HCLTech assisted a leading bank in aligning with the ESG guidelines by transforming their transaction ESRA assessment process

Building robust IT frameworks for a Malaysian bank to overcome Ungoverned data platform with inefficient data operation & governance.

Strategische Partnerschaft beschleunigt die digitale Transformation des deutschen Finanzdienstleistungssektors

Digitization is the conversion of data into a digital format with the adoption of technology. Adoption of digitalization is very important for the banking sector.

The new age loan IQ models are answering a lot of crucial questions posed by the financial industry. Banking systems are starting to rely heavily on loan IQ models for business optimization, greater transparency and cost efficiency.

Core banking solutions are varied in nature and depend on the type of customer bases that the bank is catering to. The basic goals of core banking are providing greater customer convenience and cutting down on operational expenses.

Core banking systems are aimed at empowering existing and probable customers to have a greater freedom of their account transactions. With technological evolutions, transactions are now safer, faster and less cumbersome.

The financial services industry is looking at improving online customer service enabled by competition with consumer brands like Amazon, Facebook, and Google. Importantly, most financial services executives feel improving the customer experience to be the top driver of digitization in banking.

And although we do not possess a crystal ball that will tell us what BFSI risk functions will look like in 2025 or what financial crises may disrupt risk management between now and then – we believe that technology is fundamentally going to reshape risk management in the coming years.

With the rise of big data, large banks now have access to an unprecedented amount of information that can be leveraged for strategic decision-making.

The European Banking Authority (EBA) is a decentralized agency of the European Union (EU) located in London. It is responsible for regulating banks through Implementing Technical Standards

Recognized in Everest Group’s PEAK Matrix® Assessment 2023 for enabling clients to drive growth, efficiency and customer satisfaction