Why BPM for Banking?
BPM enables banks to automate business processes like account opening, lending or payments to optimize costs. Financial Service providers are increasingly looking to BPM not only as a solution to specific, immediate process improvement objectives, but as a platform that gives them the ability to tackle diverse process improvement initiatives and realize the following benefits:
- Better target and serve your customer
Economically streamline the end-to-end client management process and guide employees through decision-making process with dynamic process coaches. - Enable Straight-Through Processing
Business rules in processes can help automate the routing and processing of tasks — often reducing the amount of human intervention needed by over 80%. - Create an audit trail
Detailed process reporting provides complete picture of the process including activities, systems, and participants.
Compliance Alert
Prevent the compliance pitfalls of FATCA
White papers
Transactional fraud detection - Fighting next generation financial crimes
Prevent fraud in credit cards - Look beyond packaged solutions for a holistic approach
Dynamic BPM for Banking - Optimize cost and improve process agility
Key offers
Contact IBM
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- Email IBM
- Request a quote
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Streamline bank processes and reduce costs with IBM BPM
Resources
White Paper: Banks move towards customer-centric pricing in the current economic downturn
BPM Banking Success story: Elevations Credit Union goes from 0 to process excellence in only a year
Banking Industry Pack