For many financial institutions, the rapid pace of innovation, coupled with geographic expansion, has resulted in many new back-office, mid-office, and front-office business processes. These processes are often at the heart of the enterprise and are the basis for what differentiates one financial services institution from another.
Outdated information systems prevent financial institutions from offering targeted and differentiated products on a timely basis. In a day and age when it is essential for companies to quickly launch targeted products in order to remain competitive, rigid business processes and outdated systems hold them back. The promise of greater efficiency, business visibility, and agility in process management is driving many financial services organizations to invest in BPM software. Interest in BPM is increasing rapidly, with organizations moving their focus from lower infrastructure layers to higher layers of abstraction.
Download this white paper to learn more about process-centric banking: the promise of BPM technology for financial services institutions.