Digital Banking Transformation- Let’s Shape the Future of Finance
For moving to digitize and modernize their journey, banks need to achieve operational excellence and consider the importance of making a quick change. From a high-quality customer experience to better revenue, profitability, customer engagement, and a great emphasis on personalized offerings: Digital banking transformation can be a big change for the customers to meet their requirements.
Knowing what the customers want and making the offering based on it can be rewarding. As a huge technological upgrade, Digital banking transformation covers more aspects than structural change, interaction with the economy, innovative technological updates, integration of data, analytics, and cultural change. Each of the digital innovations, be it an Integrated management system, high levels of process automation, APIs Banking, web-based services, Business IT solutions, etc. are great means for banks to save time, reduce costs, and improve risk management methods. Being a continuous process, digital banking transformation has the power to reshape and redesign all internal processes and existing methods.
Digital Transformation in Banking
Become Customer Centric
Through digital transformation banks now can achieve operational excellence which serves strategically in positioning the bank as an execution leader. Digital transformation in banking will help financial institutions to become customer focused; an essential contribution to the quality of customer experience while also increasing banks’ revenue and profitability.
Our Banking Solutions
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Operational Excellence
Path to Digitization
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Customer Onboarding
Improve Turnaround Time by developing a faster approval process through a built-in workflow
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Trade Finance
Centralized trade operations, eliminate the duplication of efforts and guarantee data integrity
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Daily Vouchers
Improve business efficiency and reduces costs and radically reduce time spent retrieving a document
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Cheques Collection & Clearance
Automatically monitoring transaction processing and compliance issues
Digital Transformation
Become customer centric
Through digital transformation banks now can achieve operational excellence which serves as a strategic differentiator in positioning the bank as an execution leader. As it will help financial institution to transform into customer centric organizations which is an essential contribution to the quality of customer experience while also increasing bank’s revenue and profitability.
Our Banking Solutions
Send download link to:
Operational Excellence
Path to digitization
-
Customer Onboarding
Improve Turnaround Time by developing a faster approval process through a built-in workflow
-
Trade Finance
Centralized trade operations, eliminate the duplication of efforts and guarantee data integrity
-
Daily Vouchers
Improve business efficiency and reduces costs and radically reduce time spent retrieving a document
-
Cheques Collection & Clearance
Automatically monitoring transaction processing and compliance issues
The Importance of Transformations in the Banking Sector
What makes integrated management systems, digital methods and tools, API management, and other digital and Business IT solutions so crucial in the banking sector? – Each of end-to-end Integrated business solutions can become a great change in the banking sector monetizing the digital assets and driving real digital advancements. Up-gradation of existing processes in banking is more than tools and software solutions, but also all the approaches that shape better management, communication, and organizational culture. It can deliver a rich set of capabilities and flexibility, help to improve organizational agility and bring countless benefits. For example, an integrated management system allows better management of multiple aspects of the banks’ operations, including health, safety, environmental, or quality management through integrated audits and assessments. APIs Banking, on the other hand, provides a seamless connection with businesses and customers and provides safer and convenient information transfer. With each of the solutions of digitization, innovation, and integration of new technologies, banks, and financial institutions will be able to make a huge improvement in operational processes and models.
Get the best integrated business solutions, end-to-end services, microservices solutions, and more technology services, that will enable the banking, financial and other organizations to keep up in the modern and ever-changing technological environment. Besides, due to digital advancements, financial institutions will be able to offer more customer-centric channels with less operating costs. It is time to equip the banks with all the competitive tools and solutions to make them relevant to future changes and advancements.
Analytics
Evaluate & find potential trends
Converting information and data into valuable business intelligence is an essential process within every financial organization. The better that information is presented for analysis, assimilation and manipulation, then the better the outcome for the business. As analytics will help the institutions to first understand their customers to be able to predict their behavior for providing customized offers and Customer experience
Fraud Management
Tailored fraud rules
Use real-time analytics of transactional data, customer behavior and other historical data to correlate and identify patterns, as well as update and refine fraud rules in real-time
Collections Management
Borrower centric approach
Implement a comprehensive debt approach to management, scoring and segmentation, to be able to improve recover rates, reduce bad debt write-offs minimize activity cost and time
Customer Due Diligence
Regulatory compliance
Automate the CDD processes and have an in-depth understanding of your operations if you want to make sure that customers have an excellent experience when they interact with your bank
Service Platforms
With digital transformation in banking, you enable your knowledge workers to extract valuable insights from critical information, to make better and faster decisions.
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Content Management
Discover, capture, manage and use incoming data to engage more successfully with customers
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Business Process Management
Automate business processes, streamlining operations and enabling the entire organization to work together
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Business Rules Management
An easy-to-use platform for capturing, automating and governing frequent, repeatable business decisions
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Enterprise service Bus
Create a simplified IT infrastructure and eliminating the need to write a program when a new endpoint is added
What our customers say
Sumerge is one of the best companies I have dealt with. The team is very professional, respectful, punctual and committed to delivering the contracted project on time
Sahar Salah,
Vice President, Head of IT, Bank ABCSumerge helped us to seamlessly implement a daily vouchers solution where the team provided an exceptional effort to solve any migration issues and finish the implementation with zero data loss or security issues
Shaarawy Mohamed,
IT Infrastructure services Manager, FABWe used Sumerge’s consultancy and experience to implement our Self-Service Portal as they are the best team in the region to implement and use IBM Technology
Ahmed Abd El Hady,
IT Division Manager, TE-DataThankfully with Sumerge’s ECM solution we now rely on our electronic documents and moved our physical collateral documents to a safe fireproof warehouse, as we no longer need the documents onsite anymore
Tamer Emam,
Head of IT, EMRCWith Sumerge we seamlessly implemented automation for our loan appraisal process along with enterprise content management which empowered us to help more citizens find affordable housing more quickly
