Scheer PAS for Banks and the Financial Sector

Financial services and banking processes in the new age of technology and AI

Challenges in Financial Services and Banking

Financial services and traditional banks face critical challenges with the rise of FinTech companies and the strict regulations...

  • Legacy systems
  • FinTech company
  • High data sensitivity
  • Regulatory compliance
Scheer PAS Financial services and banking 1.1

The Scheer PAS solution

A process-driven iPaaS solution such as Scheer PAS offers new solutions specifically tailored to the financial sector and banking.

  • Legacy Integration
  • Agile development
  • Secure partnerships
  • Optimised processes
Scheer PAS Financial services and banking 2.1

Example of a Scheer PAS architecture for banking and finance

Solutions for the banking industry with Scheer PAS

Solving problems such as:

  • - Integration of core banking systems
  • - Integration and modernisation of legacy systems
  • - Detection of anomalies
  • - Automation and optimisation of financial processes
  • - Simplified compliance with rules and regulations
Scheer PAS for banks and finance 2

Scheer PAS
Open Banking

Integrating existing IT systems with Scheer PAS and leveraging its API Management capabilities, enables seamless connection to third party applications and services.

Scheer PAS for the banking industry

Customer Onboarding and KYC Automation

Loan and Mortgage Application Processing

Fraud Detection and Prevention

Investment and Wealth Management Platforms

Regulatory Compliance and Reporting

Scheer PAS platform - from BPMN modelling to the finished application with connection to integrated IT systems.

Customer Onboarding and KYC Automation

Loan and Mortgage Application Processing

Fraud Detection and Prevention

Investment and Wealth Management Platforms

Regulatory Compliance and Reporting

Figure: Scheer PAS platform - from BPMN modelling to a finished application connected to integrated IT systems.

Case study Large British Private Bank

Challenges

A large British private bank experienced operational inefficiencies and increased costs due to a non-integrated system landscape and frequent process disruptions. Moreover, poor integration with third-party systems, like payment processors, led to delays and potential revenue losses.

  • Heterogeneous, non-integrated system landscape
  • System and media disruptions in business processes
  • Insufficient connection of payment processing systems or card processors for debit and credit cards

Scheer PAS solution

Unified and Integrated IT Systems

  • Establishment of a central, highly available and load-safe integration platform with which third-party systems can be integrated
  • Integration and automation of debit and card processors
  • Integration of software for recognising speech patterns

Solution

Integration

Existing IT landscape with legacy systems

System integration by third-party providers

Automation

Processing of orders and invoices received by post

Payment processing with cheques

Innovation

Block cards via online banking / transaction display

Fast telephone banking thanks to automatic authentication using voice recognition

  • Flexibility for future requirements of the digital transformation

  • Increased security through IT modernisation

Scheer PAS Designer preview MacBook Process iPaaS Free Trial API Management

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