At Sirma we believe continuous improvement is the key to success. Over the years we have all come across challenges in business and 2020 is the most challenging year of the current generation.
Our rich experience in the BFSI segment, coupled with extensive R&D in addressing the Banking space with new innovative solutions has given us the edge on the consulting practice.
We focus on:
Sirma engages with the Bank to study the existing infrastructure of the Bank, which includes CBS, network & Infrastructure, IT Strategy & Roadmap, etc., all operational initiatives of the Bank which are or will be affected by the CBS.
The end to end processes that the Bank is engaged with a CBS will be considered and Sirma would suggest the best practice as well as the improvements to the current situation and also advise the Bank on the new initiatives it could consider with a road map considering the many years that the Bank would like to focus on.
Today digitizing the Bank services has become vital. Customers tend to move out for those who have not digitized their services and customer retention turned out become even more challenging.
Now, most of the Banks have gone digital, as if they did not, they would lose customers, was the scene around 5 to 7 years back. Now who stays in par with technology and service with great innovative concepts are the leaders in the market. Every market has leaders and they keep innovation their passion. So are we. Digital innovation has been in the blood of Sirma since inception. We have done intensive research and consultancy internally and externally we advise and guide our clients on the same front.
Be it large or small, the banking business is full of risks. The greater the risk the more demanding is the attention. Three of the principal issues banks face today are regulatory compliance, adapting risk management models to a dynamic environment, and finally cost-effectively minimizing the risk.
Over the past decade, risk management has transformed dramatically in the financial sector due to the global financial crisis, financial terrorism, and the fines levied in its wake. What are the observations of the Banking experts?
These will continue and never subside. Our exposure to the Banking vertical clubbed with technological expertise has helped us in advising our clients in these areas.
Customer requirements have changed, demands have increased, so is the change in technology. Adopting the new changes at Banks at times turns out to be a concern especially while operations are on the go or if there is a situation where the complete workflows are not available with multiple projects at the Bank and all of them getting delayed.
Banks find it difficult to transform from where they were to where they planned to be. Our consultants have shown our clients directions to mitigate the blockade and helped their transformations successfully.
Sirma has the best in class Consultants who are blended with the knowledge of technology, security, and above all Banking experts. The majority of our consultants are experienced ex-bankers that give us the edge.
As banking continues transformation technologically, along with innovative digital initiatives, security becomes a serious concern to deploy the latest, top-notch technological solutions. Our consultants help Banks take off the agony or any apprehension they have.
