Revolutionizing traditional banking
Banco BPM decided to undergo a full-on digital banking transformation launching Strands full product suite: PFM, BFM, and Engager. Altogether combined with Stands Tech Enablers, the bank completely transformed their customer’s banking experience in all digital channels.
PFM: From Traditional Banking to Open Banking
The bank decided to undergo through a full digital transformation for its retail customers with our Personal Financial Management solution combined with the Engager and our Tech Enablers. Doing so, Banco BPM was able to:
- Personalize mobile banking experience thanks to Insights and PFM
- Transform architecture via SaaS
- Leverage Open Banking via account aggregation
BFM and Engager: Powering Small Business portal with Open Finance potential
The bank underwent a transformation introducing new features that allows the SMB Customers to take full control of their finances thank to innovative features such as:
- Xs2A via PSD2
- Automatic categorization
- Cash flow analysis
- Invoices reconciliation
- Invoices upload
- Recurrent patterns analysis
Engager: Personalized banking
The bank took on a full digital transformation creating a personalized mobile banking experience thanks to Insights that lead to PFM journeys or insights that can lead to commercial suggestions
Story Overview
Client:
Banco BPM
Country:
Italy
Solutions:
Strands BFM
Strands PFM
Strands Engager
Quick Insights:
increased interactions after PFM launch
App rating on app store
Online users
Deployment:
On Premise
Launched:
April 2022
Related Success Stories
PFM
A Leading Universal Bank in Georgia
By all accounts, the bank is on to something – it’s converting customers over to digital channels.
BFM + Engager
Akbank SME Movement – ‘For Your Business’ Service
Akbank, one of the biggest banks in Turkey, launches “For Your Business” service as a part of the SME Digitalization Program.
