PALAXO together with CANON Middle East demonstrated several banking use cases powered by CIRCULARO during this event. Middle East Banking Innovation Summit is the largest Banking Technology & Innovation Event in the Middle East that took place from 3-4 September 2019.
Many event participants from banking and financial industry confirmed the rising need of seamless digital experience when interacting with their customers, especially when it comes to onboarding new clients, collecting the important documents on the way and signing various related forms and contracts electronically. Not mentioning many back-office paperless initiatives that are on the way to help to automate and streamline the approval and sign off processes across many different departments.
CIRCULARO together with CANON Middle East presented their vision of customer digital journey in banking and financial industry and how it can be empowered using modern eSigning and contract management solutions like CIRCULARO.
It’s obvious that although on-premise deployments and in-house solutions are still a big part of banking ICT infrastructure the shift to modern cloud based digital solutions is on it’s way.
Couple of years ago the perception was that the most secure solutions are those that are deployed in-house. Nowadays the IT and security departments are more and more willing to accept the superior security that is available as part of current cloud based offerings in the UAE at a fraction of the in-house cost and with much more resilient and versatile infrastructure available.
CIRCULARO being data center agnostic platform with successful on-premise and cloud deployments in both Alibaba and Microsoft Azure data centers in the region is matching well with the compliance and regulatory needs of the local financial institutions.