ELO ECM for financial services

Mobile banking, digital account management and innovative payment systems - driving the digital transformation in finance with ELO

Traditional banking and insurance companies are joining forces with young, disruptive fintech startups. ELO offers solutions for 'fintegration' and enables communication between different IT systems.

Regulatory authorities require companies to document all transactions meticulously using IT systems that provide a full audit trail. ELO workflows speed up your processes and offer secure and compliant solutions, such as for HR and contract management.

Big data and the shift in consumer behavior continue to be key topics, with a growing number of customers opting for mobile banking. More and more customers prefer to do banking by smartphone. ELO equips your business for the future and optimizes your customer service.

ELO prepares the financial sector for DORA

With the Digital Operational Resilience Act (DORA), the EU aims to strengthen the financial sector against digital threats. This regulation defines measures to enhance data security while ensuring that core operations can continue even during a reportable incident. In force since 2023, DORA must be fully implemented by early 2025.

To support financial institutions in aligning their contract management processes with DORA, ELO offers a DORA module for ELO Contract. Seamlessly integrated into the contract file, the module provides targeted tools to help organizations meet regulatory requirements with minimal effort.

DORA enhances data security in the financial sector

DORA is an EU regulation designed to strengthen the digital resilience of financial sector companies. The Digital Operational Resilience Act (EU 2022/2554) came into effect on January 17, 2023, and must be implemented as of January 17, 2025. It plays a key role in protecting the European financial market against cyber risks and ICT-related incidents. As an EU regulation, DORA is directly applicable and does not have to be transposed into national laws. Its reach also extends beyond the EU: any institution operating within the EU or providing services to EU customers is subject to the regulation. In Germany, this includes all companies regulated by BaFin.

ELO is not only integrated into Navision, but we can also control and automate our processes while enabling information transparency.

Peter Degenhartt, project manager, Seyffer GmbH

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