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Banking & Financial Services
Focus areas and solutions
Based on our analysis, we infer four major focuses – re-engineering legacy systems, managing customer dynamics, business innovation and integrated risk management
Our solutions will help financial institutions to
- Innovate rapidly
- Improve time-to-market
- Increase operational efficiency and lower operational risk
- Enable more effective customer management
Insights and solutions
Re- engineering legacy systems
 Client issue |
As banks seek operational efficiency through product innovation, globalization and M&A activities, legacy system have become inhibitors to effective integration of new financial instruments, regulatory changes and business growth |
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Renovate/Replace outdated legacy systems or develop next generation applications with best-of-the-breed components/packages that can be integrated within a common framework |
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Use of Exility framework to align business needs with IT transformation to modernize legacy systems
Inbuilt security, access control, audit monitoring and disaster recovery mechanism Product/Process agility |
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Faster implementation, ease of maintenance
Better performance and scalability Increase in automation of financial reporting Platform independent solution design providing seamless addition of new features |
Customer centricity
Client issue |
Customer data being duplicated and spread across multiple silo’d databases lead to an incomplete view of the customers Increasing client sophistication causes an uphill battle for banks to provide value added products |
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Platform to gather and integrate customer information stored in multiple touch points to enable customer centric processing |
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Provide customer analytics to gather customer preferences, solicit new products and facilitate KYC Enhanced customer friendly services like internet/mobile banking |
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Improved customer satisfaction, retention and acquisition by providing a 360 degree view of the customer Help in Customer Risk Categorization (CRC) which enables the bank to follow a risk based approach on AML/KYC |
Integrated risk management
Client issue |
Overlapping calculations and inconsistencies in derived calculations and reports resulting in sub-optimal decision making Difficulty in implementing a comprehensive enterprise wide risk management system |
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Centralized framework for integrating risk management systems across business units thereby providing a holistic view of the risk across geographies, counterparties and products |
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Consolidated transaction database facilitating real time liquidity risk management Integration of in-house built/open source/3rd party models as plug and play |
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Timely and better decision making through improved risk management ability Seamless addition of new risk models |
Regulatory compliance
Client issue |
Increase in regulatory requirements and challenges in implementing them in a timely manner Implementing legal compliance |
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Framework to understand and manage increasingly complex regulatory requirements at an optimal cost Collaboration for legal and compliance |
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Consolidated database facilitating regulatory changes in an optimal manner Automation of regulatory reporting |
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Faster detection and implementation of regulatory requirements thereby preventing banks from financial losses |
