Drupal for Banking Industry – Everything You Need To Know
We ran a survey and found out that many banks are struggling to make a profound decision on what CMS (Content Management System) can empower their bank’s online presence. After all, the entire banking sector is undergoing a digital transformation revolution. Fintech experts are now driven by new competition, technology, regulation compliance pressure, and evolving business models.
One reason for this ignorance, particularly at the regional level may be the monoliths taking over the communities worldwide. Customer trust and confidence should be the primary goal of every bank and that is why, in the last few years, banks are putting a giant focus on creating a positive public image via highly dynamic web technologies.
So, if you are wondering how to create a digital presence for your financial firm, it’s time to consider creating a new website using Drupal and the tools that it offers or hire Drupal developers and go the professional way. Banks are implementing Drupal open-source CMS to empower their online presence and entrust the enhanced security that comes with Drupal. Today, Drupal web development services in India is a reliable CMS for banks that offer powerful features and improve their customer’s experience. Most banks leverage the expertise of Drupal development service companies to digitally transform their business using.
You may be new to this open-source content management system but there is always a little comfort in knowing that you are a part of such a large community. So, in this blog, we shall find out more about the worldwide Drupal landscape. But, before we start, let’s first have a look at what challenges banks have faced without a proficient CMS
Challenges faced by banks due to lack of CMS
Before you proceed with using Drupal CMS to create a new website and establish a strong online presence, let’s have a quick walk through the various challenges you may face without winning your online customers:
- Loss of market share in B2C banking and B2B services as well
- Lack of technology stack growth in accordance with customer expectations
- Inability to create a seamless experience to cater to the large audience
- Inability to provide a highly secure platform via primary web presence
Regulations and compliance issues
Drupal offers an end-to-end solution that can help the banking industry overcome these challenges, thanks to its truly scalable nature. From the technology point of view, there are four major benefits of choosing Drupal as your CMS:
Highly Secure Platform
Currently, Drupal development services in India is the go-to solution for the federal government, state government, associations, higher educations, and eCommerce websites. Why? Drupal focuses on security and has been ingrained into the platform since its first iterations. It is a great open-source platform with an impressive culture and security protocols. Above all, Drupal is well regarded as a significantly better secure platform than its other counterparts – Joomla and WordPress.
Flexibility
Every CMS claim to offer flexibility to qualify for the giant business market. Unfortunately, only a few CMS’ fit into criteria that define flexibility. Drupal provides the maximum number of capabilities to manage complex integrations, create a dynamic web experience, and ensure it doesn’t fall into a “pre-built template” structure. Also, it offers the optimum level of control to the marketing team.
Whether it’s core banking software, investment portals, or B2B tools and resources, Drupal creates a seamless experience for all types of customers while limiting threat exposure.
Meet Compliance Standards
The banking industry often suffers due to accessibility-related issues which further transforms into intense legal action. These lawsuits prove to be more expensive and exhausting than a mindful investment on a CMS platform that meets the standards set forth by the national governing body. Drupal supports the accessibility standards that banks require to meet and stay in compliance with ADA standards.
Consolidation
Every banking facility has different portals, calculators, and tools to help their constituents, be it the customers or business professionals they interact with. Drupal eliminates all these hundreds of tools and combines them as a single portal that’s intuitive to its end-user.
Conclusion
The world is taking a paradigmatic shift and banking institutions are iterating on the demands quickly to get ahead of the competition while offering alternative financing sources, branch-less banking, and more. However, the need for enterprises to reinvent solutions to achieve their desired objectives gets resolved with Drupal. The other deployments of Blockchain, Cloud, AI, and big data are commercially available to leverage a comprehensive data ecosystem but with some mitigating risks.
These deployments will demonstrate significant improvements in automation, digitalization, analytics, quality, security, and compliance, taking your business framework ahead.
Let’s connect so that our experts can give you more insights on choosing Drupal as your CMS platform.
Frequently Asked Questions
Q1.Why choose Drupal for Fintech?
Drupal is one of the most popular and reliable CMS platforms leading the digital FinTech transformation. As an innovative open-source platform, financial institutions can leverage Drupal CMS to scale a comprehensive data ecosystem via APIs.
Q2.Is Drupal safe for the banking industry?
In simple words, Yes! Many well-renowned and famous banking organizations have chosen Drupal as their CMS platform. For instance,
- National Association of Securities Dealers Automated Quotations (the 2nd largest stock exchange in the world)
- BAC Credomatic Group
- Webster Bank
- Voya financial
- And more
Q3.How to choose the best Drupal development agency for banking institutions?
Before you commit to any Drupal development agency, here is a checklist to choose the right one:
- Know what you want to develop or create using Drupal as your CMS platform
- Keep your budget handy
- Research about the company and its clientele
- Ask the agency to ensure that their developers are well-versed with custom development in Drupal
- Make sure they understand the system and are well-equipped with in-depth Drupal tools and features
