Global banking industry witnessed waves of change in all possible forms and functions from meltdowns to mergers in the last one year. Today, banks are rebooking at current strategies, re-evaluating the business models and reinvesting in building efficiencies in systems and processes. While internal challenges are behemoth, the external world is changing shape as well. New regulations, tighter compliance, closer watch and higher intervention by government bodies are forcing the banks to be nimble, yet robust.
Banks are in the process of consolidations of operations and fast approaching regulatory deadlines. Redundancies in infrastructure created by mergers still need to be addressed.
We understand and appreciate the change and have proactively invested in creating solutions that help banks create new business opportunities, tap the existing ones more efficiently and address the new challenges in banking domain the major challenges faced by banking industry are
Cards and Payments: Issuing, Account acquisition, Network related services, Merchant-acquiring and Servicing, Origination, Clearing and Settlement, Value added services, Reconciliation and Research
Channels: Channel integration, Mobile Banking, Branch Optimization, Sales and Service Delivery, Internet Banking, Contact Center and Social Networking for online banking
Retail and Corporate Banking: Deposits, Trade Finance, Supply Chain Finance, Wholesale Banking, Risk and Compliance
Lending: Auto Finance, Personal and Asset finance, Small Business credit, Students Loan, Overdraft, Dealer Finance and Lease
Mortgages: Home equity, Refinance,Reverse Mortgages, Balloon and Commercial Real Estate
Investment Banking: OMS/EMS, Securities processing, Reference data, Risk Management, Asset servicing and Derivatives processing
Wealth Management: Asset Acquisition, Portfolio Construction, Trade Management, Accounting Performance and Reporting, Pricing and back office services
Our business solutions offer more solutions across segments that would address the following key issues for banks today,
Rebuilding trust with customers:
- Improving customer experience for higher acquisition rate across channels.
- Transforming infrastructure for better Operational Excellencee.g. creating an efficient payments
infrastructure. - Building transparency in systems and processes to meet the impending regulatory requirements
like XBRL, SEPA FSCS,and mitigate risk