The financial services industry is more demanding – and less forgiving – than ever before. The industry faces complex regulatory compliance, savvier customers, and intensifying competition.
Organizations within the financial services industry processes millions of paper documents each day, from application forms to customer correspondence, emails and faxes to regulatory compliance documents. All this paper creates cumbersome, unreliable processes that add to operational costs, including employee time required to manage paper documents and real estate costs associated with storing paper files.
To compete and thrive in this industry, financial organizations need innovative and effective ways to securely capture, exchange and manage the information generated and contained in paper documents – and do this in a cost-effective, efficient way. Financial organizations will require carefully crafted business strategies to address the effects of regulatory reform, technology change, competitive dynamics and market movements.
The abundance of knowledge and industry expertise Armedia’s renowned staff of professionals brings to the table allows the financial services sector to quickly build both workflow and repository frameworks that are secure, flexible and compliant, and also easily tie into existing front-end applications. This flexibility allows for minimal downtime and quick delivery that will result in the optimized control of all unstructured data and content, which allows financial organizations to mitigate risk and maintain a audit-ready status.