As customer experiences rooted in real-time technology continue to set new standards for speed and convenience, batch release systems present a major obstacle for enterprise financial institutions. Moving from batch to real-time technology can help CTOs, CIOs establish new foundational ways of working that create value across the organization. This whitepaper explores the specific shortcomings of batch processes, benefits of real-time, and specific recommendations on how to implement real-time systems.
The New Era of Speed in Banking
From Batch to Real Time
Batch vs Real-Time
Customers expect frictionless experiences
Customer experiences rooted in real-time computing are setting new standards for speed and convenience in financial services transactions.
Batch processes are holding enterprises back
Including data inaccuracy, overly complex system maintenance, wasted resources and lost revenue, banking technology that relies on batch processes are slowing the progress of global financial institutions.
Real-time, event-driven architectures create new value across the organization
The benefits of real-time systems include speed-to-value, new product capabilities, consistent communication, more reliable analytics and more efficient testing procedures.
Real-time systems should be pursued within broader Modernization initiatives
Unlocking greater efficiencies and new capabilities through real-time technology can’t be done in isolation. Building a fully modernized foundation depends on a holistic perspective of the technology, people and processes that make up the fabric of your business.