Overview
The Banking, Financial Services & Insurance (BFSI) industry is undergoing continuous evolution. Financial institutions need to adopt newer technologies & models, to survive and thrive in a competitive market and meet emerging customer needs. Additionally, they also need to comply with continuously changing regulations.
Our BFSI solutions help businesses comply with regulations and meet their customer expectations with faster go-to-market and significant cost savings and improved profits. We provide services including consulting, mobile solutions, and application modernization to increase customer acquisition, activation, and retention, and enhance the user experience.
Challenges Facing the BFSI Industry
- Traditional Architecture
- Disruptive Technologies
- Continuously Changing Regulatory Compliances
- Scalability Issues with Legacy Infrastructure or Minimal Cloud Footprint
- Competitive Costs & Reduced Margins
- High Go-to-Market Times
- Increased Customer Expectations
- Limited Analytics Capabilities
- Inefficient Data Management
- Risk of Security Breach