APAC CIO Outlook
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    Networking

    PropTech

    Remote Work

    Scheduling Software

    Simulation

    Startup

    Storage

    Wireless

  • Banking

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Healthcare

    Insurance

    Legal

    Manufacturing

    Pharma and Life Science

    Retail

    Travel and Hospitality

  • Atlassian

    CISCO

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Content Management System

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Enterprise Architecture

    Enterprise Communications

    Enterprise Contract Management

    ERP

    Field Service

    HR Technology

    IT Service Management

    Managed Services

    Procurement

    Product Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • Augmented Reality
    • Agile
    • Cognitive
    • Cyber Security
    • Digital Transformation
    • Atlassian
    • E-Commerce
    • Managed Services
    • RegTech
    • CISCO
    • Blockchain
    • IoT
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • Banking
    Editor's Pick (1 - 4 of 8)
    left
    Will Finance Automation Prove to be the Merger of the COO & CFO Roles?

    Amit Agrawal, Delivery Manager, NTT Data

    Asian Development Bank: Using Emerging Digital Technologies for the Common Good

    Shirin Hamid, CIO, & CTO, Asian Development Bank

    An In-depth Sight on Banking Technology

    Sandeep Khera, Chief Information Officer, XAC Bank

    Where was the Cloud when I was Younger?

    John Ferlito, Chief Technical Officer, Bulletproof

    Synergistic Opportunities for Banks and Fintech Companies

    Patrick Maes, CTO,

    Data Analytics: Bringing In A New Level Of Detail And Visibility

    David H. Robinson, SVP & Chief Information Officer, Lockton

    Demonstrating Business Value is Key To Success

    Mark Schlesinger, SVP & CIO, Broadridge

    Why Your Payments Strategy is the Key to Your Digital Future

    Tina Giorgio, President and CEO, ICBA Bancard

    right

    The Impact of BPM on Banking and Finance Sector

    By Apac CIO Outlook | Thursday, January 01, 1970
    Tweet

    Currently, the banking and financial sector is at the forefront of technology; the impact of business process management (BPM) can be witnessed in the development of AI solutions for the banking and financial industry. Automation has enabled the industry to replace several manual processes including the work of tellers.

    Automation has increased the efficiency of banks nationwide, but it is important to analyze the systematic approach to automation that allows the technology to operate and exist—a BPM system. The implementation of a BPM system allows the automation of most of the processes and touches every area of the banking and finance industry. It provides banks with a seamless understanding of the transactions from the initial stage till the end. This end-to-end assessment enables management to circumvent sub-optimization and optimize their existing operations for the customers easily.

    BPM not only helps in the regular developments at the procedural level but also manages all the aspects of internal monitoring such as dealing with compliance issues. The financial institutions utilizing a BPM system can monitor progress as well study their organization from an overview perspective. 

    The BPM system is often considered a vital element of the banking and finance industry not because of its end-to-end visibility but due to the support it offers in terms of operational intelligence. Using a BPM system can bridge the gap between information technology (IT) and business. There is no doubt that automation will have a noteworthy contribution to the business processes in the years to come.

    tag

    BPM

    Financial

    Information Technology

    Weekly Brief

    loading
    Top 10 Wireless Tech Companies - 2020
    ON THE DECK

    Wireless 2020

    Top Vendors

    Wireless 2019

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    How Cognitive Computing Transforms Healthcare?

    How Cognitive Computing Transforms Healthcare?

    How to Establish Effective Cybersecurity Leadership in Post-COVID Era?

    How to Establish Effective Cybersecurity Leadership in Post-COVID Era?

    Disrupted Employees and Cybersecurity Risks

    Disrupted Employees and Cybersecurity Risks

    The Importance of Cognitive Analytics in Business Growth

    The Importance of Cognitive Analytics in Business Growth

    Why AI is Vital in Microservices Testing Automation

    Why AI is Vital in Microservices Testing Automation

    Three Key Trends in Cybersecurity

    Three Key Trends in Cybersecurity

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/the-impact-of-bpm-on-banking-and-finance-sector-nwid-5032.html