Digital future
Financial Services
are at the
Forefront of Digital
Transformation
As leading businesses in financial services look to rebuild their IT foundations to respond more quickly to changing market dynamics, fend off new fintech competitors, and build stronger customer loyalty, digital engineering has emerged as the key enabler:
Customers PreferOMNI-
CHANNELinteractions
Open
regulations are driving changes to business models which require greater operational agility and efficiency
78%
of retail banks expect to increase their investment in AI, ML and advanced analytics over the next two years
68%
of retail banks believe IoT will be the digital technology with the greatest impact on banking over the next 12 months
27%Per year
growth rate, through 2024, of global mobile payments
Fintechscontinue to disrupt
with more modern digital alternatives to incumbent offerings
“Digital banking services vendors increasingly require the capabilities to deliver professional services, cloud migration, and BPaaS in the rapidly changing digital banking operations market. Based on a rigorous assessment of the market, in our view Apexon is a “Leader” in supporting new digital banking business models, an “Innovator” in professional services, and a “Major Player” in SaaS delivery. Overall, we concluded Apexon should be regarded as a Major Player.”
NelsonHall’s NEAT Vendor Evaluation for Digital Banking Services Report | Mar, 2020
Andy EfstathiouBanking Sourcing Research Director
ACCELERATING DIGITAL FOR LEADING BANKS, INSURERS AND FINTECH’S (BFSI)
Apexon works across the financial services spectrum to help market leaders and emerging startups leverage digital to deliver new products and services, tailor customer experiences, add new revenue channels, and enhance customer loyalty.
Retail Banking
Digital Payment Services
Business Banking
Investment Banking
FinTech
Auto Finance
Apexon is Solving Financial Services’ Most Difficult Digital Challenges
MULTI-CHANNEL ENABLEMENT INCLUDING CX
MOBILE PAYMENTS & DIGITAL WALLETS
Regulatory Compliance
CROSS-BORDER FINANCIAL SERVICES
AI-POWERED ACCOUNT ANALYSIS
CUSTOMER SERVICE CHATBOTS
BIOMETRICS SECURITY
CLAIMS MANAGEMENT AUTOMATION
Blockchain
Contactless Payments
BFSI Success Stories
Apexon developed a unique digital platform to serve all CD information needs
Apexon speeds time to market by modernizing software delivery
Apexon streamlines digital QE environments, reduces resource requirements
Apexon developed an end-to-end mobile development platform with partner Kony
FAQ’s – Digital Banking and Financial Services
Data and Analytics in the BFSI (Banking, Financial Services, and Insurance) industry is used to analyse customer behaviour, predict trends, and manage risks effectively.
Digital investment banking encompasses the utilization of digital platforms and technologies to deliver traditional investment banking services, like capital raising and financial advisory, in a more efficient and accessible manner. By leveraging online platforms, automation, and data analytics, digital investment banking enhances processes, reduces costs, and facilitates quicker decision-making in the realm of financial transactions.
Machine learning is used in banking, fin-tech, and investment for tasks such as fraud detection, credit scoring, and personalized customer recommendations. For instance, banks utilize machine learning algorithms to analyze transaction patterns and identify potentially fraudulent activities, while investment firms employ these technologies to forecast market trends and optimize investment portfolios.
- Robo-advisors: Automated investment platforms that use algorithms to provide financial advice and manage investment portfolios.
- Mobile banking apps: Applications that allow users to access banking services, transfer funds, pay bills, and manage accounts from their smartphones or tablets.
- Peer-to-peer lending platforms: Online platforms that connect borrowers with individual investors, bypassing traditional financial institutions.
- Block-chain-based payment systems: Decentralized systems that enable secure and transparent peer-to-peer transactions without the need for intermediaries.
- Automated trading algorithms: Computer programs that execute trades based on predefined criteria and market conditions, reducing the need for human intervention in trading processes.
- Crowdfunding platforms: Online platforms that allow individuals and businesses to raise funds from a large number of investors or donors for projects or ventures.
- Digital wallets: Electronic wallets that store payment information and allow users to make transactions securely using their mobile devices.
- Artificial intelligence-based fraud detection: AI algorithms that analyze transaction data to identify suspicious patterns and prevent fraudulent activities in financial transactions.
- Online mortgage and loan platforms: Platforms that streamline the mortgage and loan application processes, allowing borrowers to apply for loans, compare rates, and receive approvals online.
- Personal finance management apps: Applications that help users track their spending, create budgets, and manage their finances more effectively through features like expense categorization and financial goal setting.