Industries

Banking, Financial Services, and Insurance

Overview

  • Low-interest ecosystem decreased the profitability of core banking
  • Financial institutions are moving towards commission-based revenue
  • The heightened credit risk of the bank’s corporate and retail clients is one of the direct effects of the health emergency in the actual world economy
  • Before the pandemic, insurance providers were shifting towards digitization making it easier for them to adapt to the new change
  • Increasing awareness of health and life risk also made a positive impact on the industry

Challenges

industries
  • Most of the banking sectors still undergo manual processes and systems, which results in maximum errors and is more time-consuming.
  • In financial sectors, employees are trying to shift to remote work and handling confidential documents in a less secure environment, which makes them vulnerable to cyberattacks.

Propositions

  • Enhance the effectiveness and efficiency of the entire banking value proposition
  • Additional layer of resilience against exceptional occurrences like cyberattacks, volume surges, etc.
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