Banking

Banking

The future of the financial services is uncertain, and no one has a crystal ball to know what will happen in the coming years; although there are a number of characteristics that we know will define them: They will be digital, they will be targeted at people like you and me, and they will be customised to adapt much more to end users. New business models based on a form of digital economy are established every day, and financial institutions remain a very important part of the solution for them all.

Babel works with several financial institutions on their journey towards digital transformation, helping in the launch of new business models, leading the redesign of organisational processes, or innovating systems thanks to new technologies that focus on Banking as a Service as a fundamental part of the new paradigm.

As leaders of the Banking Business Unit, our vision is to be “the most innovative and disruptive people to ensure our customers become a benchmark in banking”.

Our applications

serve + 100 million users

Over 500 people

working on transformation projects worldwide

We provide support

for our clients present in 20 countries and 3 continents

Traditional banks have started their journey towards becoming banking technology companies

The banking sector is moving in a constantly evolving society. We no longer know how many types of generations, people, business, etc. spring up every day. We suffer situations of risk that we could never imagine would happen (COVID-19), and have to adapt services in record time. The Bank must be synonymous with innovation, adaptation, availability, security, business, etc., and above all technology, the mainstay for offering the best products, being familiar with its present and future customers, working on changing its social image, and continuing to grow in the increasingly changing global socio-economic context.

Value proposition in banking

Digital Financial Experience

Each bank has a different digital experience, but we cannot perceive a financial institution today that does not have one. In the past, the buzzwords were customer experience and financial products, etc. The new reality and technologies have made these terms obsolete, turning them into commodities in the search for a new horizon. Banks should consider financial products that can be contracted through any channel with the greatest autonomy permitted by law and maximum benefits. 

Bank As a Service

Processing speeds, cloud computing, artificial intelligence, etc. Technology never ceases to evolve as a service available to society, to be disruptive, creative and innovative in those offered to society. People are tech-savvy, and want to use it independently and quickly. The Bank cannot be a different situation. It must consider its products as a cloud service platform that can be used by competitors or related companies that need them.

Analytics streaming

Our clients in Banking require the latest sophisticated mass information analysis tools to ensure compliance with ever-more demanding supervisory regulations.

We implement cutting-edge digital solutions that analyse the entire flow of data from Market operations, including orders, intensive price feeds, news, etc. to detect any situations of non-compliance. 

Given these solutions, banks have access to mass information once it has been filtered in search of non-compliances, enabling them to examine and investigate only suspicious cases that cross the thresholds set by the bank itself.

These are advanced, highly efficient tools that rule out the possibility of non-compliance and facilitate audits and controls, thus leading to high profitability.

Process optimisation

We are experts in process analysis and automation tools, enabling our clients to improve the efficiency, effectiveness and quality of their business.

  • This technology allows for the modelling and design of processes, and their integration into the rest of the organisation’s IT assets, as well as the automation and optimisation of tasks, and their monitoring, measurement and continuous improvement.
  • Process management provides a clear and detailed cross-sectional view of what, how, who, when and why each task is performed in a company’s different business processes, streamlining the flow of its implementation and achieving key transparency in reducing costs and improving the quality perceived by its customers.
  • The use by an organisation of a corporate task inbox provides users with a unique working interface, avoiding the use of multiple tools to perform every-day work with the increased efficiency involved.

Babel

Worldwide

Chile

Santiago de Chile

Colombia

Bogotá

Costa Rica

Heredia, San Pablo

Spain

Barcelona
Madrid
Málaga
Oviedo
Sevilla

Guatemala

Ciudad de Guatemala

Morocco

Casablanca

México

México City

Panamá

Panamá City

Portugal

Ilha Terceira (Azores)
Lisboa
Proença-a-Nova

Dominican
Republic

Santo Domingo