Unity of legacy and modern systems
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
Up to 40 year old IT systems in financial services and banking hinder the competitiveness and modernization.
FinTech companies
Customer-centric solutions which disrupt traditional business models and increase competitive pressure.
High data sensitivity
Extremely sensitive user data highly regulated by the authorities prevents innovation and advancement.
Regulatory compliance
Financial services industry is subject to numerous regulations regarding the handling of IT implementations.
The Scheer PAS
Solution
Process iPaaS provides solutions specifically tailored to the financial services industry and banking!
Figure: Example of Scheer PAS Architecture for the Financial Services Industry and Banking
Enhancing FSI with
Scheer PAS
Solving problems such as:
- Core banking system integration
- Legacy system integration and modernization
- Anomaly detection
- Financial process automation and optimization
- Streamlined compliance regulation
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.
Leveraging Scheer PAS in FSI
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.
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 Example:
Large British Private Bank
The Challenge
Complex landscape and interruptions in systems
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
Inadequate connection of payment processing systems or card processors for debit and credit cards
Scheer PAS Implementation
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 credit card processors
Integration of software for recognition of voice patterns
Solution
Integration
Existing IT landscape with legacy systems
Third-party system integration
Automation
Processing receipt and orders recieved by post
Payment processing with cheques
Innovation
Block cards via online banking / transactions display
Rapid phone service via automatic authentication on vocal base
Flexibility for future requirements of the digital transformation
Investment in security through modernization
Customer
Success Stories
This is what our customers have to say. These are the statements that count!
Trusted by industry leaders:
Explore Scheer PAS Capabilities
Integration
Process Automation
API Management
Application Development
Process Mining and Analytics
Composability
Integration
Process Automation
API Management
Application Development
Process Mining and Analytics
Composability
Get started
Ready to add value to your organisation? Talk to us about it.
Martin Till
Senior Account Executive
EN 
DE