New Appian Solution for Financial Services Institutional Onboarding Improves Speed-to-market and Reduces Implementation Risks...
September 23 2019 - 4:00AM
Appian (NASDAQ: APPN) today announced availability of a new
solution that accelerates customer and asset onboarding while
reducing risk of implementation for treasury management, foreign
exchange, and investment firms. The Institutional Onboarding
solution delivers pre-built data records, AI-based document
understanding, and packaged integrations to simplify and accelerate
onboarding. The result is increased customer engagement and
satisfaction from the first point of contact. All of this is
delivered on Appian’s low-code platform, making it easy to
configure the solution to a financial firm’s unique requirements
and often complex legacy technology environment.
Onboarding institutional customers through manual processes and
disconnected systems is difficult, slow, opaque, complex, and
risky. Institutions must manage a variety of approaches, processes,
systems and data sources - both within the institution and across
the industry. The Appian Institutional Onboarding for Financial
Services solution provides complete process visibility to internal
constituents and customers, and allows institutions to prioritize
their onboarding resources. The solution unifies customer
communications across all channels, centralizes document
management, and helps reduce the time it takes to identify and
resolve potential risks stemming from variations in products,
geographies, categories, and industries.
The solution features:
- Pre-built data records for Customers, Accounts, and Products.
Using Appian’s unique Records data management capability, users get
a complete, 360-degree view of a customer and the full onboarding
context, regardless of where that data resides across the
organization.
- Intelligent document understanding. The solution includes
built-in AI services for intelligent content extraction and
automated document assembly. This saves enormous amounts of time
and effort previously spent manually parsing incoming documents and
transferring data from one document to another.
- Business-user process control. The solution puts the power of
process and task management in the hands of onboarding
professionals. This includes automated import of tasks and
checklists from legacy Excel spreadsheets.
- Pre-built integrations to key legacy systems. The new solution
leverages Appian’s Connected Systems architecture for zero-code
integration to Salesforce.com. It also includes integration to the
Office of Foreign Assets Control (OFAC) database maintained by the
US Department of the Treasury.
“Emerging FinTech, constantly changing regulations, and
disruptive new business models are all increasing the pace of
change in financial services,” said Michael Heffner, Global
Industry Lead at Appian. “Despite this rising complexity, the need
to quickly create strong new customer relationships remains. With
our Institutional Onboarding Solution, we have eliminated the
complexities of getting those high-value relationships
up-and-running.”
Because the solution inherits all of the speed, power, and
security qualities of Appian’s low-code platform, it delivers
faster value than traditionally-coded or commercial off-the-shelf
onboarding solutions. Through visual composition, the solution is
quickly and easily configurable to the unique way an organization
operates, including low-code and no-code integrations across a
typically complex financial firm IT architecture. The solution uses
Appian’s powerful case management and intelligent automation
capabilities to unify enterprise data and accelerate the pace of
work. In addition, the solution delivers industry-leading security
and compliance, mission-critical reliability, and unified
governance.
About AppianAppian provides a low-code
development platform that accelerates the creation of high-impact
business applications. Many of the world’s largest organizations
use Appian applications to improve customer experience, achieve
operational excellence, and simplify global risk management and
compliance.
Forward-Looking StatementsThis press release
includes forward-looking statements. All statements contained in
this press release other than statements of historical facts are
forward-looking statements, including statements about new Appian
products and solutions. The words “anticipate,” “believe,”
“continue,” “estimate,” “expect,” “intend,” “may,” “will” and
similar expressions about future results are intended to identify
forward-looking statements. Appian has based these forward-looking
statements largely on its current expectations and projections
about future events and financial trends that Appian believes may
affect its financial condition, results of operations, business
strategy, short-term and long-term business operations and
objectives and financial needs. Those forward-looking statements
are subject to a number of risks and uncertainties, including,
without limitation, the risks and uncertainties set forth in the
“Risk Factors” section of Appian’s Annual Report on Form 10-K for
the year ended December 31, 2018, filed with the Securities and
Exchange Commission on February 21, 2019, and subsequent reports
that Appian files with the Securities and Exchange Commission.
Moreover, Appian operates in a very competitive and rapidly
changing environment. New risks emerge from time to time. It is not
possible for Appian’s management to predict all risks, nor can
Appian assess the impact of all factors on its business or the
extent to which any factor, or combination of factors, may cause
actual results to differ materially from those contained in any
forward-looking statements Appian may make. In light of these
risks, uncertainties and assumptions, Appian cannot guarantee
future results, levels of activity, performance, achievements or
events and circumstances reflected in the forward-looking
statements will occur. Appian is under no duty to update any of
these forward-looking statements after the date of this press
release to conform these statements to actual results or revised
expectations, except as required by law.
For Information Contact:Nicole GreggsDirector
of Media Relations+1 703-260-7868nicole.greggs@appian.com
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