Low-Code Consulting: Efficient driver for digitalization in financial services – fast & regulatory secure
Industry: Financial Services | Period: 36 months | Team size: 6 consultants
Digitalization and efficiency are the key success factors for modern banks. Especially in a dynamic market environment characterized by cloud transformation pressure, increasing regulatory requirements and growing competition, companies are looking for innovations to further develop their applications, processes and customer services in an agile manner. Low-code consulting enables financial services providers to create software and solutions quickly, digitize proven processes easily and build future-oriented cloud architectures. A recent example: a German direct bank used the advantages of low-code platforms to not only make its customer service more efficient, but to completely rethink it – a strategic step towards successful transformation and sustainable positioning on the market.
Challenge: Regulation, agility and efficiency vs. traditional software development in financial services
- Strict regulation: Financial service providers are subject to strict compliance requirements – traditional software development is time-consuming, innovations are delayed.
- Lack of agility: Legacy solutions and traditional code make it impossible to quickly create or adapt new applications, which slows down the transformation.
- High staffing levels: Without low-code platforms, the development and maintenance of applications requires qualified IT staff – this results in high costs and limits the speed of implementation.
- Little scalability: Without cloud integration and modular software architecture, new solutions cannot be rolled out quickly enough.
- Suboptimal customer processes: Manual, redundant processes in customer service cost time and hinder an excellent customer experience.
Success Journey: Three steps to a successful low-code transformation and the digital bank of the future
01
This laid the foundation for sustainable, verifiably compliant application development.
02
This allowed employees to create cross-departmental solutions without writing complex code.
03
The new mindset and the new tools ensured sustainable efficiency - with clearly measurable savings and improved customer service.
Impact At Launch: From the cloud to service excellence - the effects of low-code in financial services
- Cloud-based low-code process platform: processes can be created and operated in a simple, regulatory-compliant and scalable manner.
- 82% increase in efficiency in onboarding: customer service processes have been efficiently automated - for lightning-fast workflows and the best customer experience.
- Blueprint for regulatory projects: The solution model serves as a blueprint for further digitalization projects under industry-specific compliance requirements.
- Enablement of existing employees: Thanks to low-code, even non-programmers can create and operate software solutions independently - the organization becomes more flexible, innovation costs are reduced.
- Massive economic advantage: Savings of over €12 million achieved show the enormous potential of low-code consulting in the financial services context.
Summary: Low-Code Consulting gets banks ready for the digital future quickly
Efficient digitalization and secure transformation in the banking sector are only possible with modern technologies and scalable platforms. Our low-code consulting approach combines rapid development, regulatory security and maximum user-friendliness – resulting in innovative applications and optimized cloud solutions that make the company future-proof and economically strong. The decisive factor is the close cooperation between technology, organization and people: With low-code, your company can shape change itself and accelerate it in a targeted manner.
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- Experience: Over 20 years of experience in modern technology solutions and digitalization of financial services.
- Compliance: Regulatory secure low-code platforms for your company.
- Speed: Innovative applications and processes can be created in days instead of months.
- Profitability: Massive savings and innovation potential through enablement and efficiency.
- Scalability: Platform architecture - solutions grow with the requirements and success of your bank.
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