Appian and EY have established a strategic alliance with the goal of radically transforming the financial industry. This collaboration focuses on optimizing processes and operations through the use of advanced technology and EY’s extensive consulting experience.

Both organizations have developed a technological solution for the sale of assets that seeks to improve efficiency, reduce costs and increase the operational agility of financial institutions, adapting to a constantly changing and increasingly competitive market.

«This strategic agreement with Appian reinforces our position as leaders in the digital transformation of the financial sector. By integrating Appian’s innovative technology with our deep consulting experience, we are able to offer disruptive solutions that not only optimize our clients’ processes and operations, but also provide them with a significant competitive advantage,” highlights Roberto Diez Cerrato, responsible partner. from the Banking and Capital Markets sector of EY Spain.

Challenges of the Financial Sector

The financial sector faces numerous challenges, such as recruiting and retaining young talent, quickly adapting to changing regulations, improving cybersecurity, and demand for more efficient user experiences. Additionally, companies continually seek to improve efficiency, reduce costs and innovate to attract new customers, who expect fast implementation times, competitive pricing and experienced teams.

The solution developed by EY, using Appian technology, addresses these challenges by optimizing the use of resources and achieving higher levels of operational efficiency and effectiveness. Oscar García de Andoín, regional vice president of partners for Iberia and Latam at Appian, explains: “At Appian we help organizations create agile applications and workflows with a low-code platform. By combining people, technology and data in a single workflow, we help companies maximize their resources and improve their business results.”

Agility in process design and modeling, along with easy user adoption, is crucial to meeting customer needs and adapting to market changes. Bernardo González Sandoval, director of EY FSO Technology Consulting, points out: “We offer cutting-edge technological solutions and services, from transformation and conceptualization strategy to delivery, maintenance and evolution, covering all client needs and requirements. Having an ally like Appian is essential to implement our experience and offer innovative and efficient solutions to our end customer.”

Benefits of Automation and Digitalization

EY professionals have developed a platform on Appian that is stable, simple and easy to use, flexible to meet the requirements and needs of the financial client. Víctor Pizarro, partner responsible for the Platforms and Technological Transformation area of ​​EY Consulting FSO, states: “A digital solution created to measure according to the needs, taking into account the design, development, implementation, support and maintenance to also achieve a efficient management of the business activity of each organization, with the option to automate and digitize all processes from end to end, eliminating manual procedures that slow down processes. In addition, the solution is closer to non-technical business profiles, allowing configuration or changes to be made without the need for technological knowledge.”

The EY and Appian solution will allow organizations to make more informed and strategic decisions, identifying and analyzing behavioral patterns to optimize processes and improve the effectiveness of the entire chain. This will allow end clients to execute their business processes in a more agile manner, achieving significant increases in performance with less human effort, and providing secure and reliable access that will allow them to focus on their strategic objectives with greater confidence and security.