Canon Middle East (CME), an imaging technology and service provider, is launching a pioneering end – to – end (E2E) banking, financial services and insurance (BFSI) complaint platform that will form and define a fresh era of digital activities in the area.
The E2E compliancy platform unveiled at the 9th Annual Middle East Banking Innovation Summit in Dubai, United Arab Emirates (UAE) on 3-4 September 2019 and has been created by Canon to help BSFI organizations to monitor, enhance agility and execute new compliancy procedures rapidly. The compliance platform can recognize the effect of a legislative change on corporate policies and procedures implemented instantly; define commitments and apply for fresh or altered product or procedures; automate audits and regulatory reporting; and decrease compliance process expenses.
The E2E compliancy platform was created with technologically sophisticated alternatives such as Robotics Process Automation (RPA), Artificial Intelligence
And Machine Learning (AI), Natural Language Processing (NLP), Blockchain, Business Intelligence (BI) & Analytics and Customer Experience Innovations to
Guarantee that banking and financial organizations can react quickly to regulatory modifications and comply with them.
ShadiBakhour, B2B Business Unit Director, Canon Middle East, said, "The banking and financial services sector faces a number of challenges in moving from legacy, manual systems to more digitally-enabled infrastructure due to compliance, security, regulatory and other issues that may affect rapid adoption. These challenges have also been particularly amplified in a market where there are economic shifts that may have an impact on how far-reaching decisions are taken. As a trusted technology partner, we can offer an ecosystem of solutions that are interdependent and work together seamlessly to make the integration of digital solutions more efficient, cost-effective and customized.
Canon will also present extra BSFI sector-specific services and solutions to promote the digital transformation of the industry during the summit. Some of Canon's digital solutions incorporate traditional company solutions such as managed print services, multifunction printers, check scanners, e-signature solutions, as well as BFSI-specific innovations such as boarding and experiencing alternatives for customers, RPA, AI and block chain. Indeed, according to Deloitte's2019 Banking and Capital Markets Outlook: Reimagining the transformation report, RPA is already generating productivity gains worldwide, and AI provides smart insights into clients, compliance, and activities
Khaled Antoun, General Manager, Canon Emirates, who will also give a keynote presentation at the Summit, said: "The UAE is witnessing a basic transition towards more contemporary, digital facilities in many sectors, driven mainly by the government's emphasis on the transition to intelligent and sustainable cities as described in Vision 2021. While there have been some market difficulties, the banking sector is anticipated to expand by 6.5 per cent this year, and the techniques that Canon is introducing will not only support the UAE's Vision 2021, but will also satisfy the demands of the increasing baking and economic sector that is in the phase of digital transformation. Through our inventions, we are able to show the advantages of the transition to a contemporary infrastructure, so that organizations can be competitive and ready for a future that is certainly more digital in nature.
Alongside the E2E technology platform, Canon Middle East's BFSI strategic program also seeks to co-create trends with peer groups in the banking and financial services industry in order to meet their present requirements and prepare them for future technological innovation developments.