Financial Services Industry - New Business Models

New Business Models

The rapid spread of new fintech products and other challengers to traditional banking is causing substantial shifts in the industry’s fundamental business models. Offerings must be personalized, convenient, and customer-focused, utilizing new tools like financial concierges, smart device integration, blockchain trading, and more to create unparalleled, highly tailored experiences that unlock fresh possibilities for businesses.

How We Help

Prolifics works with financial services enterprises to support new business initiatives, including…

New Business Models Case Study

Case Study

Prolifics Increases Efficiency and Reduces Costs at Major American Financial Services Firm

Prolifics implemented an optimized, automated business process to bring outsourced new account opening functions in-house.

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Prolifics' Capabilities

Digital Mobile Wallet >> 

Mobile capability is a forefront concern, particularly due to the ever-rising relevance of technologically native generations...

Mobile capability is a forefront concern, particularly due to the ever-rising relevance of technologically native generations to financial organizations’ success. Businesses can leverage smartphones and other connected devices to take advantage of digital wallets, mobile payments, circumstance-specific offers, personalized loyalty schemes, and other scalable, integrated features that help enterprises put forward full-bodied strategies.

Prolifics can help your business build the infrastructure and resources it needs to put cutting-edge mobile payment measures in place. With the cloud, we can optimize your platforms to reduce your infrastructure footprint and cut costs. We optimize, re-engineer, and automate your business rules and processes to streamline workflows and operations. We put APIs and mobile integration to work, enabling you to forge new mobile-first structures that put your enterprise ahead of the curve.

Blockchain >> 

Security in financial transactions is critical, and blockchain is proving to be the answer to today’s security questions...

Security in financial transactions is critical, and blockchain is proving to be the answer to today’s security questions. Transactions are encrypted and distributed, and can be completed quickly and easily with institutions around the world. Blockchain stands to revolutionize the way that financial services organizations function when it comes to many of their core businesses.

Prolifics partners with organizations to prepare them for the blockchain paradigm. We help you institute key technologies to support blockchain adoption, including data governance and quality management  to ensure that your information is correct, reliable, accessible, and ready for use.

Cybercurrency >> 

The cybercurrency craze that has swept computing has also altered the landscape of financial services...

The cybercurrency craze that has swept computing has also altered the landscape of financial services. Enterprises are well served by exploring the potential of cybercurrencies to realize new business possibilities and improve transaction speed, efficiency, and costs, no matter where in the world payments are bound.

Prolifics equips your organization with the technologies and structures for an effective cybercurrency adoption. We optimize your business rules for greater efficiency, introduce the power of the cloud for infrastructure enhancement, and institute mobile and API integration to empower new channels and capabilities.

Virtual Banking >> 

Demand is rising for comprehensive digital banking solutions. Busy customers lack the time to visit their local branch...

Demand is rising for comprehensive digital banking solutions. Busy customers lack the time to visit their local branch; they need convenient, accessible options to take care of both day-to-day operations and major transactions on their schedule. Instituting these measures offers benefits to financial services providers as well—businesses can use virtual banking offerings to capture valuable information and insight on customer trends to forge more attractive products.

Prolifics helps you reforge your core business rules and processes for successful digital integration and engagement. Our data and analytics experts help assure comprehensive data quality and governance throughout your organization, as well as implement cutting-edge analytics, modeling, and Cognitive capabilities.

Regulatory Technology >> 

As the financial services industry enters a new age of growth and expansion, burgeoning businesses...

As the financial services industry enters a new age of growth and expansion, burgeoning businesses must balance regulatory efforts and compliance-enabling technologies. These emerging tools can make smarter use of data to identify risk, mitigate potential issues, protect the business’s reputation, trend associated costs downward, and unify compliance measures across the enterprise.

Prolifics can help your enterprise automate its regulatory compliance rules and processes. We leverage next-generation analytics to grant better insight into risk and other compliance matters, coupled with Cognitive technology to make sense of old data in new and compelling ways.

Payments and Funds Transfer >>

Customers are demanding—and finding—new ways to make payments...

Customers are demanding—and finding—new ways to make payments. Often, these solutions lie in fintech offerings, which steers business away from traditional banks and credit unions. Financial services enterprises must harness fast-moving, user-friendly payment services while winnowing down payment costs to remain competitive and continuing to ensure end-to-end security of the payment process.

To establish enhanced payment tools, you need the right technology and expertise to guide your journey. Prolifics brings the necessary measures to the table: we re-engineer and automate your business rules and processes, while integrating mobile and API features into your organization and optimizing your platforms and infrastructure with cloud hosting.

Technology Makes it Possible

Prolifics' expertise across multiple specialties enables us to create unique, comprehensive solutions for your innovative new business models. Technologies we typically leverage for these types of initiatives include: