myBanking

Solutions | Industry Solutions | Banking

Business Problem

Banking is an information intensive and regulated business area. Transaction systems in banks are well supported by computerized, integral information systems. Data from different documents are copied to and from transaction systems. These documents are stored in different ways and then archived. Additionally, many banking procedures based on document lifecycles (preparation of contracts, review, approval ...) can be controlled using process management tools. So in order to stay competitive, banks could or should be to use the EDMS solution for document and process management and the integration of these systems with other banking information systems.

The solution

myBanking is a solution that was designed to fill that niche. Its aim is to collect all important documents (records) from different sources in one repository and to standardise document banking storage on the basis of banking business classification schemes. This central repository is the base for document and process management and archiving.

The solution has three basic modules or fields of work:

Gathering all important documents in different forms and from different sources (post, e-mail systems, portals, e-bank systems …), transformation into digital format, assigning business and security classifications and sorting of the documents in the appropriate folder structure;

Management of banking processes using document workflows and other process management tools, considering the rules and specifics of individual bank business areas;

Central Archiving of the records.

The solution consists of the best document management and information security practices and stores records in the high-capacity, robust and reliable EMC Documentum EDMS.

Benefits

Utilisation of myBanking eliminates the unnecessary manual work with paper or electronic documents in separate systems. The solution assures that documentation in banking operations is complete, well organised, well secured and always at hand.

The next important benefit is that collaborative banking operations are done using process management tools. The procedures are faster and under control. Automated operations establish compliance with internal and external regulations, which are incorporated into business rules in solutions.