Sectors

Retail sector

The Global retail banking market has become more competitive than ever. Continued International expansion of the big banks, coupled with the appearance a new generation of challenger banks and completely digital offerings, is making it more difficult than ever for retail players to differentiate their services, attract new customers, retain their existing customer base and increase revenues.

Common challenges for retail banks

attracting and retaining

attracting and retaining

Attracting and retaining

All our solutions are designed to balance front office goals of enhanced, omni-channel client engagement, with the ability to reduce risk in all onboarding and credit activities, while insuring compliant activities throughout.

software accesibility

accesibility

Accesibility

Making it easier for new and existing customers to open accounts, apply for credit and have their daily needs serviced without compromising the risk management and compliance requirements of the bank.

software accesibility
regulated environment

regulated environment

Regulated environment

Doing all of the above within a tightly and increasingly more regulated environment.

competitiveness

competitiveness

Competitiveness

Increasing market competitiveness by reducing onboarding and credit product origination time.

competitiveness

BankConnect Values

Digital front to back solutions that balance enhanced and multi channel client engagement with an improved ability to manage risk and ensure compliant activity every step of the way.

front to back

Digital front to back solutions that balance enhanced and multi channel client engagement with an improved ability to manage risk and ensure compliant activity every step of the way.

solutions that reduce processing

Solutions that reduce processing time for onboarding and credit activities by 80% or more.

systems functionality

Systems that functionally promote upselling and cross selling of retail products, such as personal loans, credit cards, overdrafts, auto loans and more.

board and specific

Broad and specific views of onboarding and credit origination activities that help you isolate bottlenecks, rapidly troubleshoot problem areas and actively intervene with system operation for the purpose of operational smoothing.

system management features

System management features that allow you to keep control in house. Minimal reliance on IT departments or External contractors for making changes required to keep system functionality aligned with operating parameters of the bank.

All BankConnect solutions are customisable making them unique to your business

Corporate sector

The corporate banking sector is becoming more and more challenging by the day. Competition is fierce as customer loyalty becomes a thing of the past and corporate banking products and services become more widely and easily accessible by the day. To add to the challenge, corporate clients are reshaping their own approaches for attracting their clients and in turn, expect their banking partners to align with their new way of operating.

Common challenges for the corporate banking sector

update and improve

attracting and retaining

Attracting and retaining

Staying competitive in a market where its become mandatory to update and improve the way one’s corporate customers engage with the bank.

onboard processes banking

onboarding processes

Onboarding processes

Time and complexity of legacy onboarding processes are no longer acceptable to corporate customers, who can do better elsewhere

onboard processes banking
turn around time

leading and trade finance

Turn around time

A strong push to reduce turn around time for lending and trade finance activities.
Realizing that the promise of portal applications was overstated and that portal applications, by themselves, do nothing to reduce cycle time and cost, without addressing back office operations

corporate clients

corporate clients

Corporate clients

A need to serve corporate clients of varying sizes and breadth of geographic operations.

corporate clients

BankConnect Values

front to back

Digital front to back solutions that balance enhanced and multi channel client engagement with an improved ability to manage risk and ensure compliant activity every step of the way.

Single platforms for onboarding small to large corporate customers.

board and specific

Broad and specific views of onboarding and credit origination activities that help you isolate bottlenecks, rapidly troubleshoot problem areas and actively intervene with system operation for the purpose of operational smoothing.

solutions that reduce processing

Solutions that reduce processing time for onboarding and credit activities by 80% or more.

All BankConnect solutions are customisable making them unique to your business

icon house control

System management features that allow you to keep control in house. Minimal reliance on IT departments or External contractors for making changes required to keep system functionality aligned with operating parameters of the bank.

Private sector

In what’s always been a highly competitive High Net Worth client sector, private banks are finding themselves more challenged than ever before. Increasing complexity and number of regulations, resulting compliance problems, slow, but steady client attrition and rigid operating overhead are just some of the problems putting a strain on competitiveness and profitability.

Common challenges for the private banking sector

complience

complience software

Compliance

Non transparent system interdependences as well as a heavy reliance on the IT workload results in most Banks being constantly non-compliant and hence at risk from international fines.

hnw on boardding time

hnw onboarding time

HNW on-boarding time

Despite all efforts to create a professional first impression, the time required to on-board a HNW individual is still well over 40 days, often reaching as much as 90 days.

hnw on boardding time
new regulation applicability

new regulatory applicability

New regulation applicability

Relationship managers are burdened by understanding and applying the amended and new regulations.

client reorientation

client reorientation

Client reorientation

A more demanding and knowledgeable client base is causing attrition within Private Banking as many clients look to manage their own investments or search for alternative wealth management possibilities.

client reorientation
cost of onboarding

cost of onboarding

Cost of on-boarding

The increasing regulatory burden significantly adds to the cost of onboarding, significantly impacting banking revenues.

operating costs

operating costs

Operating costs

Reducing operating costs is now a priority by lowering fixed overheads from fewer support staff.

operating costs
increased efficiency

increased efficiency

Increased efficiency

Automation of core processes and assistance through new technology will enable increased efficiency and allow the relationship managers to provide a better service quality.

BankConnect Values

end to end icon

Digital end-to-end solutions with a guided process ensuring full compliance. Resources are directed to where the risk is greatest i.e. PEP, enhanced risk individual.

risk focused icon

BankConnect applications are heavily compliance and risk focused, assisting you in being complaint every step of the way.

icon update transparency

Processes are transparent with regular status updates, keeping you in control. Every action is auditable.

icon house control

BankConnect allows you to keep control in house, so no need to outsource. Minimal reliance on IT departments, results in quick adaptation to the legal and tax environments.

All BankConnect solutions are customisable making them unique to your business

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