point, according to an ITPro article on technology within the financial industry. “We have reached the point where banks, in particular, must consider and position themselves not just as financial entities, but as lifestyle brands too,” shared Bharat Bhushan, IBM CTO, Banking and Financial Services. The […]

Continue reading

Medical Confidence directory on IBM Cloud helps speed up Canadian healthcare

According to the Frasier Institute, waiting for treatment has become a defining characteristic of Canadian healthcare. In the 2018 report, “Waiting Your Turn: Wait Times for Health Care in Canada”, specialist physicians surveyed report a median wait time of almost 20 weeks between referral from a general practitioner and receipt of treatment, more than twice […]

Continue reading