SMBC will leverage Unqork to build out an internal Center of Excellence for digitization using no-code
Unqork, the leading enterprise no-code platform, announced it has entered into an agreement with Sumitomo Mitsui Banking Corporation (“SMBC”) to use Unqork’s no-code platform to digitize core SMBC operations as part of the bank’s focus on innovation and automation. The announcement comes as part of a digital strategy driven by SMBC’s Digital & Innovation group to build strong in-house capabilities and an internal Center of Excellence around no-code, digital, and automation.
The partnership will start with a focus on digitization within SMBC’s capital markets division, and then scale to support SMBC’s larger digital strategy and development of an internal Center of Excellence. By rapidly identifying use cases across SMBC that can benefit from digitization and automation and then bringing solutions to market at faster speed with tools like Unqork, SMBC will benefit from a significant competitive advantage.
“It is our pleasure to partner with Unqork to accelerate our goal of removing manual interventions in various key bank processes, which will help us simultaneously reduce costs associated with manual processes, and improve our data quality which will support the innovation and fintech initiatives we have on our roadmap,” said Steve Dunn, Head of Partnerships, Innovation & Fintech at SMBC Americas Division.
Unqork was designed specifically for highly-regulated industries and has deep experience serving customers in financial services. SMBC chose Unqork as the no-code platform for this effort given its proven ability to deliver business value – helping customers get to market faster while enhancing quality and lowering costs for development and maintenance.
“Once Unqork is introduced into an organization, there are endless possibilities for digitizing and automating mission-critical processes,” said Rabih Ramadi, Head of Financial Services and Insurance, Unqork. “We are impressed with SMBC’s innovative approach to digitization and are excited to partner with them on this endeavor.”
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