Nowadays, banks require clear focus on service quality, speed and agility in order to address threats from new digital competitors and rapidly growing customer expectations. Workflow management and BPM technology helps banks a lot with staying competitive thanks to driving employee productivity, leading to effective working relationships and fueling bank’s digital transformation. BPM tools will play a key role in digital banking success during the years ahead.
Workflow management software by CMW Lab is designed to empower non-technical bank executives for full control over ongoing business innovation initiatives, including rolling out new online banking services, customer onboarding automation, robust decision making in retail lending, and more. Easily design end-to-end bank service process, set up necessary business rules, store and manage related documents as well as collaborate across the involved departments and countless vendors, and ensure an optimal experience to customers. Besides, cross-compatible workflow software can be easily integrated with the current legacy systems in order to orchestrate complex approval processes, accelerate decision making and make sure that your bank has a greater chance of overcoming common financial industry challenges.
Have a new, automated approval process up and running within days, not months.
Get advantage of on-the-fly changes to request-forms and automated digital banking workflows:
Easily design digital banking forms and standardize request preparation:
Improve team communication and collaboration thanks to a single digital banking environment for employees, automated workflows, documents and knowledge.
What is digital banking? — bank executives and fintech experts still don’t have a well-established answer to the question. The most common digital banking definition is that it is the digitization of all the traditional banking activities and programs services.
The first trend to mention is rapid digital banking growth. Meanwhile, it’s important to keep in mind that digital transformation in banking — the shift from traditional to digital banking — is a gradual process.
Here we come to one more digital banking trend. Every bank passes unique degrees of banking service digitization before it becomes a digital bank — those with no physical presence — or modern bank with digitalized back-office operations and adapted to online channels banking experiences.
When diving into digital transformation in banking it is vital to take into account that consumers increasingly willing banks to switch for digital features and quicker banking services, and banks can no longer wait to invest in digital transformation. It’s time to start the ongoing bank digitalization process and make sure that technology you choose supports business innovation initiatives when being compatible with IT systems currently in use in a bank.
In Cloud & On-premise
CMW Lab® provides both on-premise and in Cloud deployment options. Besides, flexible transition between cloud-based workflow solution and on-premise one can be rolled out if needed. Deployment options
API and Integrations
CMW Lab provides wide workflow integration capabilities.Take advantage of bidirectional integration scenarios, s support for both fine grained, and bulk export operations – all available through Web Services open API’s and built-in enterprise services. Integration capabilities
Run your workflow seamlessly on your desktop computer, iOS and Android phone or tablet and enjoy fully consistent user experience.