Salesforce has added corporate and investment banking tools to its Financial Services Cloud as well as integrations with Tableau so bankers can manage client relationships, analyze deals and share sensitive information.
The additions to Financial Services Cloud highlight how Salesforce is targeting industries as well as combining Tableau's analytics and visualization tools into deals. In Salesforce's first quarter, Tableau was included in 8 of the company's top 10 deals.
Indeed, Salesforce Industries includes 12 industry clouds covering financial services, consumer goods, healthcare and public sector as well as custom options for sub-verticals.
Salesforce is also embedding compliance and regulatory features to enable banks to stay compliant and manage sensitive information. Salesforce rolled out Financial Services Cloud in 2016 as a way to tap into the financial services and tech market, bringing industry specific updates as well as innovation from Salesforce's platform to banks, insurers, and fintech companies. The company has continually updated Financial Services Cloud and added Einstein tools.
Corporate and Investment Banking for Financial Services Cloud includes:
Salesforce said Evercore, TD and Moelis & Co. were banks using the platform. Corporate and Investment Banking for Financial Services Cloud will be generally available in the summer of 2021.