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eBusiness Portfolio
Financial Institutions
Needs of Financial Institutions:
Banks and credits unions are all feeling the need to be more competitive, to refine their niches, to increase revenues and hold down expenses – no surprises there! Aside from the top tier banks (who have their own sets of problems), most banks operate with a diverse combination of unconnected systems. As a result, they feel pain – they can’t get the numbers they need to make smart decisions.
These factors and pressures are compounded with financial institutions in the mergers and acquisition arena.
Checking for real-time pain: Ask the bank officer, “Can you get the following information within 30 seconds?”
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List of customers who use which of your many banking products and services?
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Which customers are the best targets for which new or existing products?
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What businesses within a 10 mile radius of your bank are not customers?
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Etc. … the list goes on and on.
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Integrating Banking Systems
Core, SFA, ATM, Internet Banking, Commercial Cash Management, Loan Origination, Customer Information Files, CRM, Insurance, Mortgages, Credit Cards, Safe Deposit, Certificates of Deposit
When these systems are integrated, bankers have a more complete perspective on their business operations. Not all systems need to be integrated at once. Many will proceed in a step-by-step manner, starting with integrating systems that will give the most immediate potential to earn more revenues from existing customers.
ArchWing has a strong track record of enterprise-wide data integration projects, which is exactly what banks need. Integrating existing databases and providing a uniform interface, complete with essential report generation is our core strength. ArchWing also brings a host of web services to clients, as well as out general IT consulting services.
A smart bank will have a plan to eventually integrate all of its systems. This can result in a unified data warehouse that allows banks to move forward with smart decisions based on analysis of its many product lines, customer usage, etc.
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