Attract, retain, and grow small-and-midsize-business customers

Traditional brick-and-mortar commercial banks are facing competition from a new generation of cloud-based fintech competitors that provide faster, better, and less-expensive services. Adopting cloud-native technologies can help you be more competitive and opens opportunities to find additional revenue streams, increase revenue from existing customers, and reduce churn.

Your small-and-midsize-business (SMB) customers need access to data and data analytics platforms that their larger competitors use, but lack budget and IT resources. Unfortunately, your legacy systems might make it difficult to provide those services in a timely manner and at an attractive price point.

Adopting cloud-native technologies lets you integrate broader access data streams and the ability to develop additional features and experiences reliably with less effort. Cloud-enabled IT automation helps lower the cost of improvements to the digital banking experience for SMB customers. This helps you attract, grow, and retain SMB customers with a full suite of value-priced services.

Generate new revenue with upSWOT and Red Hat

The upSWOT platform running on Red Hat® cloud technology gives you a powerful, security-focused solution to support your SMB customers. upSWOT features include business and personal credit score monitoring, actionable insights, accurate cash flow forecasts, streamlined loan processing, and personalized advice—all powered by more than 150 application programming interface (API)-enabled apps. upSWOT also collects, analyzes, and predicts financial performance and is available as a ready -to-use white-label product or through upSWOT RESTful APIs to build unique user interface and user experience (UI/UX) design experiences.

Red Hat platforms allow you to deploy upSWOT on any private, public, or hybrid cloud running Kubernetes. Red Hat’s cloud technology provides a consistent environment and experience across on-premise and public cloud deployments, allowing you to maintain security and deployment consistency and standards. Red Hat’s cloud technology also provides the ease of integration and connectivity that allows upSWOT to provide alternative data streams, usually unavailable for banks, that help them mitigate risks and perform better.