Financial Services & Banking
Transforming Financial Services & Banking Industry
In 2016, there was a continuing shift within financial institutions towards a mobile-centric approach as the mobility aspect of this channel quickly became the primary means of interaction between consumers and firms. These days both consumers and retailer are expecting to receive full digital experience from their financial institutions.
Many firms are struggling to transform digitally even as their future depends on it. With the help of technology advancement, your firm has the growth potential with Big Data and Analytics, IoT Development, Blockchain and Artificial Intelligence.
Our Digital Transformation Solution
Building a strong mobile offering can help reinforce a positive relationship with clients, especially with the younger, more tech-focused Millennials. As a result, mobile finance apps continue to evolve to provide consumers with the information they want, when they want it. Financial service firms continued to improve and refine their smartphone capabilities and becoming more innovative in providing mobile solutions to their end-users. A key challenge faced for finance and banking sector in terms of introducing enterprise mobility are issues such as security and data representation, that is simple and in scaled-down format. App Maisters creates customized and secure mobile workflow for Financial Services and Banking Industry to increase their efficiency, reduce cost and improve customer service whilst ensuring that app remains reliable and compliant.
IoT has picked up a staggering speed— specifically changing the ways in which enterprise businesses and consumers function. The connectivity of devices reaps great benefits for businesses as the network devices provide vast about of data and these data results opens up new insights, business models, and revenue streams. In addition to this, the insights gained from them can in turn give rise new services that can complement the conventional product within Financial service industry. Not only that, ATMs, information kiosks in bank branches and credit/debit cards that may use sensing technology to monitor and take action on the end-user’s behalf. App Maisters will work with you to learn about your custom app need and ensure that your company gets just want they need to run efficiently.
With the help of ample data, firms are increasingly being able to extract meaningful information to make better business decisions and forecasting for the future. In order to convert data into insights, firms must overcome data stacks in silos, different formatting of data/information and privacy concerns. Firms should also be preparing data for Artificial Intelligence, making it priority to label the vast amount of data – sourcing, organizing and curating unstructured data.
App Maisters combines Business Domain, Analytics and Artificial Intelligence experts that use new techniques to provide customize application that fit your business needs. Have a look at some of the work we have done for clients within this technology advancement:
App Maisters provides seamless digital banking solution – bridging between the physical banking experiences to the digital. From core banking systems to providing omni-channel experience, we deliver transformative solutions to financial and banking institutions of any size without comprising on agility, security, or flexibility.
As Digital Transformation remains the top priority for many institutions, App Maisters keeps at pace with fintech innovation to develop time-to-value banking applications that offers your customers an exceptional mobile banking across any devices- anytime, anywhere.
Providing a simplified and speed-up the mortgage and loan experiences with automatic data gathering, contextual alerts, single sign-on, eSignature, electronic documents, predictive Artificial Intelligence and Analytics.
App Maisters provide solutions for easy onboarding of new customers across multiple channels. With tools and technologies that allow automatic form-filling, ability to complete application process seamlessly and built-in analytics to analyze the reasons behind the rate of abandonment.
With Digital Wallets solutions, consumers are able to make quick, simple and secure digital payments across devices and channels – enabling them to shop anywhere that they want, online, in-store or in-app. Additionally, we can help integrate with other wallet services and payment providers that can help enhance the value and utility of the service providers eco-system.
Companies can distribute data or software faster than ever before. The cloud allows for greater scalability, meaning a network can more easily be adjusted for larger or smaller amounts of users. And several security measures are well-suited to systems rooted in the cloud.
Multi-layered security is possible within the cloud, helping to defend against many common attack vectors such as distributed denial of service (DDoS) attacks. It also provides a way for companies to isolate portions of their network so that less data will be compromised in the event of a breach.
Data must be protected both while it lies dormant in the cloud and while it is in transit to other systems. While larger, more publicized hacks often involve dormant data, it’s even easier for an attacker to intercept information while it is in-transit.
App Maisters understands these issues and complies with all 288 required PCI DSS controls. Use of our financial services will be the safest transaction you’ve ever made.
