The Role of Low-Code in Digital Transformation: Pioneering New Pathways in Business Evolution

1. A European bank: Reimagining SME Client Onboarding 

In a bold move to overhaul its traditional SME client onboarding mechanism, a European bank embraced our low-code platform.  

 Previously hampered by extensive paperwork and slow manual processes, the shift to a low-code paradigm brought about dramatic improvements. By moving to digital forms and integrating automation for compliance checks, the onboarding timeline was slashed from 3 days to just 1 hour. This efficiency leap, driven by the adaptability of low-code, firmly positioned the bank as a modern, tech-savvy institution. 

2. Two European banks: Transforming SME & Corporate Loans 

Two large European banks built on the Aurachain low-code platform complex and innovative applications to streamline SME & Corporate Loans. A well-thought out process, seamlessly integrated with internal and external connections, helped them identify businesses rapidly. With RPA integration, automatic data extraction from financial statements is achieved, leading to faster loan request decisions, 75% less time spent on eligibility procedures checks. They have enhanced productivity, integrated third-party tools, and improved overall customer experience, signifying the power and efficiency of our low-code platform in such transformative endeavours. 

3. A conglomerate of multiple manufacturing companies: Streamlining Contract Management & Reporting

Contract management across diverse entities often poses significant challenges. Our client, with a clear vision of optimization, turned to low-code platforms. This transition eradicated redundant communications, minimized mistakes, and fostered continuous enhancements.  

Within a mere two months, they rolled out in-house applications, resulting in an astounding 87.5% resource and cost reduction. This swift transformation underscores the unparalleled capabilities of low-code in revamping operations. 

4. A global leader in real estate investments and management: Charting New Frontiers in Trading Tracking

In the high-stakes realm of FX/IR trading, state-of-the-art tracking tools are essential. Acknowledging the constraints of  macros-enabled spreadsheets, this client embarked on a transformative journey with low-code.  

The application they’ve built on the Aurachain platform, revolutionized trade execution, phasing out manual interventions and bestowing clear tiered responsibilities for enhanced clarity. With automated daily trade reports and a holistic dashboard view, this two-month development project exemplifies the rapidity and efficiency of low-code solutions. 

5. A European bank: Elevating ATM/POS Incident Management 

Harnessing our platform’s powerful potential, the bank transformed their ATM and POS device incident management. This newly introduced system promptly identified and rectified operating system glitches, leading to reduced downtimes and superior customer service. It facilitated real-time incident monitoring, swift escalation and resolution, granting the bank a comprehensive oversight of its equipment health. Moreover, it seamlessly integrated with tools like Google Maps for precise device tracking, ensuring timely field interventions. The platform’s prowess was evident as it scaled to oversee 2,600+ ATM & POS devices. 

6. Bucharest Stock Exchange: Digital Onboarding for Investors

With a focus on enriching the investor experience, the Bucharest Stock Exchange leveraged the Aurachain low-code platform. An innovative Investor Onboarding application was born, fully digitalizing the onboarding process from OCR-driven identification to digital shareholder meeting votes. Advanced identification processes mitigated manual errors and expedited verifications.   

Furthermore, digital avenues for General Shareholders Meetings fostered improved engagement and heightened transparency. The seamless unification with capital market systems resulted in a smooth shareholder experience, driving operational efficiency. 

To Conclude: 

In the digital age, adaptability is key. Low-code platforms are rising to this challenge, offering businesses the tools they need to refine processes, boost efficiency, and remain competitive. The journeys of CEC Bank, TMV Capital, and LaSalle epitomize this transformation. With low-code as a driving force, the horizon of business evolution seems boundless. As more entities harness these platforms, we anticipate a vibrant era of digital transformation, marked by unmatched agility and innovation.