Jump-start your process re-engineering projects in the areas of merger and acquisition integration, process outsourcing, alignment for Basel II requirements and workflow automation. IBM Information Framework (IFW) Process Models combine pre-built banking industry process templates, banking best practice processes with intellectual capital in a set of business models.
The advantage
IBM offers best practices
IBM brings considerable expertise and resources to help financial institutions, 97% of the financial services industry companies on the Fortune 500 list are IBM clients. IBM IFW Process Models provide best practice standardized processes for customer interactions. Our solution:
Is in use by over 250 global banks and represents over 200 cumulative years of development incorporating input from the world’s leading financial institutions.
Integrates with other banking industry models, such as IBM
Banking Data Warehouse and IBM IFW Service Models, to form a complete portfolio of re-engineering tools.
Is based on proven client successes in operational risk reduction and management, including enabling clients to meet compliance obligations under Basel II, Sarbanes-Oxley, Patriot Act, FACTA and other regulations.
Contains intellectual capital gained from several IBM financial services consulting practices including the Banking Practice and the Risk Practice.
The benefits
Transformation in three key areas
IBM IFW Process Models can help your bank analyze existing business processes, such as marketing and customer relationship management, in a disciplined, objective manner. Pre-analyzed and tested templates are populated with 80% of the content required to describe banking operations, giving re-engineering projects a quick start.
Our solution includes:
Support for syndicated lending: full analysis of the primary issuance process, including borrower proposal and offer, syndication (participant proposal and offer) and activation. This content can be used to optimize the process and achieve straight-through processing while supporting the appropriate regulatory requirements.
Definition of mortgage processes, covering the full life-cycle: for primary markets (early quotation, pre-qualification, proposal, application, activation, early re-buys and maturity), as well as for the secondary market (negotiation and securitization of mortgages). These processes are defined in-line with the MISMO (Mortgage Industry Standards Maintenance Organization) standard.
Payments: full definition of optimized in- and out-payment, as well as a set of ancillary processes, taking into account the regulatory requirements from the Single Euro Payments Area (SEPA) in the area of credit transfer, direct debit and card payments, anti-money laundering (AML) and Know Your Customer (KYC).
The approach
Modeling to create the bank of tomorrow
By implementing IBM IFW Process Models you can jumpstart strategic initiatives.
Identify opportunities to streamline and outsource processes for more responsive customer service.
Reduce time-to-market with new products, such as online portfolio management.
Leverage new channels and technologies to dominate emerging markets.
Strengthen the retail network.
Integrate mergers.
Reengineer processes to comply with regulatory requirements, potentially releasing capital for additional lending capacity.
The financial advantage
Optimize financial performance
Customers who have implemented our solution typically report a savings of approximately 40% in development time and resources during the analysis and design stages of a business process re-engineering project. Once new processes are implemented, your bank can help:
Manage transactions faster, at a lower cost.
Reduce time to market for new products.
Eliminate costly redundancy in process variations.
