Own the competitive space in the Financial services industry

Banking overview

In banking industry, permanent and fast access to customer data has a major impact on marketing activities, new products / services development and on the way these services are delivered to the customer.

Industry Challenges

70%

of banks report struggling with managing large volumes of structured and unstructured data, which hampers decision-making and operational efficiency

45%

of banks still rely on outdated legacy systems, making it difficult to integrate new technologies and increasing maintenance costs

60%

of banking customers expect seamless and fast service, particularly in areas like claims processing and document access

Opportunities and Benefits

50%

of companies have seen an improvement in compliance management through document automation

40%

of financial institutions report enhanced productivity due to digital transformation initiatives

PAINS AND TRENDS OF THE INDUSTRY

Navigating Complex Challenges and Embracing Digital Transformation in the Banking Sector

Pains:

  • Data Management Challenges: Banks struggle with managing large volumes of structured and unstructured data, which can impede decision-making and operational efficiency.
  • Outdated Legacy Systems: Many banks still rely on outdated systems, which are costly to maintain and difficult to integrate with new technologies.
  • Customer Expectations: There is increasing pressure to provide seamless and fast customer service, particularly in areas like claims processing and document access.
  • Regulatory Compliance: Banks face complex and stringent regulatory requirements, making compliance management a significant challenge.
  • Security Concerns: Protecting sensitive data from cyber threats while ensuring compliance with privacy regulations remains a top priority.
  • Adaptation to Remote Work: The shift to remote work has exposed the limitations of paper-based processes and highlighted the need for robust digital solutions

Trends:

  • Digital Transformation: Banks are increasingly adopting digital technologies to stay competitive and meet evolving customer needs.
  • Automation and AI: The use of AI and automation is growing, helping banks reduce costs and improve efficiency.
  • Cloud Adoption: More banks are moving to cloud-based solutions for greater flexibility and scalability.
  • Enhanced Data Analytics: Leveraging advanced data analytics for better decision-making and customer insights is becoming more common

OUR SOLUTION

Solving the pain points of the banking industry

SEAL is a next generation software solution for AI and metadata-driven content efficiency and compliance, an enterprise-grade, low-code digital process automation platform, covering both productivity and cost-cutting related use cases (moving to digital, paperless processes, automation) and compliance and risk reduction related use cases (unified information governance, compliance with GDPR and other regulatory).

SEAL is designed to address critical pains and align with the key trends in the banking industry by offering a comprehensive suite of features tailored to the unique needs of financial institutions.

  • Cost-effective Data Management: SEAL consolidates unstructured content from multiple sources into a centralized repository, simplifying data management and enhancing accessibility. This approach helps banks organize and access their data more efficiently
  • IT Modernization - Legacy System Replacement: SEAL replaces outdated ECM applications with modern, metadata-driven platforms, reducing maintenance costs and improving system performance and resiliency.
  • Automation and AI Integration: SEAL incorporates AI-driven content understanding, extraction and insights and low-code automation to streamline business processes and enhance operational efficiency
  • Migration to Cloud and Integration: Seamless integration with object stores and hybrid cloud environments ensures that SEAL provides flexible and scalable solutions that meet modern business needs.
  • Customer Service Enhancement: SEAL enables faster and more secure document access, enhancing customer service capabilities and supporting quicker processing times.
  • Improved Regulatory Compliance: SEAL offers advanced records management features and policy-based content lifecycle enforcement, helping banks maintain compliance with regulatory requirements
  • Security: With robust security measures, SEAL protects sensitive data and ensures compliance with data privacy regulations.
  • Support for Remote Work: SEAL facilitates digital transformation initiatives, enabling remote work capabilities by digitizing and automating paper-based processes.

 

By leveraging SEAL, banks can navigate the complexities of digital transformation, improve operational efficiency, and maintain compliance, all while reducing costs and enhancing customer satisfaction.

See how your industry peers are using SEAL

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Content Modernization and Digital Mailroom for the Insurance Industry

Global Insurance player

Assets in 70+ countries worldwide

100.000+ employees

70M+ customers worldwide


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02

Content Management Modernization and System of Records in the Insurance industry

Nationale-Nederlanden is one of the largest insurance and asset management companies in the Netherlands and in Europe

Insurance has seen a significant rise in the use of digital evidence for insurance claims

New on-line services mean companies must adapt quickly to survive

All data is subject to GDPR compliance


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Delivery models

SEAL is not just great but it is also very adaptable to your needs. Chose to use it in your location or access it via cloud with 0 initial costs.

On-Premises (local install)

If you would like to purchase the licenses andsimply install them on your hardware, we are here to help, contact us for your special quote.

On-Demand (EU Cloud)

Choose SEAL delivered from our European Data Center located in Bucharest, RO and have local performance and data stored in EU.

On-Demand (Global Cloud)

Choose SEAL delivered from Microsoft Azure and have global reach and multi-site distributed data centers around the world.