Migrating to the cloud is a global trend that is being followed by a growing number of companies. However, there are still some industries that are afraid of implementing this innovation. One of them is the financial sector, which approaches the digital transformation with a great deal of caution, mainly due to its high security requirements regarding the storage and processing of large amounts of sensitive data.
The highest level of security
projects in this area come our way. One of the clients who put their trust in us is a company from the financial sector serving corporate clients and investors. This large player asked us for help in creating a loan portal.
The main guideline for its creation was to adapt the system to the complex, multi-stage process of investment financing and to facilitate the process of digital transformation of this bank, which up to this point had been operating in the traditional, offline model.
As part of the cooperation, we provided the client with comprehensive support in areas such as business analysis, UX/UI design as well as infrastructure development, configuration and maintenance.
To create B2B client, back-office infrastructure for bank employees and administrators, and the bank executives dashboard modules we used such technologies as:
- Etcd, Docker.
The main goal of the system is not only to digitally map the interaction with the customer, but above all to guarantee the highest possible level of security and data protection. That is why we based our solution on the Open Telekom cloud.
The creation of a banking system that supports financial services has resulted in a huge increase in the efficiency of the loan application process. The use of the cloud meant it was possible to reduce costs associated with the management and maintenance of the infrastructure. The range of the bank’s activities has been extended and now, thanks to our support, it operates not only offline but also online.
As the client points out, the high level of security was not the only argument that convinced them to entrust the project to us. They were also impressed by the efficiency and knowledge of our programmers.
Implementing innovations is an important part of the digital transformation of the financial industry. In recent years, we have seen that they shape business models, the long-term structure of the industry, and the behavioral patterns of the industry’s service users. Thanks to digitalization, financial institutions work more efficiently and can focus more on their customers, who are choosing mobile banking more and more frequently. An additional advantage that new technological solutions give banks is the expansion of their service portfolio, flexibility and the ability to adapt to the leading trends in fintech.