OutSystems for Retail Banking: Create a Frictionless Digital Banking Experience With the Power of Low-Code
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A survey by Accenture reveals that 73% of customers find their digital banking experiences unsatisfactory, prompting a shift toward fintech startups that offer better services. Traditional banks struggle to compete due to reliance on outdated systems limiting their ability to innovate and adapt to modern customer needs. Outsystems presents a solution by enabling banks to quickly develop customized applications and enhance customer engagement, significantly reducing application delivery times.
OutSystems for Retail Banking: Create a Frictionless Digital Banking Experience With the Power of Low-Code
- 2. In a survey by Accenture, 73% of customers said their digital banking is not seamless. 73%
- 3. Many customers are abandoning their banks and moving to FinTech startups that are able to offer the experience they want.
- 4. In an industry now driven by customer experience, it’s hard to stay competitive by sticking to traditional banking.
- 5. So, what’s holding banks back?
- 6. 60% of the world’s banks rely on core systems that are decades old and written in outdated programming languages. Scalability, flexibility, and innovation are almost impossible.
- 7. ● Outdated programming languages ● Hard-wired business logic ● Rigid interfaces ● Low availability The problem?
- 8. Limited resources and budgets have driven banks to commercial off-the-shelf solutions. But they’re hindering the innovation and adaptability needed to meet modern customer needs.
- 10. OutSystems offers a fresh approach to application development. The result? Banks rapidly create fully customized solutions to attract, win, and retain customers while increasing their lifetime value.
- 11. Gartner and Forrester named OutSystems a Leader in the industry
- 12. ● Reduced application delivery from 2.5 years to 5 months ● Delivers a frictionless omnichannel experience across mobile, web, branch and call centers ● 1.3 million customers Banco BPI
- 13. ● Credit card origination service ● Built with 3 developers in less than 4 months ● Resulted in account-opening volume of $300 million Banco Popular 4
- 14. ● Revamped core banking system ● Offers new products such as a personal loan credit comparison site to 52 million customers ● Available in 49 countries Credit Agricole