Banking and Financial Services

Utilizing data and technology to unlock potential
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An overview of the current situation

Due to tighter regulations, increased customer expectations, and increased stakeholder pressure, banks and financial institutions face numerous challenges to stay relevant in the market and encounter roadblocks in adapting to the changing landscape.
To cater to clients based on data-driven insights and offer customized solutions in the context of a digital revolution, financial institutions and banks must upgrade their IT systems and redesign their workflows and operations.
Making the transition from traditional banking to digitized banking/financial services while meeting heightened compliance measures, safeguarding against cyber-threats, and remaining cost-efficient is the biggest challenge.

Our offerings

Streamline your business with business applications

In order to identify the gaps in the workflows, we help you understand and assess the current business applications landscape.
As a result of our findings, we suggest appropriate applications and systems and help you decide if you should buy or build.
As experts in ERP, CRM, and e-commerce platforms, we help you select and implement applications that integrate well with your existing systems for better data management and smoother transaction flows.
  • Business process re-engineering and inculcating change management assessment
  • Providing a flexible and scalable managed application model as well as staff augmentation
  • Using a hybrid approach to facilitate project integration
  • Monitoring and ensuring constant application upgrades
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Implementation of technology to identify and mitigate fraud patterns and behaviors, compare archives and current transactional data
Determining big data tools and managing them alongside your BI and advanced analytics strategy

Prioritize data-driven approaches

In general, businesses utilize just 0.5% of their existing data. Numerous businesses recognize the value of Data Analytics, but are hindered by siloed data that inhibits them from making meaningful inferences or making decisions.
Through our Data Analytics services, we bring together AI, analytics and business experts, as well as data engineers who understand cloud technology and machine learning systems:
A consulting service that identifies market differentiation metrics and KPIs
Organizing and visualizing data in a centralized data warehouse for practical insights

Defending the cyberspace

In addition to social engineering, phishing and cyber vandalism continue to pose a threat to banking and financial institutions.
The need of the hour is not just protection from being compromised but also preparedness, resiliency, and minimizing recovery time in case of an attack.
We provide a number of professional and managed services to safeguard infrastructure and safeguard cyberspace:
Through our Data Analytics services, we bring together AI, analytics and business experts, as well as data engineers who understand cloud technology and machine learning systems:
Identifying current inadequacies in the cyberspace via a risk management profile and key stakeholders
Ensure compliance and regulatory standards, such as CCPA, HIPAA, or GDPR
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A comprehensive security solution that combines anti-malware evasion and behavioral analytics intelligence
We provide ransomware defense and protection services to meet IAM requirements and to review perimeter configuration
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Digitalization

With the global shift towards digitizing services, going digital for financial institutions shouldn't be just about aesthetics, but about a complete mindset shift with backend operations to support it.
Rather than relying on geography, technology facilitates collaboration and team building that leads to digital transformation. Our goal is to help you achieve a seamless transition and complete your organization's digital transformation:
  • Set goals and strategies to build a culture based on employee contribution and decision-making abilities
  • Utilise cloud-based services to minimize infrastructure costs and streamline workflows
  • Identifying opportunities to build virtual assistants and bots for superior customer experience
  • Review and replace the entire workflow, processes, and systems with relevant digital cores and tools with a focus on robotics and the cloud

Why is it beneficial to you?

  • Minimizing security and compliance risks
  • Increased brand awareness and customer retention
  • Streamlining operations and developing new products and services more quickly
  • Increasing customer service efficiency and reducing response times
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TIC can assist you! Reach Us

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