As the financial sector moves into the future, technology will play a crucial part in improving banking practices.
At Convene, we understand how important it is for financial institutions to trust the software they use. To avoid financial crisis, banking technology infrastructures need to be stable and reliable. In many cases, financial institutions stick with outdated legacy software that harms their ability to manage complex transactions and deal with ever-evolving security threats.
That’s why we’re so proud of the number of banks that have chosen Convene’s Board management software. With numerous clients in the financial sector, our award-winning Board Portal combines trusted security and governance standards with comprehensive modern features to ensure banks can stay ahead of digital transformation.
Through talking to our customers, we’ve put together some of the key reasons cited in their decision to choose Convene:
Convene Transforms Outdated Internal Processes
As the financial sector moves into the future, many banks are realising they need to let go of outdated software to improve internal processes.
Convene is designed to maximise efficiency and enhance collaboration at every stage of the administrative journey. The purpose-built solution offers the perfect alternative to old, inefficient practices.
The advantages of the software were noted by Chris Spanias, Solution Architect at Tesco Bank. In his words: ‘Before Convene, our admins had to print out meeting packs and use the old software. It defeated the purpose of going digital and just increased the workload for them.’
From the intuitive Agenda Builder to our auto-generated meeting minutes feature, Convene can simplify meeting administration. This means your team can reduce the time they spend on pointless, repetitive tasks and focus their attention on the important parts of banking governance.
As Chris concluded, ‘Convene has saved our admins time and increased efficiency when it comes to organising meetings.’ Efficiency, after all, is the key to success.
Convene's Intuitive Interface Is Easy-To-Implement
Alongside pre-meeting preparation, Convene is designed to improve in-meeting collaboration and create more dynamic meetings. The complex issues handled by banks during Board meetings mean directors don’t need the added complication of confusing software.
Convene’s interface is user-friendly, so even the most technophobic Board members can pick it up easily. Every feature helps make meetings clearer and more effective.
In the words of Christina Giannopoulou, the user-friendly nature of Convene was one of the main draws for Piraeus Bank. She told us that: ‘It was important for our members to be able to access information easily and to share important documents during meetings. We really liked the user interface of the Convene application, and we found it very user-friendly.’
Convene Meets High Security Requirements
Banks cannot afford to take risks with their data, as they have a duty to their clients. With AES 256-bit encryption for the software and CMMI Level 5 accreditation for the company, Convene is designed to respond to evolving cybersecurity threats and comply with financial regulation.
Paper documents are not secure. They can be picked up and read by anyone who happens to walk into the room. Convene’s data protection makes a quantifiable improvement to Board meeting security.
Our fully-GDPR compliant system supports the provision of banking services and protects high-level financial data in the long term. To learn more about how Convene’s state-of-the-art data protection system can help you provide financial products and services, take a look at our security features.
Risk management is essential for comprehensive financial stability and we aim to support the highest standard setting. With Convene, banks can rest assured their data is safe.
Convene Enhances Remote Collaboration
Convene’s main purpose is to streamline communication so financial services can improve their operating models. Many banks appreciate the ability to bring together remote members - particularly in the aftermath of the pandemic. In an age increasingly regulated by remote interactions, it is essential your software is purpose-built for corporate governance.
As Afonso Cardoso de Menezes, Company Secretary of Bison Bank observed: ‘Convene facilitates and encourages vital international collaboration which is critical for success.’
Afonso crucially noted that: ‘Information is now accessible to Board members internationally in an instant.’ Fluent communication is at the heart of financial transformation, and our software streamlines this exchange. With Convene, financial governance can be smart, simple and secure.
Convene is an award-winning Board Portal designed to digitise and streamline public and private sector meeting processes from start-to-finish. From managing credit cards to planning mortgages, our software can enhance your internal processes and make international collaboration simpler.
Convene now also comes as an integration with Microsoft Teams, which provides the benefits of both Teams and a Board Portal. Your whole team can stay on the same page and work together to improve financial governance.
The wide range of features includes, but is not limited to:
- A Document Library with role-based access to ensure your sensitive documents are protected.
- A built-in Audit Trail, so you can be sure you are compliant with all regulations.
- Integrated Video Conferencing, so you can make the switch from remote to hybrid working seamlessly, whilst still viewing your Board Pack all on one screen.
- Surveys, with the option for anonymity, so you can be sure you are aware of your employees' opinions.
- Accessibility Features, including text-to-voice, which makes us the leading accessible Board Portal.
From the central bank to a small business, Convene can support your financial systems and enhance collaboration at all levels. If you’d like to learn more about how Convene can help your organisation achieve better governance, please do not hesitate to book a free demo today!
You can also keep an eye on our LinkedIn to learn more about upcoming governance events.
