{"id":7322,"date":"2023-05-17T11:47:43","date_gmt":"2023-05-17T09:47:43","guid":{"rendered":"https:\/\/finalix.com\/?post_type=dienstleistungen&#038;p=7322"},"modified":"2023-09-08T16:09:49","modified_gmt":"2023-09-08T14:09:49","slug":"platform-transformation","status":"publish","type":"dienstleistungen","link":"https:\/\/finalix.com\/en\/expertise\/services\/platform-transformation\/","title":{"rendered":"Platform Transformation"},"content":{"rendered":"\n<p>To remain competitive in the future, financial institutions must continuously keep their existing system platforms up to date. Ultimately, the goal is to have a reliable system that helps an organisation accomplish its mission in a cost-effective manner. The key motivations for making adjustments to the technology landscape are:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Realignment and consolidation<\/strong>&nbsp;of numerous&nbsp;<strong>legacy systems<\/strong>&nbsp;arising from merger activities, or as an organisation has grown over the years.<\/li>\n\n\n\n<li>Upgrading increasingly outdated technology with improved functionality and&nbsp;<strong>efficiencies<\/strong>&nbsp;to&nbsp;<strong>better meet client demands<\/strong>.<\/li>\n\n\n\n<li>Meeting&nbsp;<strong>regulatory requirements<\/strong>&nbsp;in an ever-evolving regulatory landscape.<\/li>\n\n\n\n<li>Implementation of a&nbsp;<strong>global solution<\/strong>&nbsp;tailored for specific local requirements.<\/li>\n\n\n\n<li>Building a solid and scalable&nbsp;<strong>foundation for growth<\/strong>, enabling introduction of new products and services.<\/li>\n<\/ul>\n\n\n\n<p>At the core of Platform Transformation is the upgrading of systems and uplifting of processes, in many cases making these increasingly digital, streamlined, user-friendly, and overall efficient. It may involve integration of new technologies, such as cloud computing, artificial intelligence, and blockchain to enable optimisation and enhance the user experience.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Client benefits<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Improved efficiency<\/strong>: Reduction of technological depth and simplification of IT landscape through consolidation of systems and tools into a single platform. This can help reducing turnaround times and enable better use of resources.<\/li>\n\n\n\n<li><strong>Cost savings<\/strong>: Significant cost savings as organisation reduces reliance on expensive legacy systems and hardware.<\/li>\n\n\n\n<li><strong>Improved agility<\/strong>: Automated tasks and digital workflows will enable quicker response to changing market conditions and customer demands.<\/li>\n\n\n\n<li><strong>Meeting regulatory requirements<\/strong>: Capability to access and interpret accurate and meaningful information to meet requirements in a timely manner.<\/li>\n\n\n\n<li><strong>Better risk management<\/strong>: Increased flexibility in monitoring internal and external risks and being better prepared to respond to risks.<\/li>\n\n\n\n<li><strong>Enhanced customer experience<\/strong>: Digital platforms can offer a more personalised, and user-friendly experience.<\/li>\n\n\n\n<li><strong>New revenue channels<\/strong>: Exploration of new revenue streams and previously unavailable channels.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">finalix contribution<\/h2>\n\n\n\n<ul class=\"nv-cv-m wp-block-list\">\n<li>Assessment of your systems environment identifying weaknesses and improvement opportunities.<\/li>\n\n\n\n<li>Target Operating Model (TOM) definition, process design, and development of proof of concept.<\/li>\n\n\n\n<li>Implementation of TOM, test planning &amp; UAT coordination, and rollout support.<\/li>\n\n\n\n<li>Vendor evaluation and selection.<\/li>\n\n\n\n<li>Planning and coordination of communications and training.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>To remain competitive, financial institutions must continuously keep existing system platforms up to date. Ultimately, the goal is to have a reliable system that helps an organisation accomplish its mission in a cost-effective manner.<\/p>\n","protected":false},"featured_media":7763,"template":"","expertise":[110],"class_list":["post-7322","dienstleistungen","type-dienstleistungen","status-publish","has-post-thumbnail","hentry","expertise-digitalisation-process-platform-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/dienstleistungen\/7322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/dienstleistungen"}],"about":[{"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/types\/dienstleistungen"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/media\/7763"}],"wp:attachment":[{"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/media?parent=7322"}],"wp:term":[{"taxonomy":"expertise","embeddable":true,"href":"https:\/\/finalix.com\/en\/wp-json\/wp\/v2\/expertise?post=7322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}