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Whether or not attracting new deposits, lending relationships or treasury administration purchasers, monetary establishments (FIs) are in search of new methods to amass prospects, increase income, and meet the evolving wants of consumers. With Backbase, banks and credit score unions can progressively modernize or construct on high of their legacy IT methods and shortly customise and personalize their digital banking capabilities. The result’s a greater buyer and member expertise, operational efficiencies, and the flexibility to convey merchandise to market shortly. Collectively, West Monroe and Backbase will assist FIs ship a seamless digital expertise throughout all channels. Already, greater than 120 monetary establishments all over the world leverage the Backbase platform.
“Backbase is devoted to spearheading digital transformation by means of progressive banking modernization,” acknowledged Jouk Pleiter, Founder and CEO of Backbase. “The partnership with West Monroe permits us to speed up this mission, as it’s designed to push the boundaries of what banks and credit score unions can supply to their prospects and members.”
“At Backbase, we assist banks and credit score unions to constantly innovate, improve their member and buyer experiences and go to market with new services and products shortly so as to stay aggressive,” mentioned Vimal Sethi, World Vice President for Partnership & Alliances at Backbase. “A part of our mission is to align with companions who share the identical imaginative and prescient. With West Monroe, we are able to seek the advice of with our joint prospects to offer the very best answer for his or her wants and expedite implementation.”
Banks and credit score unions that wish to differentiate and customise their digital banking choices have traditionally confronted a restricted alternative when searching for a digital platform supplier, leaving them unprepared for his or her on-line banking implementation journey. West Monroe acknowledges the distinctive challenges banks face as they search to create a seamless expertise throughout platforms. The Backbase Engagement Banking platform, enhanced by West Monroe’s strategic steerage, goals to empower banks and credit score unions with unparalleled flexibility to customise, innovate and differentiate their choices.
“This versatile digital banking platform with off-the-shelf performance goes to make a direct affect for our purchasers in each retail and business banking,” mentioned Neil Hartman, senior accomplice, monetary providers at West Monroe.
West Monroe’s Monetary Companies observe has huge expertise working with each the mid-market and the most important monetary providers establishments, partnering on a whole lot of business digital transformation implementations to assist them meet the calls for of a quickly altering business. The West Monroe workforce delivers work throughout the business, treasury administration, and retail traces of enterprise on points round funds, digital technique and expertise implementation, development and productiveness, M&A integration, in addition to threat and regulatory compliance.
“We actively search for like-minded companions centered on the industries West Monroe helps to drive outcomes for, shortly and predictably,” mentioned Casey Foss, chief business officer at West Monroe.
SOURCE: West Monroe
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