Banking - IT Solutions and Services
In the face of increasing competition from recent market entrants and stringent regulations, banks have realized they need to adopt new methods to achieve high operational efficiency and to generate new business. Customer retention and business expansion have become more critical, with banks focusing on making the most of technological advancements. Customers want easier, more effective, and far-reaching connectivity to the banking system, with access to value-added services, while financial institutions want scale players as partners to serve their needs continuously.
NIIT Technologies’ banking solutions help banks manage the changing needs of customers and meet regulatory requirements, thereby enabling banks to tap into new markets and grow in scale and size.
For banks, the possibilities of growth remain elusive, costs are hard to contain, and return on equity (ROE) remains significantly low. Regulation is impacting business models and economics. Furthermore, multiple technologies and demographic factors deeply affect the value chain, making it imperative for banks to evolve.
Our best-in-breed solutions can be leveraged to deliver truly personalized banking services. Our innovative solutions are based on the three key pillars of an enhanced customer experience: digital foresight, effective digital integration through data aggregation, and our enterprise automation framework. Our solutions provide flexibility and the seamless integration of key banking functions, encompassing:
- Mortgages and lending
- Core banking implementation, support
- Governance, risk and compliance
- Regulatory reporting
- Payments and cash management