a

Microsoft Power Apps for Banking & Finance

Quickly build and share low-code apps to drive innovation

Rapidly solve your business problems and increase productivity through the creation of low-code or no-code apps that can easily be built in hours – not months. With Power Apps, you can streamlineautomate and digitise many manual daily processes to increase agility across your organisation.

Why You Should Be Using Power Apps

Watch me ↓

App Development Backlog

65% of organisations report an app development backlog.

Paper processes

37% of organisations are still using paper to manage critical business processes.

Technical Skill shortages

67% of CIOs and tech leaders say IT skills shortages are preventing them from keeping up with the pace of change.

Low code App Development

Gartner estimates that 65% of all app dev will be low code by 2024

Get the benefits of using Power Apps

[dica_divi_carousel show_items_tablet=”4″ loop=”on” arrow_nav=”on” item_spacing=”9″ item_spacing_tablet=”” item_spacing_phone=”0px” item_spacing_last_edited=”on|phone” equal_height=”on” advanced_effect=”1″ arrow_bg_color=”RGBA(0,0,0,0)” dots_color=”RGBA(0,0,0,0)” arrow_font_size=”50px” carousel_container_margin_tablet=”” carousel_container_margin_phone=”” carousel_container_margin_last_edited=”on|phone” innercontent_padding=”18px|26px|8px|7px|false|false” innercontent_padding_tablet=”” innercontent_padding_phone=”|40px|18px|26px|false|false” innercontent_padding_last_edited=”on|phone” image_container_zindex_tablet=”” image_container_zindex_phone=”10″ image_container_zindex_last_edited=”on|phone” arrow_font_size_tablet=”” arrow_font_size_phone=”40px” arrow_font_size_last_edited=”on|phone” _builder_version=”4.9.11″ _module_preset=”default” background_enable_color=”off” nav_icon_line_height_tablet=”” nav_icon_line_height_phone=”0.96em” nav_icon_line_height_last_edited=”on|phone” global_colors_info=”{}”][dica_divi_carouselitem title=”1. Get started quickly” button_url_new_window=”1″ image=”http://dev.decisioninc.com/wp-content/uploads/2021/11/1622029075606.jpeg” content_padding=”7px|12px|7px|12px|true|true” custom_margin=”||24px|17px|false|false” custom_padding=”||3px||false|false” _builder_version=”4.9.11″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”21px” subtitle_text_align=”justify” body_text_align=”left” body_text_color=”#0A4875″ body_font_size=”13px” border_radii_item=”on|30px|30px|30px|30px” box_shadow_style=”preset2″ global_colors_info=”{}”]

Empower your team to start building and launching apps right away using pre-built templates, drag-and-drop simplicity, and quick deployment, so you can deliver value fast and continuously evolve features to further benefit your bank.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”2. Build apps without risk” button_url_new_window=”1″ image=”http://dev.decisioninc.com/wp-content/uploads/2021/11/happy-male-writing-positive-mail-client-scaled.jpg” content_padding=”7px|12px|7px|12px|true|true” custom_margin=”||24px|17px|false|false” custom_padding=”||3px||false|false” _builder_version=”4.9.11″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”21px” subtitle_text_align=”justify” body_text_align=”left” body_text_color=”#0A4875″ body_font_size=”13px” border_radii_item=”on|30px|30px|30px|30px” box_shadow_style=”preset2″ global_colors_info=”{}”]

Clear the way for innovation by empowering bankers to develop apps that improve processes without compromising your banking security and compliance standards.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”3. Enable extensibility for developers” button_url_new_window=”1″ image=”http://dev.decisioninc.com/wp-content/uploads/2021/11/business-man-looking-analyzing-projects-his-laptop-computer-tablet-scaled.jpg” content_padding=”7px|12px|7px|12px|true|true” custom_margin=”||24px|17px|false|false” custom_padding=”||3px||false|false” _builder_version=”4.9.11″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”21px” subtitle_text_align=”justify” body_text_align=”left” body_text_color=”#0A4875″ body_font_size=”13px” border_radii_item=”on|30px|30px|30px|30px” box_shadow_style=”preset2″ global_colors_info=”{}”]

Provide professional developers the tools to seamlessly extend app capabilities with Azure Functions and custom connectors to proprietary or on-premises systems.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”4. Infuse AI to add powerful in-app intelligence” button_url_new_window=”1″ image=”http://dev.decisioninc.com/wp-content/uploads/2021/11/businesswoman-using-tablet-analysis-graph-company-finance-strategy-statistics-success-concept-planning-future-office-room-scaled.jpg” content_padding=”7px|12px|7px|12px|true|true” custom_margin=”||24px|17px|false|false” custom_padding=”||3px||false|false” _builder_version=”4.9.11″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”21px” subtitle_text_align=”justify” body_text_align=”left” body_text_color=”#0A4875″ body_font_size=”13px” border_radii_item=”on|30px|30px|30px|30px” box_shadow_style=”preset2″ global_colors_info=”{}”]

Automate your manual banking processes with pre-built, AI-infused app components that allow users to leverage built-in intelligence and discover actional insights with a simple point-and-click.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”5. Integrate data with just a few clicks” button_url_new_window=”1″ image=”http://dev.decisioninc.com/wp-content/uploads/2021/11/how-power-bi-creates-data-magic-for-retail-cios.jpg” content_padding=”7px|12px|7px|12px|true|true” custom_margin=”||24px|17px|false|false” custom_padding=”||3px||false|false” _builder_version=”4.9.11″ _module_preset=”default” header_font=”|700|||||||” header_text_align=”center” header_font_size=”21px” subtitle_text_align=”justify” body_text_align=”left” body_text_color=”#0A4875″ body_font_size=”13px” border_radii_item=”on|30px|30px|30px|30px” box_shadow_style=”preset2″ global_colors_info=”{}”]

Create banking apps that act on the data you collect and use every day—capture new data directly, integrate data from hundreds of sources with pre-built custom APIs, and act on insights with the click of a button.

[/dica_divi_carouselitem][/dica_divi_carousel]

Here are 4 reasons Power Apps could be right for you

Use Existing Talent

You have talented people on your staff—empower them to do more! All your employees can become citizen developers and problem solvers. Eliminate the IT skills gap so your team can build apps with minimal training.

Accelerate Development

Creating custom apps can take months or even years. But when your business is growing, you need to be agile. Instead, build an app in hours. Catch up on your backlog or prevent it in the first place with accelerated app development.

Save Money

Off-the-shelf software is expensive and often has more functionality than you need. Build custom apps the cost-effective way—saving money in development, creation, and future maintenance.

Scale

As your business grows, your apps need to grow with you. It’s also vital that you keep up with security and compliance requirements. Scale while also staying on top of management.

Build world-class apps rapidly using low-code, modernising your banking processes and increasing your agility.

9 Ways Power Apps Can Improve Processes In Banking & Finance

[dica_divi_carousel show_items_desktop=”1″ show_items_tablet=”1″ arrow_nav=”on” dot_nav=”on” equal_height=”on” advanced_effect=”1″ arrow_nav_color=”#FFFFFF” arrow_bg_color=”#0A4875″ dots_color=”#FFFFFF” dots_active_color=”#F69570″ arrow_position=”middle-outside” arrow_font_size=”33px” carousel_container_margin_tablet=”” carousel_container_margin_phone=”||-30px||false|false” carousel_container_margin_last_edited=”on|phone” content_container_margin_tablet=”” content_container_margin_phone=”||-28px||false|false” content_container_margin_last_edited=”on|phone” content_container_padding_tablet=”” content_container_padding_phone=”” content_container_padding_last_edited=”on|phone” _builder_version=”4.9.11″ _module_preset=”default” title_text_align=”center” title_font_size=”28px” body_text_align=”center” body_text_color=”#FFFFFF” body_font_size=”16px” background_color=”RGBA(0,0,0,0)” global_colors_info=”{}”][dica_divi_carouselitem title=”Global Contact Management” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” content_padding_tablet=”” content_padding_phone=”|19px||19px|false|true” content_padding_last_edited=”on|phone” button_margin_tablet=”” button_margin_phone=”” button_margin_last_edited=”on|phone” button_padding_tablet=”” button_padding_phone=”” button_padding_last_edited=”on|phone” custom_margin_tablet=”” custom_margin_phone=”” custom_margin_last_edited=”on|phone” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_align=”center” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}” custom_margin__hover_enabled=”off|desktop”]

Power Apps helps financial institutions shift from an account-centric to a customer-centric model by enabling them to build apps that can connect to over 300 different data sources. This will enable them to gain a 360-degree view of the customer. Armed with this data — including household information, service history, products owned, major milestones, and customer preferences — banks and credit unions can focus on the individual and deliver personalized marketing, customer service, and more to enhance the customer or member experience.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Manual Process Automation” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” global_colors_info=”{}”]

Power Apps can create digital forms customers and members can fill out via mobile devices. With Power Automate one can automatically upload your data to a centralised database, where it can be securely stored, accessed, and updated as needed. This enables financial institutions to eliminate clunky legacy systems.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Streamlined Onboarding” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Banks can use Power Apps to modernise and simplify your onboarding process. Power Apps can be used to onboard new customer using the digital forms to fill out electronically with basic information such as their name, date of birth, address, contact information and general preferences. Power Automate can upload that information to a centralised database and automatically start to build out a customer profile based on the details provided. Power Automate simultaneously uploads the new customer information to its core customer relationship management system, that data is also pushed to other solutions within its software ecosystem and customer data records are automatically updated.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Business Process Automation & Management” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Banks can use Power Apps to save time for their employees and increase customer experience through automating your manual processes using Power Automate. For example, a bank teller might talk to a customer who’s interested in a mortgage and then must manually route that information to a loan originator. From there, the loan originator would have to use one system to originate the loan application, and then another to track that application as it is processed. Banks can use Power Automate to automatically track this process and a Power App to build an interface to view progress updates, thereby enabling them to manage everything from a single system and save time and clicks.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Remote Work Empowerment” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Banks can use Power Apps to create mobile apps and experiences that enable financial advisors and other employees to securely service their clients even when they aren’t in the main office. Power Automate can enable employees to collaborate in real time without the need for face-to-face interaction.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Multi-stage Approval Automation ” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Banks can use Power Apps to automate complex, multi-stage approvals for larger deals. Excel-based approval processes, that creates a significant amount of work not only for the individual’s requesting approval, but also for the approvers can lead to a lack of diligence and slow, inefficient processes holding the client’s business back. Power Apps can transform your business by creating a flow in Power Automate that enables you to automatically trigger an approval request any time a deal reaches the approval stage. Essentially this can reduce your approval process from one to three weeks to one to three days, saving valuable time and automatically preserve the client’s approval history ensuring traceability.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Member Engagement Modernization” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Power Apps can be used to modernise the customer and member engagement experience, starting with Power Virtual Agents. Power Virtual Agents makes it easy for financial institutions to create artificially intelligent chatbots that can integrate with any number of services, from their online banking platform to their mobile banking solution.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Customer Portals” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Banks can use Power Apps to build easy-to-use portals on their online banking platforms that enable customers and members to submit requests, securely look up account information, ask questions or submit customer support tickets.

[/dica_divi_carouselitem][dica_divi_carouselitem title=”Internal Collaboration” button_url_new_window=”1″ content_padding=”|19px||19px|false|true” _builder_version=”4.9.11″ _module_preset=”default” header_text_color=”#FFFFFF” body_text_color=”#FFFFFF” body_font_size=”17px” body_font_size_tablet=”” body_font_size_phone=”14px” body_font_size_last_edited=”on|phone” global_colors_info=”{}”]

Power Apps can provide banks and their multiple different departments with a common underlying data platform while still giving each group the unique experience it needs. This will improve collaboration between the typical siloed departments.

[/dica_divi_carouselitem][/dica_divi_carousel]

GAIN MORE INSIGHTS

Download these resources to gain insight as to why Power Apps will transform your business.

ACCESS RESOURCES HERE

Microsoft Power Platform – enabling and managing “citizen development”_Article_Decision_Inc

Leveraging Microsoft Power Apps for Financial Services

Technology is more important than ever. Now is the time to introduce apps that address new challenges brought by Covid-19, and that empower financial decision makers to help create differentiated experiences and new business models.

Intelligent Banking Guide

Financial intuitions need to invest in emerging digital technology to ensure they stay at pace with the changing business environment. The use of artificial intelligence, machine learning, blockchain ledgers, are no longer optional but are central to a digital strategy.

Data_Driven_Decision_Inc_

Power Apps simplifies the process of building custom applications to solve your banking challenges. It’s an easy, fast, and cost-efficient way to turn your bright ideas into brilliant apps.