Challenges for Banking
and Financial Institutions
Banking and Finance institutions have to comply with changing compliance rules, and they are exposed to the volatile financial environment, also bearing the brunt of the ever-growing constant scrutiny by the public, law agencies of the land, and statutory and regulatory bodies. What makes it even more cumbersome is when some banks fail to modernize, relying on inefficient archaic technologies and legacy systems that needs to be replaced. All these effectively leads to loss of effort, money, brand value and the inability to gain key insights from the system to manage and function properly.
Over the last decade, with the advent of the data revolution and the emerging technologies like advanced analytics, Intelligent Automation, Robotic Process Automation (RPA), Artificial Intelligence (AI), among others, have gained significant ground in the banking and finance sector. These technologies offer tremendous potential for banking and financial organizations to grow and stay relevant. Many banks have already started embracing them, strengthening their capabilities, transforming processes and gaining actionable insights for enabling faster and more accurate decision making.
What We Do
10xDS have been helping Banks and Financial institutions across the globe, on their digital transformation journey, leveraging our wide and deep sectoral experience and expertise. With Banking, we are way above others, and this is achieved through a committed focus in this sector, helping organizations reduce manual workloads, improving turn-around time for repetitive data management tasks and lowering operational costs while transforming processes. Through our experience, we have realized the real challenges and pain points the industry faces. With a holistic understanding the needs of the industry, we are able to leverage our state-of-the-art COEs for emerging technologies like Intelligent Automation, AI, Analytics, Cyber Security, AI Computer Vision, Chatbots, Blockchain and others. Today we are serving several clients worldwide, streamlining areas like the back-office operations, payments, sales or regulatory compliance and more.