Corporate and Retail banks and Financial Services are facing increasing competition, rising transaction cost and client demand for Internet & mobile based services. Heavy investment in legacy applications, combined with significant competitive and regulatory pressures, ROI, and scalability requirements that are difficult to address with proprietary systems. CIGNEX Datamatics understands financial services business processes and the underlying technology currently in use in this industry. Following the best practices in the industry CIGNEX Datamatics provides banks and financial services significant competitive edge at a huge reduction in TCO.

CMS for BFS: Content Management System (CMS) helps in improving consumer service levels and information sharing at a much reduced Total Cost of Ownership. It would help in migration of paper-based or proprietary applications to cost-effective, flexible Open Source environment.

Portals for BFS: With Web 2.0 and Social Media, the proximity of Banking and Financial Services have decreased drastically and thereby balancing the weight of competitive advantage. CIGNEX Datamatics Portals and Enterprise Social Collaboration tools help in increasing employee productivity and enhancing customer service through real time conversations, promotions with customers in networking channels

ERP for BFS: CIGNEX Datamatics Enterprise Resource Planning (ERP) can help in driving all the activities within the organization like Currency Issuing, Movements and Vaults, Sorting and Withdrawal, Interbank transfers, foreign currencies etc. CIGNEX Datamatics provides a complete application level secure infrastructure with functionalities including Financial Accounting and workflow management.

Contract Lifecycle Management for BFS: Paper based Procurements and Contract systems are time consuming and a crucial challenge for Financial Institutions. CIGNEX Datamatics Contract Lifecycle Management Solution provides transparent workflows with continuous tracking and addressing bottlenecks thereby accelerating business decisions. Centralized Contract repository manages the complete lifecycle of contracts.