Signavio launches new business transformation suite for financial institutions

As banks and financial institutions are scrambling to update their offerings to the new digital era, Signavio launches new tools to help them out.

The FinTech company has launched a new business transformation suite for banking and financial services, designed to help finance-focused organizations transform their operations through modern process management.

Signavio’s new tools leverages business process management and process mining to help companies understand and redesign processes with a customer.

It argues that this will enable banks to quickly improve processes, boost compliancy and save more money, among other things.

“The data-driven, results-oriented nature of the financial services market makes it a prime candidate for process improvements,” said Mark Elkin, global head of solution consulting at Signavio. “These organizations possess immense potential found in the hidden knowledge within their operations. Signavio helps capitalize on these broader sources of value that can have tremendous productivity and financial gains for these organizations.”

The news comes as banks like HSBC, TSB Bank, Deutsche Bank and Commerzbank have all made employees redundant and invested in technology to modernize their services over the past year.

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