What is Tibco BusinessWorks 6 and why it is an innovation in enterprise banking
October 18, 2021
Cezar Ginta

As technology advances, the financial industry is also changing at a fast pace. Gaining the competitive edge in a fast-moving industry such as banking requires innovative business initiatives with the support of fast distribution of new instruments.

What is Tibco BusinessWorks?

TIBCO ActiveMatrix is a technology-neutral platform for composite business process management (BPM) and service-oriented architecture (SOA) applications. The platform includes products for service creation and integration, distributed service and data grids, packaged applications, BPM and governance. Tibco is an important software because it makes the integration technology the foundation for:

  • The onboarding of up-to-date applications and ingeniously combining their features with services from current applications.
  • Empowering colleagues with expanded awareness related to the business, allows them to make informed decisions.
  • Exposing those services that engage the client in real-time conversations across the supported channels, this includes web, mobile, social and others.

Clients prefer technologies that can perform a range of activities from any device they use. Banks often compete in the current landscape by implementing innovative technologies such as TIBCO, because they leverage the power of the cloud in order to deliver all the flexibility and privacy that the customer wants.

Join our upcoming webinar, Insights on TIBCO BusinessWorks 6 to find out actionable insights about how can TIBCO impact your business.

Click here: https://us02web.zoom.us/webinar/register/WN_bgPdXCJdRKCNJxzfrE_VcQ

Why TIBCO is the innovation in enterprise banking?

1. The cloud system opens a large array of possibilities.

TIBCO can give a competitive edge by using API-led integration and some of the newest data management capabilities. Data is an important driving force and implementing TIBCO gives the user more resources in the relationship with the client.

2. The management of data guarantees the availability of accurate data.

One major step in digital banking is the management of data with ease. The cloud infrastructure enables banks to have a consistent supply of information across the Informational Technology landscape. Having lower quality data or poorly managed data can often create issues such as data theft, loss of customer trust and regulatory fines. TIBCO ensures absolute control over data and this provides a huge advantage in the banking sector. To put it simpler, data can be stored and the user can have full visibility over the way data is used, where it goes or even who accesses it or how it can be disposed.

3. Exposing the services that engage clients in real-time conversations.

Client retention is an important estimator of customer value and in the current landscape, supporting the clients throughout their journey is a measure of quality. Neo-banking is about providing clients with services that respond to their needs in real-time. When the client is faced with some challenges, reaching for help should be seen as an opportunity to provide users with customer value.

Check our FREE Case Study of Integration Platform Migration to TIBCO Business Works 6, where you can find out how we completed a successful migration of the legacy integration platform with ESB architecture towards TIBCO BusinessWorks 6 and a lean, microservices-based architecture.

Click to Download: https://www.mindit.io/tibco

It’s exciting to support this shift in financial services and be a TIBCO partner!

Talk to the team