Preparing organisations for disruptive technologies and putting the focus on the end consumer
Financial services providers are still managing too many processes manually. The day-to-day work of established companies is heavily determined by the requirement to meet compliance guidelines. This leaves little time to develop innovative digital services with a focus on the needs of end consumers.
Meanwhile, competing FinTech companies have an agile infrastructure, they are strongly customer-oriented and meet the requirements of future-driven technologies such as paperless processes.
Agility, a prerequisite for success
With the help of Cloud services, traditional financial services providers can achieve a level of agility that enables straightforward collaboration with their stakeholders and other organisations. On that basis they can develop new business models to cooperate, for example, with FinTechs. In addition, agile Cloud services bring them forward in their digital development – fast and continuously – and create the necessary framework conditions for the crucial implementation of disruptive technologies such as artificial intelligence or blockchain.
Improving competitiveness with the Cloud
Cloud solutions are comparatively inexpensive, always available and instantly ready for use. Certified European Cloud services such as the Fabasoft Cloud automate and accelerate internal processes that were previously highly bureaucratic, such as reports on suspicions of money laundering, motions for board meetings or the simple process of obtaining an internal release.
The Fabasoft Cloud is available as a Public Cloud service as well as a Private Cloud appliance. Important apps for boundless digital records management are instantly available. The Fabasoft Private Cloud appliance is ready for use within a short period of time and allows for agile further development. The appliance’s easy scalability enables solutions that are required to succeed in the digital transformation process.
Use cases for the financial services industry
Synchronising, collaborating and sharing documents with external persons and employees across different locations
Modeling, automating, accelerating and managing processes in an easy and legally compliant manner
Developing new and innovative digital services together with Fabasoft
Protecting sensitive customer data with the highest certified standards of security (EU-GDPR)
Providing documentation for management regardless of their location via laptop, tablet or smartphone
Benefits of the Fabasoft Cloud
- Local data storage at a data centre in the DACH region or at the customer’s data centre
- Certified European security standards – fit for EU-GDPR
- Meeting compliance guidelines through tamper-proof archiving (IDW PS 880 certification)
- Boundless records management – regardless of the location and fully traceable
- Agile development of solutions with Private Public Cloud services
- Increased productivity thanks to time savings in internal processes
- Support – personal, quick, qualified and guaranteed
References from the financial services sector
”Thanks to the Fabasoft Cloud, the time-consuming process of assembling and transporting paperwork now belongs to the past. In combination with the Cloud, tablets and smartphones have become efficient business tools.”
KR Mag. Gerald Wenzel
“We have digitised the processes of our internal administration with the Fabasoft Cloud across the boundaries of our locations and are now saving more than half of the time required for processing.“
Claudia Erlinger, B.A.
Head of Administration and IT
Fabasoft products for this vertical solution
Digital transformation of your business processes – boundless collaboration with customers and partners
Enterprise File Sync & Share Appliance for the secure mobility of your company data - at your own data centre or managed by Fabasoft
Encryption Appliance with genuine end-to-end encryption - decryption takes place on the end device
Document management in the cloud
Österreichische Volksbanken AG has implemented the Fabasoft Cloud to make meeting documentation available to the management. On their iPads, the management board always and everywhere has secure access to all documents.
50 percent of time savings in internal administration
APK has achieved more than 50 percent of time savings in internal administration using the Fabasoft Cloud.