Banking

In the fast-paced banking industry, the demand for innovation is relentless. Banks are tasked with keeping up with customer needs, strict regulations, and tech trends. Low-code proves to be an ideal solution, providing straightforward application development & deployment, which through governance by design maintains the highest levels of security.

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AppFactory for Banking Operations: Empowering Banks with Low-Code Enablement

The AppFactory, powered by Mendix technology, equips banks with the tools to independently manage and accelerate their IT innovation projects. This approach, as demonstrated in the European Central Bank (ECB) case, allows banks to establish their own teams and develop their own low-code building blocks, enhancing their ability to respond to changing needs. The benefits of the AppFactory concept include:

  • Increased Control: Banks gain a higher degree of control over their IT innovation projects, enabling quick responses to changing market demands and regulatory requirements. This approach fosters a sense of self-reliance and agility, reducing dependence on external parties.‍
  • Enhanced Efficiency: The AppFactory accelerates the processes surrounding IT innovation projects, this allows for example the ECB to kickstart IT innovation projects by themselves through citizen development. It removes (part of) the boundary between the business and IT and simplifies the process of turning ideas into solutions.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled
  • after a class is added to the rich text element using the "When inside of" nested selector system.
  • A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing.

Efficient Workforce Automation for Customer Service

Integrate different systems and move various tasks in banking customer service to self-service, eliminating the need for manual data entry. This not only boosts the productivity of customer service representatives but also minimizes errors, leading to improved customer satisfaction. The benefits include:

  • Productivity Boost: Automation cuts down manual work, increasing speed and reducing errors in customer service operations.
  • Customer Satisfaction: By minimizing errors and enhancing productivity, banks can deliver superior customer service, fostering customer satisfaction and loyalty.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled
  • after a class is added to the rich text element using the "When inside of" nested selector system.
  • A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing.

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Native Banking Applications for Smooth Customer Onboarding

Leverage low-code to develop native banking applications that simplify the customer onboarding process. These applications can automate tasks like data collection, verification, and account setup, offering a smooth experience for customers. The advantages are:

  • Customer Satisfaction: Automation of onboarding tasks provides a seamless experience for customers, boosting their satisfaction and loyalty.
  • Operational Efficiency: Next to that, automating the onboarding process cuts down manual work, leading to improved operational efficiency.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled
  • after a class is added to the rich text element using the "When inside of" nested selector system.
  • A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing.

Legacy Software and Applications Modernization

Legacy systems in banking can be a bottleneck due to their outdated architecture and lack of flexibility. Low-code platforms offer a modern, adaptable, and cost-effective solution to revamp these systems, integrating them seamlessly with cutting-edge technologies. The modernization process results in:

  • Efficiency Improvement: Modernizing legacy systems can reduce downtime and errors, enhancing operational efficiency and allowing banks to respond more quickly to changing market demands.
  • Increase Functionality: By creating a layer on top of legacy systems, you can connect and expand functionalities. This is achieved through the use of low-code apps that form a customized layer around a legacy system, eliminating the need for complex and time-consuming changes to legacy systems.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

  • Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled
  • after a class is added to the rich text element using the "When inside of" nested selector system.
  • A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing.

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