The Advanced Banking Academy prepares your complete project team for the challenges of a core banking transformation. The modular approach spans from banking industry knowledge, Reference Processes and Methodology, as well as application and technology specific components.
Major change initiatives, such as core banking transformations, do not fail due to poor technology platform quality. Projects fail due to a lack of scope clarity, not utilizing a reference process model, and trying to “reinvent the wheel”. The ABRM helps clarify the transformation scope and architecture model.
The Advanced Banking Reference Process Model (AB-RPM) uses a common language between bank users and solution experts. From day one of a project it provides best banking industry practices by aligning terminology, communication, and level-set processes.
AML, Fraud Detection, and Credit Bureau Integration – Regulations are always changing, and demand a high understanding of a financial institution’s customers and prospects.
Credit unions and community banks are falling behind in the data arms race. According to one industry analyst, the gap is growing in the adoption rate of advanced analytics between smaller financial institutions and their big-bank counterparts. Less than 9% of institutions with under $1 billion in assets use advanced analytics compared to 50% of banks with more than $50 billion in assets using advanced analytics*.
The Axxiome Banking Decision Engine is a solution that provides banks the ability to automate different business processes by facilitating the creation and management of business rules in a simple manner, while also providing pre-defined interfaces that integrate to external entities, such as credit bureaus, in order to obtain the information needed for a decision to be made automatically.
Axxiome’s Holistic Architecture & Program Planning InitiativeTM (HAPPI) is the first step to successful mid- and large-scale technology programs in the financial services industry.
The financial services industry is not immune to the various disruptions occurring in the digital era. One such digital disruption is the proposed institution of PSD2 regulation – second Payment Services Directive – that impacts banks in Europe.
PSD2 brings a set of very clear norms that banks need to comply with, and with a tight deadline of October 2018.
With fully documented and streamlined end-to-end processes, the effort required to implement Axxiome Banking is minimal and reduces the time to market significantly.