Building the Bankable Future
The global banking landscape has experienced tectonic shifts in the aftermath of the financial meltdown. Regulatory norms have tightened across global markets, increasing the compliance burden of banks. Customer experience is fast becoming the real differentiator in banking. It is no longer enough to offer simple and automated banking services. To build loyalty and drive profitability, banks will need to offer a non-stop interactive banking environment. To achieve this, banks need to increase their business agility by anticipating customer needs and offer an engaging user experience.
To cater to this fast paced environment, Primasoft works with banks across the globe to usher in transformational changes through modernization of their products, services and processes. We enable our customers across the Banking and Financial Services industry build the bankable future with our expertise, experience and solutions.
Financial ServicesCompetition. Compliance. Cost.
Three words that sum up the challenges that plague the financial service institutions. Increased pricing pressures, new business models, and an increasing number of compliance mandates, have forced executives to reconfigure their revenue generating methods.
New entrants and their gamut of products and services; rigorous compliance mandates like Basel III; and the imperative to innovate faster while maintaining traditional portfolios, has overwhelmed the market.
How can you be equal to this task? How can you survive, and meet, these challenges? How can you attract and serve profitable customer segments?
- Re-engineer business processes to comply with new regulations
- Revamp legacy online banking platforms to respond faster to market opportunities
- Revisit data center infrastructures for better service quality and lower costs
- Prevent cyber attacks that tarnish reputations and cause massive investment losses
By realigning your technology and keeping pace with the market, you will be able spread regulatory costs over a larger base of business, lower costs by improving efficiencies and consistently match customer expectations, all while making your organization compliant, agile and profitable.