Today, financial institutions are confronting competitive pressure to deliver the digital experience reforming the way banks do business. Customers want a customized, hassle-free experience from banks. Now, to create value with each customer interaction, financial institutions need to re-assess their strategies. With customer interactions and data points created each second, banks need to leverage this information to enhance overall efficiency and productivity to improve customer experience and build a relationship with the customers. The Microsoft Dynamic 365 Banking Accelerator enables financial firms with consistent, well-structured data that can be deployed across different systems to offer new insights and deliver an excellent customer experience.
Let’s take a look at some of the reasons why financial institutions need to use Microsoft Dynamics 365 Banking Accelerator.
1. Made with Industry Skilled Partners
Banking Accelerator is made in collaboration with industry partners and in-line with open standards defined by the BIAN. To help build a common data structure on top of Dynamic 365 customer engagement, partners shared their industry-specific expertise and knowledge with Microsoft.
2. Reuse Data in Different Applications
The Microsoft Banking Accelerator offers a unified view of the data across sources. It allows partners to extend and build different banking apps on the same data model. By enhancing processes and insights, it simplifies the process of storing data and running analytics across separate platforms.
3. Stay Up-to-date
Microsoft will keep the Banking Accelerator updated and evolve with the Dynamic 365 releases, which will empower partners and customers to build accessible and open solutions.
4. Perform Demonstration to a Bank
Partners can demonstrate the banking specific data model and innovative solutions that can be used to:
- Enhance business processes
- Speed up Development
- Deliver customer insights
When bank employees have relevant data, they will be able to offer engaging customized interactions.
5. Use the Banking Data Model
Partners using the accelerator get an opportunity to create transformative solutions that can work together. Partners will be able to design the apps in a matter of days, as the Microsoft Banking Accelerator comes with a ready-made platform and data model.
6. Learn from the Sample Apps and Dashboard
The Microsoft Banking Accelerator comes with sample applications and dashboards that can show customers and partners how convenient it is to develop new apps and solutions. These include:
- Sample Power BI dashboard – Supports data modeling and visualization.
- Sample Model-Driven apps – Demonstrate how Dynamic 365 and the banking data model are utilized for customer engagement.
- Sample Proposal Manager – Assists commercial banks and corporates to streamline and automate the lending process and create general proposals.
- Know Your Customers
- Onboarding
7. Take Advantage of Built-in Solution
Customers using the Banking Accelerator can benefit from the additional innovative ISV solutions that are built on this accelerator and use the same data model.
The Dynamic 365 Banking Accelerator is on the top of an existing D365 or PowerApps instances; thus, all it requires is the download, extraction, and installation. Microsoft Banking is gearing up for the future to help customers take their customer engagement to a new level.
Image Source: https://cloudblogs.microsoft.com/
Global iTS is a leading Microsoft Dynamics 365 ERP and CRM Partner with offices all over GCC (Bahrain, Saudi Arabia KSA, Oman “Muscat”, UAE “Dubai”, and Kuwait), with domain expertise in Financial Services Sector Digital Transformation like” Retail Banking, Commercial Banking, Insurance Providers, Private Equity, and Investment Banking.
