Today, banks need to be agile and responsive to quickly adapt to changing markets and increasing customer demands. A process-centric approach for their business and technology architecture can definitely help banks address such challenges.
i-flex Process Framework for Banking (iPFB)
iPFB is a comprehensive repository of pre-engineered generic processes for banking and capital markets. This pre-analyzed repository is enriched with best practices assimilated from our experience in providing specialized IT solutions to over 825 financial institutions in over 130 countries.
Banks can leverage iPFB to:
 Standardize business processes by replicating best practices across business lines
Redesign processes quickly and efficiently, saving time and effort required to launch new products
Optimize, measure and audit enterprise-wide processes
Bring about greater transparency in processes, policies and workflows, making it easier to manage the multitude of compliance and control requirements
Track and reduce the operational risk inherent at various activity levels
Trigger their Service-Oriented Architecture (SOA) initiative
Reduce training and maintenance overheads
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The unique value of iPFB lies in its structure, depth and comprehensive coverage. Its technology-independent framework provides the basis for subsequent translation of abstract process models into executable workflows. Workflows that provide end-to-end automation of banking transactions, on a single operating platform, serve as a foundation for offering insights into future performance.
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