Signavio, a leading provider of business transformation solutions, today announced the release of the Signavio Business Transformation Suite for banking and financial services, designed to help finance-focused organisations transform their operations through modern process management.

In recent years, the banking and finance sectors have undergone major operational changes through new regulations and the catalysts of digital transformation, ultimately leading to increased competition, customer scrutiny and the need for greater efficiency and customisation. In response, institutions are working hard to reimagine the products and services they offer, in order to integrate them seamlessly into the everyday lives of their customers.

In response, the Signavio Business Transformation Suite leverages business process management and process mining to help companies understand and redesign processes with a customer centric approach. This powers rapid evaluation and improvement of process inefficiencies, helping banks and financial institutions save money and time, uncover compliance issues, and face the challenges of a complex business environment.

The powerful combination of process discovery, analysis and action supports a collaborative approach to process improvement, giving banking and finance unique and powerful insights into the way their businesses work.

“The data-driven, results-oriented nature of the financial services market makes it a prime candidate for process improvements,” said Mark Elkin, Global Head of Solution Consulting, Signavio. “These organisations possess immense potential found in the hidden knowledge within their operations. Signavio helps capitalise on these broader sources of value that can have tremendous productivity and financial gains for these organisations.”