Solutions
Learn More About Enterprise Mashups
A major multinational bank uses Web 2.0 technology to efficiently deploy a banking application to more than 1500 branches resulting in improved usability, faster response time, increased security, and lowered maintenance costs.
Financial institutions have long known that success comes from executing well on four primary tasks:
- Acquiring new customers efficiently through organic growth,
- Maximizing the value of each customer relationship,
- Optimizing the balance between revenue and risk,
- Minimizing the cost of operations.
While not complicated conceptually, in practice it is quite difficult. There are several contributing challenges, but they all ultimately come back to the same overarching issue: financial institutions cannot put the right information in the hands of the right people quickly enough.
The list of reasons is well-documented. Data for different products resides in different systems. It takes weeks or longer to get a new report run by IT. Information about a client or prospect from sources outside of the institution is rarely available, and if it is available it is not integrated with internal information. Security concerns preclude integrating information.
Enterprise mashups are an innovative new approach to getting the right information into the hands of the right people quickly. With an enterprise mashup, new data sources can be added much more efficiently and easily than with traditional technologies, and once a source is made available it can be mashed with other existing sources into an almost limitless number of information combinations.
Applications in the financial services industry that can benefit from Enterprise Mashup solutions include:
- Sales Prospecting, across retail and commercial banking, brokerage, wealth management, merchant card, and other businesses;
- Customer Insight, combining customer information from all sources into a single portal;
- Online Banking, allowing customers to bring in dynamic new information for a custom portal;
- Enterprise Risk Management, monitoring and analyzing all risk types across the institution;
- Credit Risk Management, enhancing existing credit risk modeling with external data;
- Sell-side Research, adding new content dynamically to create more compelling, differentiated research offerings;
- Trading Analysis, comparing prices from across the world to understand best-price buying opportunities;
- Loan Processing, allowing all parties to a transaction to monitor loan status;
- Data Integration, enabling financial institutions to rapidly combine data into usable combinations of information for users.
We encourage you to review our offering and Contact Us to learn more about how you can benefit from this new generation of user-driven technology.
