The customer as the center of banking solutions: A challenge if the processing of data is not sufficiently supported by the system. In this part of our series, we show how no-compromise customer-centric business applications can be created with a banking platform.
Monitoring covenants often entails time-consuming and costly manual follow-up activities. In this first article of our series 'Business Solutions in Banking', we outline how the monitoring of covenants can be implemented both rapidly and securely in a modern business application on a banking platform.
Over the years, in the banking world, not only have operational silos emerged but also, technological standalone solutions. These block the path to modernization, especially in the back office. The motto for financial institutions is therefore: make complexity manageable and reduce it.
In times of low interest rates and increased competition, cost reduction for banks is the order of the day. Automation alone is not enough when it comes to effectively reduce costs. Especially in the back office, holistic digitization measures promise lower costs and investment in the future at the same time.
Due to the Corona crisis, factors such as loan defaults will have an impact on the tense profitability of financial institutions; this will primarily affect banks' portfolio management. A consistent adjustment of the digital agenda will be crucial to best deal with this situation.
The major challenge for banks in times of Corona: Important decisions must be made despite a high degree of uncertainty. There are many dependencies that cannot be influenced. What does this mean for financial institutions and which lessons can be learned from past crises?
knowis is a specialized software vendor located in Regensburg, Germany. Founded in 2004, the mission is to develop highly flexible and agile solutions, particularly with regard to managing and automating complexity.