Our client in Europe founds strong disconnect between the wealth managers’ needs and the tools that they were using in private banks. To address this problem, they wanted a solution that is a combination of private banking heritage with cutting edge technology to automate and simplify their daily process needs.
They needed experts and tools to store their extremely sensitive bank data in a repository which is highly secure and manage them.
They were having other multiple legacy systems with which the proposed solution could be integrated.
To address the needs, the client decided to have an ECM which is open source, scalable, store and retrieve bank files in a secure way.
We proposed to go with Alfresco for its ECM needs considering that it is open source and comes with lots of Out of the Box features which can be customized easily based on business needs.
We implemented Alfresco for this ECM needs and migrated all the documents from file system with our custom developed migration tool. We did custom implementation to push the documents to Alfresco repository from different locations based on the banks. Every document pushed now has meta data attached and can be quickly searched base on it.
We implemented OCR and Archive processes to automate the data extraction so that the system can read and perform actions accordingly.
An Archive mechanism was also implemented based on the banking domain needs.
We build a tailor made solution for Backup and Recovery and automated this process to ensure zero data loss.
EnProwess has build a custom ECM solution on top of Alfresco to address the business problems faced in banking domain.
It has provided the banking industry and its wealth manager users a new dimension to solve problem in a quick and efficient way.