Optimizing financial processes with Fintin and Camunda integration

Fintin and Camunda are advanced tools that support business process automation in the financial sector. Their integration enables comprehensive process flow management, which becomes a crucial component of the development strategy for modern organizations. This post outlines the key functions of the synergy between these platforms, the benefits of their integration and the future of financial automation.

The role of BPM in business process automation

Hyperautomation, driven by artificial intelligence and robotics, allows the automation of complex business processes, improving efficiency, customer service quality and cost savings. Workflow tools, including Business Process Management (BPM), play a key role in structuring processes, enhancing operational efficiency and reducing errors. BPM effectively links various business and technology domains, aiding organizations in better data management and regulatory compliance.

Fintin and Camunda – modern automation platforms

Fintin is a modern platform dedicated to automating financial processes. Its microservices-based architecture supports flexible process management, adapting to the specific needs of the organization. It integrates modules for managing manual tasks and document processes and uses artificial intelligence, significantly reducing task completion time, minimizing errors and improving service quality.

Camunda is a business process automation platform based on BPMN (Business Process Model and Notation) and DMN (Decision Model and Notation) standards. It enables transparent orchestration and decision management, offering integration support with existing IT systems. Camunda standardizes actions and allows seamless process management, minimizing error risk and ensuring compliance. The platform's visual tools facilitate collaboration between IT teams and business departments.

Benefits of integrating Fintin with Camunda

The microservices architecture makes Fintin flexible and perfectly compatible with Camunda, which acts as an orchestrator, managing business process flows and communication between microservices. This approach provides easy integration and the ability to use ready-made plugins and modules, supporting advanced automation, including AI.

Key benefits of Fintin and Camunda integration:

Enhanced operational efficiency

Thanks to ready-made integrations, Fintin modules, that are responsible for handling "human tasks", can be utilized in various processes. Automation teams can focus on implementing business conditions, speeding up task completion, and adapting to changing market demands.

Reduced costs

Process automation eliminates many manual tasks, reducing operational costs. Companies can achieve significant savings thanks to process optimization, increasing profitability in the long term.

Improved process quality

Integrating Fintin with Camunda ensures better standardization and regulatory compliance, minimizing error risk. Implementing Camunda with the Task Manager module enables manual task management according to established procedures. Task checklists and document management make all actions fully auditable.

Increased customer satisfaction

Process automation contributes to faster customer service and higher service quality. The complementary nature of both platforms allows using Fintin's low-code modules, which support notifications and document generation for business process participants.

Improved cross-team collaboration

Camunda supports communication between IT teams and business departments through visual tools and a low-code approach. Integrating Fintin and Camunda allows teams to track work according to KPIs, giving managers full insight into tasks and processes.

Easier integration

Fintin and Camunda have ready-to-use components that are useful in business processes, enabling faster and more flexible implementation of new solutions. Thanks to the autonomous operation of components and their easy integration, users can easily embed new elements into existing processes.

Fintin and Camunda architecture

Fintin natively works with Camunda versions 8.2 to 8.5 and aims for maximum compatibility with future versions. With the appropriate components, Fintin can integrate with Camunda's Open Source version up to 8.5. 

Fintin supports task and process handling with components like Task List and Operate through integration with the Zeebe engine. Its reporting layer provides information on specific processes.

Other examples of Camunda integrations

Here are other notable examples of implementing Camunda across large companies, illustrating various applications of this platform and its impact on operational efficiency and data management.

Goldman Sachs

Goldman Sachs uses Camunda to automate trading and transaction processes, enabling efficient handling of large volumes of financial data. This integration helps the bank streamline operations, minimizing error risk and ensuring compliance with stringent financial regulations.

Deutsche Telekom

Deutsche Telekom automates the customer onboarding process by integrating complex data flows between internal and external systems. Camunda reduced customer onboarding time by about 60%, improving customer satisfaction and operational efficiency.

Universal Music Group

Universal Music Group uses Camunda to manage licensing and copyright processes, enabling more efficient artist settlements and license processing. The company reduced errors by 40% and improved its documents management skills.

The future of automation in the financial sector

The integration of Fintin with Camunda allows organizations to accelerate financial process automation and benefit from cost savings, increased operational efficiency, and higher service quality. Using advanced BPM and AI tools becomes essential for organizations striving for greater efficiency and innovation, as well as maintaining market competitiveness. Such a solution becomes an indispensable element of growth strategy. 

Integrating Fintin with Camunda is a strategic step toward the future of financial process automation. Plans include work on process mining and artificial intelligence to strengthen automation capabilities. With ready-made plugins and modules for Camunda, Fintin continues to expand its solutions, increasing their functionality.