5 Low-Code/No-Code Real-Life Examples for Financial Services [Infographic]
Are you looking for examples of low-code or no-code applications in real organizations in the financial industry? Curious about what other companies have done with citizen development? We have rounded up five different examples of citizen development in financial services, all of which show a range of benefits from empowering employees to increasing revenue to saving costs.
1. Revolut uses low-code application for user verification for its banking application
The three-year-old fintech start-up needed a secure method to verify people’s identities across the world. It used a no-code SMS API with two-factor authentication to ensure its users were genuine, enabling it to deliver support and communicate with customers.
“We needed to provide an extra layer of security to know that the customers who are using the app are real. When a user creates a new Revolut account, a code is sent to their phone to make sure that they are a genuine user. We also use SMS to send reminders to customers who may have failed or forgotten to complete the second stage of our registration." - Neil Shah, Product Owner Expansion, Revolut
2. Standard Bank Creates Center of Excellence for Digitization
South African-based Standard Bank has created a center of excellence allowing business units to own their own digitization journey. An early successful project was …
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"Impartial observers from other planets would consider ours an utterly bizarre enclave if it were populated by birds, defined as flying animals, that nevertheless rarely or never actually flew. They would also be perplexed if they encountered in our seas, lakes, rivers and ponds, creatures defined as swimmers that never did any swimming. But they would be even more surprised to encounter a species defined as a thinking animal if, in fact, the creature very rarely indulged in actual thinking." - Steve Allen |
