Banking 2013
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Transcript of Banking 2013
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Turbo charge your Banking BusinessSMART Banking . SMARTER Customers . SMARTEST Processes
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SMART Banking . SMARTER Customers . SMARTEST Processes
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Smarter Bank is differentiated on the outside, which makes it agile in the market place.
Profitability & Growth
Smarter Bank is simplified on the inside, which means it has a simpler operating model.
Governance, Risk and Compliance Framework
Smarter bank uses ease of execution to deliver excellence and efficiency.
Customer Centricity & Communication
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3Who moved my cheese andHow to get it back
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Top Concerns For Banks
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Improve process quality leading to efficient
operations and Predictable Outcomes
Improve Customer Experience leading to better retention and
market share
Engender Continuous Process Improvement leading to productivity
enhancement
Improve Business Agility resulting in
responsiveness and change management
Optimization leading to greater competitiveness
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5Real issues are somewhere else
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6The Back Office Black Hole
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7Blind Spots and Accountability Gaps
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8The Iceberg Phenomenon
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9Visibility. Accountability. Adaptability
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Business Insights/KPIs Operational Reports
BA
M/
DA
SHB
OA
RD
S
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Birds of a feather, flock together
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Automation Simplifies Processes to Amplify their Outcomes
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Banks cant afford to miss the opportunity to Automate NOW
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Industry Frameworks and Solution Accelerators
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Banking Framework Key Processes Automated
Retail
A/c Opening & Maintenance
Term Deposit Services
Customer Services
Customer Request Mgmt
Locker/Custodial Services
Payment & Settlement
Fund Transfer & Remittance
Forex Operations
PDC Operations
Interest/Dividend Warrants
Inward & Outward Clearing
Lending & Mortgage
Loan Originating
Loan Underwriting
Loan Servicing
Early Warning System
Collection & Disputes
OrganisationalCorporate/ Commercial Credit Card & Third Party
LC Issuance & Amendment
Bills of Exchange
Shipment Credit
Bank Guarantee
Commercial Loans
Corp Term Loans/Limits
Audit/OR Management
Contracts Management
Corporate Finance
Asset Management
HR Processes
Wealth Management & Depository
Security Trading
Credit Card Issuance
Credit Card Servicing
Bancassuance
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Is Your Bank Up To Speed?
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20230% ROI in 1 Year
Drive Revenue Growth
Improve Customer Experience
Enhance Operational Efficiency
CSAT scores improved by 7 Points
Turn around Time reduced by 70%
Always one step aheadThats where we keep our clients
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But Banks Still Struggle To Automate Untamed Business Processes
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Financial Service Frameworks
Revenue Growth Customer ExperienceOperational Risk and
Efficiency
Ret
ail
Len
din
g
We
alth
Car
d
Co
mm
erci
al
Def
ault
Man
agem
ent
Secu
riti
es
Ch
eck
s
Issu
er
Acq
uir
er
Co
llect
ion
s
Co
mm
erci
al
Customer Onboarding
Know your Customer
Up Selling/Cross Selling
Unified Process Automation Framework (UPAF)
Paym
ents
Branch Centralization
and Automation
Mobile Capture
Compliance - FATCA
Corporate Credit
Request Management and
Query Management
Customer Communication
Management
Imaging Document Management SystemBusiness Process
ManagementCustomer Communication
Management
"The BPM solution, OmniFlow Suite, from Newgen has enabled us to centralize a large number of our processes, resulting in leaner and efficient branches.
Branches have been able to focus on sales while the processing activities are moved to centralized back office in Mumbai. The Turn Around Time (TAT) has been
significantly reduced, leading to better customer experience., Deutsche Bank
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Why Newgen
Newgen is a BANKING BPM company which combines advantages and discards disadvantages of a financial technology player (Domain + templates rigidity) and generic technology player (Agile framework long build time high cost of ownership)
QUICK STARTAT LOW COST
MADE TO ORDEREASY TO CHANGE
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An important key for the day
Some Recommendations
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Rome was not build in a day
Slow Trigger, Fast Bullet
Driving Transformation through Process Automation
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How do I educate my peers on what we need to do?
How can I engage re-using your implementations/assets?
How can we create business case and identify processes?
How do we build process/technical resources?
Where do I start?
Birds of a Feather Networking - How do we Engage?
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Introducing BPM Test Drive
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Together we Win
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Finite players play within boundaries
Infinite players play with boundaries
- James Carse
Happy Holidays!