business process redesign for financial institutions

Banking & Finance

business process redesign for banks

The challenges of the financial industry have always gone hand in hand with the market in which they operate and with Information Technologies. We are always in search of security, simplicity, simplicity of procedures and services, and finally, accessibility.

In the near future the areas of Research and Development and Business Processes will play key roles in the financial sector. Both in the design of innovative financial services, and in the transition to new concepts such as Cryptomoney, Fintech companies, or Participatory Financing, which are gaining followers every day and challenge the defined Information Processes.

It will not be strange that in the future large technological corporations of today, called GAFA (Google, Amazon, Facebook and Apple) will actively enter this industry, offering financial services that may be disruptive. At least they have the main ingredients for it:

  • Communities of individuals measured in millions
  • Financial capacity to support any financial product
  • Global presence
  • Great flexibility
  • High accessibility
  • High degree of expertise in the use of information technology


In addition, they possess the information and consumption habits of the members of their communities. This would represent a competitive advantage since this type of information is not so readily available in the traditional financial industry.

Given the above, both banking and financial institutions are facing a great challenge, to be prepared for the arrival of such competitors. So the most important thing at this moment is to take the first step.

At Linnoit we are convinced that a great start is to think about redesigning your value chain and then optimizing it. Also implement the Robotic Process Automation (RPA) in the business processes that deserve it, to be more efficient and seek the maximum experience of their customers.

We know how to do it and we can help you. Please review our Professional Consulting Services if you need more information or assistance.