The urgency to digitize financial services offerings throughout the entire client lifecycle from origination, to onboarding, self-servicing, and back office operations has become an imperative for institutions to survive in today's market.

To solve these digitization challenges, institutions need software platforms that improve experiences, lower cost> improve business agility, and increase speed to market.

The Mendix platform allows banks to build out digital ecosystems using composable, reusable components. All this comes at much faster speed and lower resource cost than traditional application coding and development.

CUSTOMER ONBOARDING
Banking clients have used Mendix to improve their customer onboarding, and Mendix Financial Services now offers the Customer Onboarding solution template. This template gives your business an intuitive, easy-to- deploy accelerator that helps you quickly add process automation to this critical banking workflow.

• Solution Capabilities: Portal: Example of a secured customer facing portal
• Docusign: Digitally sign documents required for onboarding
• Experian: Perform credit checks on new customers

NATIVE BANKING APP
Mendix's Native Banking App solution template provides key features that act as a kickstart for your development process. Biometrics, account views, transfers, interfaces to credit cards, and chatbot access are all there from the start. Add your institution's branding and workflows to make it unique to you.
Solution Capabilities: 

• Native: This native customer banking app allows customers to view their accounts, transfer money and split bills
• Chatbot: Leverage AWS Lex to provide 24/7 customer support
• Dark Mode: The app allows users to access the banking app using dark or light mode

LOAN ORIGINATION
The Mendix Loan Origination solution template allows your organization to take control of this critical experience. Customers can select their loan, enter information, upload all documents, and apply directly within the app. No extra systems, no barriers.
Solution Capabilities: 

• Workflow: Loan application approval workflow
• Experian: Perform credit checks on new customers
• Affordability: Intuitive and flexible loan affordability calculator

Accelerate Banking Innovation with Mendix's Low-Code Revolution! Embrace the digital era and revolutionize your financial services offerings from origination to back-office operations. @mendixinc empowers banks to build digital ecosystems with speed and efficiency, ensuring success in today's competitive market.

For more information about Accelerate Banking Innovation with Mendix's Low-Code Revolution email us at marketing.communication@infracom-tech.com 

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Written By : Marketing Communication ICT | Published : 25/Jul/2023