In financial services, life moves fast, but systems lag behind. Lengthy approvals, legacy tech, and changing compliance create constant hurdles. IT teams are stressed, backlogs grow, and costs climb, impacting CSAT scores and brand loyalty. The need for low-code digital transformation in finance becomes clear. Executives are expected to drive efficiency, cut costs, and modernize, without causing disruption.
The good news? Change is possible. Low-code platforms like Mendix are springboards for digital transformation in finance, offering a smarter, faster path to success. In fact, 70% of financial institutions plan to invest in low-code in 2025. But here’s the real question:
What is low-code? And why is Mendix the best platform to guarantee efficiency and impact?
What Is Low-Code? And Why Care?
At its core, low-code is a smarter way to build software with less, well, code. It’s not about shortcuts as much as it is efficiency. It allows teams to build applications faster with visual modeling, drag-and-drop tools, and pre-built components, while still keeping room for custom code. With built-in scalability, cloud flexibility, and seamless API integrations, low-code empowers self-sufficient teams that stay ahead of the game.
The Business Case for Low-code in Financial Services
As an executive, you probably don’t buy tech for the sake of it. You invest in outcomes. So let’s talk numbers and impact:
- Faster time-to-market:
72% of users deliver apps in under three months using low-code. Less time waiting on IT, more time launching revenue-generating solutions, and more agile responses to market demands. - Cost efficiency:
Companies using low-code report a 54% lower TCO. Why? Less reliance on expensive developers, fewer maintenance costs, and no costly technical debt. - Operational efficiency:
Automated workflows eliminate manual tasks, freeing up your resources and reducing errors. - Regulatory compliance & security:
Financial institutions spend 30-40% of IT budgets managing compliance, with regulatory fines for compliance failures reaching billions. - Better customer experience:
Customer-facing apps go live faster, deflect call center loads, cut down wait times, and increase self-service adoption.
Implementing Low-Code the Right Way: Key Considerations for Financial Services
Choosing a Low-Code Platform That Works for You.
Not all low-code platforms are created equal. Financial services demand enterprise-grade security, seamless integration, and regulatory compliance, anything less is a liability. This is where Mendix comes out on top with:
-> Business & IT alignment: one shared language, one platform
It empowers you with a single, end-to-end environment for the entire software lifecycle, fostering real-time co-creation between business and IT. With visual modeling and in-app feedback, it streamlines idea capture and alignment, ensuring both teams speak the same language. This eliminates shadow IT and misalignment, leading to faster execution with built-in governance.
-> Enterprise-grade security & compliance: Built-in risk controls and audit trails
Security breaches can be catastrophic in the financial world. Mendix goes above and beyond to build security into every step of the development process.
- Role-based access controls ensure the right people have the right permissions.
- Audit trails keep a full history of actions for compliance.
- Data encryption & identity management protect sensitive financial data.
-> Cloud-agnostic deployment: It’s your call.
Choose the environment that aligns with your requirements, whether it’s:
- On-prem for strict data residency laws
- A private cloud for scalability
- Air-gapped deployment for high-security environments
Mendix adapts to your compliance needs… not the other way around.
-> Scalable API & integration capabilities: Seamless connections to your core systems.
If a platform can’t integrate, it’s useless. Mendix makes connecting with core banking, risk management, and compliance systems seamless:
- Prebuilt connectors for major financial platforms.
- API-first architecture so data flows securely.
- No messy workarounds, just clean, scalable integration.
This means no silos, no disruptions, and no unnecessary vendor lock-in, just a platform that works with your existing infrastructure, not against it.
-> A reliable foundation: Solid and sustainable.
Building for the future requires a platform you can trust. Mendix guarantees you:
- An industrial-grade, Siemens owned platform proven in the toughest environments.
- Years of domain expertise, long-term stability, and extensive partner support.
This combination gives you unmatched assurance for your future-proof, mission-critical solutions.
Bottom Line?
This is low-code that actually works for financial services. If you’re serious about speed, security, and scalability, Mendix is the best platform out there that delivers on all three fronts.
The Right Platform Is Half the Battle. The Right Partner Matters.
Here’s the reality: Most digital transformations in finance don’t fail because of the platform. They fail because the organization chooses the wrong implementation partner.
Avoid partners who:
🚩 Do not deeply understand financial regulations, risk, or compliance.
🚩 Treat low-code as an IT tool instead of a business-wide enabler
🚩Try to do too much at once, instead of starting small and scaling smart.
🚩Pushes a “one-size-fits-all” approach. At that point- WALK AWAY.
What the right partner looks like:
✅Deep financial services expertise: You want someone who truly understands banking regulations, security requirements, and your pain points.
✅Proven track record: Your partner should have a history of real-world, scalable Mendix implementations in financial services.
✅ Seamless integration and support: Your core systems aren’t changing overnight. A real partner ensures Mendix integrates with your existing infrastructure without causing disruptions and offers ongoing support instead of disappearing after the initial build.
✅ Change management & training: The best technology is useless if your teams don’t adopt it. A strong partner will make sure your teams are ready and excited. They train employees and align stakeholders to ensure long-term success.
Wondering if there’s a partner that checks all the boxes? As experienced, accredited Mendix partners, with deep knowledge in the financial sector built over the years, we’ve got you covered.
Where to start? Small wins, big impact
The best way to get started? Don’t try to change everything at once, the trick is to start with the “low-hanging fruits” and begin harvesting those quick wins.
- Identify Bottlenecks: Onboarding delays, compliance backlogs, fraud checks, customer service inefficiencies. What’s costing you time and money?
- Deploy a focused pilot: Identify a high-impact use case, build an MVP in 6-8 weeks, and prove value before scaling.
- Iterate & build on success: Use real-world feedback, refine the solution, then roll out across customer service, risk management, operations, and beyond.
- Measure & refine: Track development speed, cost savings, error reductions, customer experience improvements, and keep iterating.
Building Your Future Today: The Low-Code Trifecta
At the end of the day, making low-code work in financial services boils down to three critical factors: The right platform, partner, and roadmap. Get these three things right, and you’re not just implementing low-code, but future-proofing your business.
As digital experience practitioners and Mendix partners, we help financial institutions modernize systems and achieve tangible wins through tailored low-code solutions. We innovate, train, build, and maintain low-code, aligned with your teams, customers, and long-term goals.
So, if you’re serious about real transformation, let’s talk about how we can make Mendix work for you through our low-code services .
