MONETIZING CUSTOMERS OFFERINGS WITH A TOUCH OF TECHNOLOGY

BANKING AND FINANCIAL SERVICES

A multi-award-winning Global Digital Solutions Company, TransformHub offers customized financial software development solutions for the Banking and Financial Services (BFS) industry ensuring high ROI and secure processes.

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ENTRUSTING SECURITY EVERYTIME. MAKING BANK A TECH-SAVVY ORGANISATION.

Our digital solutions are aimed at making a shift from traditional banking to a digitalized model. This means a digital transformation in banking can make a big difference and is growing rapidly! We make an effort to change the way how banks and other financial institutions interact with their customers leading to ultimate satisfaction.

With our digital solutions, we understand customer behavior, preferences, and choices. If you are wondering what would be the need for digital transformation in banking and financial services? You will be surprised to know that digital transformation in banking services has become a need of an hour. In fact, the digital transformation seems to witness possible results in almost any industry or service.

Our chief motive is to shift the organization's focus from product-centric to a customer-centric view. On top of it, we assist banking organizations to retain customers. With digital transformation in financial services, it allows a financial institution to understand what customer actually wants. New and innovative technology adopted with the help of TransformHub allows banks to strengthen customer engagement by delivering personalized offerings.

We deliver differential solutions with our technical expertise and innovative delivery models, guaranteeing speed, and agility. TransformHub gives a solution to the topmost challenge and helps you with the complex digital transformation in banking and financial services. The right use of data in the right manner in the banking and financial sector will cater to all the challenges and make the progress effective.

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Our End-to-End Services for BFSI

To keep up with the update, and to outperform competitors, the financial and banking sector needs to adapt to the digital age sooner and not later! Our team uses the latest technology, such as AI, ML, IoT, and Blockchain, for developing user-friendly and secure financial apps. Each will integrate a seamless payment gateway and smart financial management. Basically, digital transformation in banking in India will meet consumer demand and match today’s fast pace change of innovation and technology. Digital transformation in BFSI will provide greater alignment between groups, teams, and quite satisfactory customer services. It will lead to the automation of major administrative tasks along with customized workflow, and the ability to tackle complex problems.

Digital Banking Platform

We offer solutions for developing secure and consumer-friendly banking applications for enhancing customer end service.

Loan Origination & Management Systems

We offer solutions facilitating instant loan approval, online KYC verification, and consumer eligibility check with up to date Insurance Claim Management.

FinTech

We offer customized FinTech solutions for better user engagement, custom reporting, and real-time data integration, broader organization transparency too.

eKYC Solutions

Capturing personal information such as Customer’s demographic details, KYC, service agency validation, and enabling the end-user complying KYC.

Digital Wallet Solution

Flexible and cost-effective solution for retail payments with open and closed-loop solutions for e-Wallet and Prepaid cards

Field Service Platform

The features and integrations that help customers improve asset uptime with optimized solutions finished with mobility applications.

Our Offerings

We offer a wide range of services for digital transformation in banking of all sizes by developing secure and customer-friendly banking applications and tech support for streamlining their operations.

Digital Transformation

360° Digital Banking

Managed Cloud Services

Harnessing Data on Cloud

Open API Initiatives

Create Multi-Channel Experience

Product Engineering

Products engineered to perfection

Our Solutions

Our solutions are devised with utmost perfection with the sole aim to enable financial institutions to enhance their customers’ digital banking operations and make it a seamless process for them. Digital transformation is unique for every company and sector, but there are ample of best practices available to kickstart the process!

AI-Enabled Solutions

Our AI-enabled financial solutions help financial organizations in decision making and improving user engagement.

Customized Solutions

Our custom services on the web and mobile platforms offer better custom reporting and real-time data integration.

custom CRM Solutions

We build Enterprise CRM systems for work-flow automation and reduce time-to-market

IoT Enabled Services

We build IoT-enabled services for different banking areas such as ATMs and lockers.

Frequently Asked Questions (FAQ)

Today's need in banking is, anytime, anywhere, at the comfort to do banking! This requires innovative, robust, tech-friendly, and secure along with a well-optimized solution that empowers technology to the core.

When adopting digital transformation in the banking and financial sector, one can understand what people want from them. Accordingly formulating financial services become pretty easier. It allows banking institutions to act upon the latest technology, trend, market and scape up their efforts with successful results. Only if the institution can cater and upgrade itself, it will be able to meet up the new age customer's expectations. People's perception has changed over time and they seek comfort, online methods to seek services.

Shaping financial and banking institutions accordingly can help them build trust in the people's eye. Over the last couple of years, digital transformation has been upgrading the BFSI sector globally. It has broadened the reach and engagement of customers on a broader scale through social apps and integrated channels.

Data analytics is the key player in the digital transformation of the banking and financial sector. Allowing them to better understand customers, their journey and reduce cost on business operation.

Advanced analytics have helped organizations anticipate many services and shape the customer's journey accordingly. Surprisingly, digital transformation in BFSI is not just upgrading the current system to be faster, but reimagine the possibilities for customers to view these services.

Digital transformation is passing through the financial industry and is doing a lot of benefits too. Just like any other organization, even banks need to meet customer expectations and when they are embracing technology, people prefer them more.
There are 5 keys to a successful digital transformation in banking.

  1. Banks need to make a cultural shift, motivating the entire team to shift from the C level down

  2. Banks and financial institutes are requiring to learn from their failures as well as the success of other organizations and try to transform accordingly

  3. The transition needs to be worked upon to agile methodology that goes beyond simple IT

  4. Banks and the financial sector need to work strongly on emphasizing customers and making the experience better by working on touchpoints

  5. If there is a skill gap internally, it needs to be sorted with digital learning and practices through the training given to the employees

PROS: Technology has transformed the way business is operating in today's time. Remote access to any information of the company online has allowed the employee to work at the comfort and operate 24x7. Even the simple moving from manual to paperwork to digital was unimaginable but now possible. Sophisticated technology has evolved changing the way the financial and banking sector provides comfort and greater services to the customer.

CONS: Adoption of new software and resistance to change is a very common problem. Upgrading to technology requires skill and the organization lacks skill and trained staff. Training and software licenses can be a bit costly for small-scale financial companies. Moving from manual paperwork to automated tasks can be too time-consuming and costly.

 

CONTACT US

We are always open for a Discussion

Wondering where to get your forthcoming project worked upon. We are just a call or message away. Take a moment to fill in your details, and we will get in touch with you.

+65 84489155

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info@transformhub.com

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