The effects of COVID-19 are far-reaching and pose major challenges not only for the real economy but also for the financial sector. The profitability of the business model of many financial institutions was already strained before the pandemic; the Corona crisis further exacerbates this situation. As a result, banks will have to shift their focus, especially in portfolio management, towards analysis and monitoring.
This expert document outlines the factors that will affect banks' credit margins in the post-Corona period and the strategic measures that banks can now take to best counter the anticipated negative developments.
We love and live credit. Since the foundation of knowis AG, we have supported banks in the automation of complex, knowledge-intensive processes in the credit business. We were successful doing this before it was even called digital transformation. Based on many years of hands-on experience, we have developed a wealth of solution patterns that you can benefit from today.
Together with your specialists, our experts develop a vision for the technical development of your credit landscape. Whether application, analysis or collateral processes, the combination of solutions is not subject to any technical restrictions. Your existing systems can be fully integrated and extended if anything is lacking.
Our banking platform isfinancial is the link between your core banking system and the various user interactions . It is a 'digital agility layer', which means it ensures that business logic is packaged and reusable. Intelligent data management ensures that knowledge can be used across processes. Innovative tools and concepts enable short project times and quick customization.
By the way, if the topic of credit is not at the top of your agenda, our partners create isfinancial applications for all areas of banking – from Know-Your-Customer (KYC) to Compliance to Estate Management.
