Create unified statements over multiple statements including account statements, retail individual statements, credit card statements, and brokerage statements
Banks and financial service providers generate an array of communications to interact with their customers. It entails account statements, proposals, notifications, policies, letters, etc. These communications enable businesses to get through with customers, enhance customer loyalty and deepen their share of customers’ wallet.
Key Business Challenges
Burdened with legacy IT systems, many banks have hard-coded documents, and out-of-date output communication systems – all dispersed. Appending to these challenges are the dynamic regulatory compliances, which banks have to adhere to while communicating with customers. To cater to the ever-increasing expectations of customers, banks have created layers of applications on top of core banking systems, which has made their architecture slow and sluggish.