WebRatio for the Financial Services Industry
The
financial services industry is one of the areas in which there is a pronounced gap between business and IT.
Paradoxically, there is a strong demand for innovation while at the same time high levels of regulation and standardization exist, two naturally opposing forces in the market.
The gap between business and IT becomes more evident if we compare the needs of
business leaders on the one hand and the company mandates entrusted to the
IT department on the other.
Business leaders from all business units expect:
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to have at their immediate disposal business applications that support new business opportunities such as:
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new channels to reach clients: self-services online, mobile banking, etc;
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the ability to offer stimulating up-to-the-minute client services;
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personalized financial services that, at the same time, reduce management costs;
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the possibility to extend their services to other countries
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applications that evolve over time to support internal organizational procedures, reduce management costs, and improve efficiency
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to stay aligned with the ever-changing strict regulations of the sector, while continually growing and evolving, working to reduce to a minimum the cost of adaptation, both organizational and infrastructural
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to have access to their corporate applications, including core applications.
The IT department, however, has its own internal standard policies, procedures, and restrictions regarding safety, internal controls, security, quality, and costs.
Thus, on the one hand, IT has to respond quickly and correctly to business demands, but on the other hand, it also has to respond to other needs, such as:
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paying constant attention to costs and possible budget reductions;
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maintaining high quality standards;
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developing applications that conform perfectly to corporate rules and that are perfectly compatible with the adopted infrastructure and architecture;
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keeping risks under control and guaranteeing rigorous levels of security;
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developing a robust application lifecycle management policy, closely scrutinizing the applications in all phases of development, testing, and execution, and carefully managing application versioning;
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renewing applications in a gradual and “layered” manner, adding new applications to the existing consolidated legacy systems (Host, AS400, Oracle, etc.) and migrating towards lighter and distributed architectures: SOA, WOA, Cloud, etc.
Where the gap exists WebRatio enters the scene.
The necessity for the IT department to adopt a quick and agile application development process while guaranteeing conformity to corporate standards and simultaneously reducing development and maintenance costs makes WebRatio a must-have solution for companies operating in the Financial Services industry.
Customer References
Among the financial services companies that are currently using WebRatio to build their custom enterprise applications are:
Unicredit Leasing ,
Cim Italia Spa and
Cross Factor and others among the top 20 companies in Italy.
Testimonial
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"Maturing our use of the product over time, we are now in a position to approach projects of an increasingly complex nature; the trust on the part of our clients is strengthened because we always succeed, inside established timelines, to deliver applications in line with their expectations."
"The problems experienced by banks in this period of crisis render flexibility, rapidity, and excellency necessary. We need to move towards processes and SOA and it is in this area that WebRatio is the ideal tool. WebRatio deploys rapidly with lower costs and less time to market a fundamental necessity to be competitive"
"The company is animated by a clear vision; the people at WebRatio participate in the most important international conferences to speak about innovation and the future of software development; this renders me proud to be Italian and proud to rely on Italian technology."
Stefano Borelli
ICT Director at UniCredit Tiriac Bank
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Examples of Implemented Solutions
Leading companies in the Financial Services industry have used WebRatio to build a broad set of applications that serve many different business units. Here are some examples.
Relationship with customers
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Systems for executing, monitoring and optimizing all the business processes managed by the customer call-centre
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Systems for publishing and comparing online the bank offering
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Online quotations management systems used by operators at the bank office and by brokers and external agencies
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Systems for executing, monitoring and optimizing all the business processes dedicated to debt collecting
Corporate
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Systems for executing, monitoring and optimizing all the end-to-end business processes related to a leasing company: quotations, asset management, bills, payments, accountability, etc.
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Information systems for managing, sharing and reporting data about security
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Systems for customer credit worthiness evaluation
Payment and transactions management
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Systems for managing SEPA transactions
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Systems for managing international bank transfers
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Systems for managing the exchange of cash between banks in a cooperative
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Systems for managing the transactions generated by the credit card circuit
White Paper
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