Banking, Financial Services & Insurance
Banks compete in an industry where innovation is both an opportunity and a threat. The most crucial challenge faced in the industry is mapping information technology to business processes to achieve smooth operations and better customer experience. This eventually leads to grappling with regulatory orders, serious operational problems, and survival.
The only way to overcome these challenges is to simplify core business processes and digitize where it matters, thus improving business agility, cost efficiency, and secure lasting results.
We leverage decades of deep industry experience and global insights by developing IT strategies and technology solutions for your banking processes, giving you a sustainable competitive advantage and increased efficiency to support long-term goals.
We offer a full range of Banking Consulting and Technology services across different domains
Core Banking
IT Strategy Development
We study our clients’ markets, trends, competition, and customers to identify and create a blueprint for implementing IT strategies aligned with business needs. We examine the leadership, organization structure, and processes to ensure the sustainability of the bank’s IT infrastructure.
IT Performance Improvement
Underperforming IT has cost implications that affect business performance. We work with banks to reduce costs, develop outsourcing and offshoring strategies that meet their needs, redesign their organization, and ensure a cost-effective application portfolio that supports innovation to deliver breakthrough IT performance improvements.
Technology Assessment
We provide a thorough and objective technology assessment review of your bank’s existing systems, applications, and infrastructure to evaluate how well they support your bank’s future business needs and strategy.
IT M&A
IT synergies are key to successful mergers, acquisitions, divestitures, and spin-offs, but they are often overlooked early in the deal. We help banks plan and manage their IT systems to accommodate these changes in the business structure.
IT Project Effectiveness
We help clients maximize the business results from major IT initiatives and turnaround programs. We help executives evaluate the investment case, set up projects for success, and ensure they capture value when implementing new systems and programs.
Vendor Evaluation and Contract Negotiations
We advise your bank on the right solution, which can make the difference between employing technology effectively and profitably. We negotiate the complete “contract,” not just price, but the terms and service levels, which are equally important.
Risk Management
We provide consulting in Counterparty Credit and market Risk, Operational risk, financial risk and fraud, Governance risk and compliance, security, and resiliency. We help our clients standardize and modernize transaction processing, reducing complexity and cost. We also draft and review policies and procedures.
Application Development and Maintenance
We have strong expertise in software development life-cycle management. We leverage our expertise in a strategic combination of technical processes, deep domain understanding and expertise, consulting capabilities, intellectual property (IP) assets, and methodologies that deliver significant and tangible value to clients’ businesses.
SharePoint Managed Services
We offer support and maintenance services for all SharePoint needs and ensure 24/7 availability of support consultants to address user queries and problems.
System Evaluations
Core banking and ancillary systems are essential in delivering services to a bank. We provide evaluation services for all banking-related services, including:
- IT Infrastructure
- MIS and analytics
- Core Banking platform
- Alternate banking channels like ATM, Mobile Banking, Online Banking, Agency Banking, etc.
- Forex and Treasury
- Payment Systems
CIO Services
We can provide your bank with part-time, interim, or temporary CIO needs. Our global reach and deep domain expertise enable us to provide consulting that includes:
- IT Strategy & Transformation
- IT Cost Reduction
- Governance & Decision Rights
- Data Center & Infrastructure Optimization
- IT Outsourcing
- Application Strategy & Rationalization
- Digital, Social & Cloud Strategy
- Business Intelligence Strategy
- Data Management & Analytics
- Enterprise ERP Implementations & Upgrades
Enabling Stronger Foundations
Two affiliated insurance companies look to us for a seamless data migration solution in North America.