A responsive banking platform, which can scale and adapt quickly,is #Digitaligence at work! Overview |Delivering Results |Business Benefits |Resources Financial institutions running pre-internet era legacy banking systems and platforms, modified over time to meet pressing requirements, need to transform. However, such transformational initiatives can be extremely challenging, with high expenditure and opportunity costs. Banks partner with ITC Infotech in their legacy transformation journey which makes ITC Infotech’s Core Banking Surround Services (CBSS) a vital package for banks. Given its scale and organization-wide impact, CBSS requires extremely skilled management during this transformation process. A bank’s internal IT department is best suited to manage such transformation and ITC Infotech works closely with their internal teams to help them with core processes like testing, application integration and data migration. DELIVERING RESULTS To keep up with digital disruptors and address changing customer demands in a fast-paced dynamic environment, banks are embracing digital transformation. They adopt technology, embrace global trends and form the right ventures to increase agility, flexibility and speed in order to better align themselves with digital interests of businesses and customers. However, global surveys point out only 25% of all core system transformation projects are successful – highlighting a deeply flawed approach to transformation. Higher IT cost in the event that multiple solutions need to be replaced Insufficient information during the gathering phase or lack of historical information on location-specific customizations Lack of an appropriate product selection methodology ITC Infotech addresses business need by offering easy and quick adoption of new technologies. Business benefits Simplified change delivery model Drive out complexity and cost through approach rationalization Increased confidence to effectively manage disruptive incidents Enhanced business enablement through a robust transformation engine Resolution of known issues through functional, usability, compatibility, user acceptance and deployment testing Simplified business-as-usual (BAU) model Develop an evolved view of the changed business and technology landscape Evolve a robust data management and intelligence strategy to build market differentiation Plan a standard approach for BAU support to customizations RESOURCES Whitepaper SAP S/4HANA FSCM Credit Management vs SAP ECC Credit Management Here's a comparative analysis of solution sets, benefits, and functionalities of SAP S/4HANA FSCM credit management ... Download Case study Extended Enterprise Helps Leading Nordic Bank Achieve High... To maintain a dominant position in the region and grow substantially through mergers and acquisitions, the customer ... Download Case study Reduced Operational Cost & Service Excellence for a Leading... The client needed to integrate disparate systems and optimize support services across a diverse application portfolio. Download Brochure Leveraging Data for Differentiation Financial institutions are increasingly looking at enhancing customer experience by effectively managing data, from ... Download Brochure Customer Acquisition – Hunting in the Digital Marketplace Today's digital customer researches financial services on demand - transforming the financial services purchase funnel, ... Download Brochure Customer Experience Management: From Strategy to Execution In order to optimize customer experience, financial institutions must understand the needs and behaviors of customers. ... Download Brochure Core Banking Surround Services Banks today are reinventing their business and operating models to address changing market dynamics. To win in the ... Download Whitepaper The Role of a Loyalty Program in Creating Contextual Customer... While most firms acknowledge the growing importance of contextualization, they often fall short in both strategizing ... Download Whitepaper BCBS 239 – Risk Data Aggregation & Reporting Response The BCBS 239 standard introduces a global risk-data aggregation and risk-data reporting framework. Basel Committee on ... Download Whitepaper Liquidity Management Under Basel III & Key Challenges Faced in... The financial meltdown of 2008-2009 forced the Basel Committee on Banking Supervision to review the then existing ... Download Whitepaper Collateral Management Road to Optimization Collateral Management is now more at the centre-stage than ever before. The 2008 financial crisis and the role ... Download Whitepaper Behavioural Analysis in Asset & Liability Management Asset Liability Management is a dynamic process of planning, organizing and controlling of assets & liabilities- their ... Download Case study Testing Services Provided Through Dedicated TCoE Leads to Improved... Being an online based banking organization, IT forms the key backbone supporting the client’s business deliverables. ... Download View all Videos Transformational Digital Banking Solutions Today’s digital consumers are redefining how banks engage with and service their clients. With ITC Infotech’s converged data & digital solutions, Banks can surge ahead of competition by... × Transformational Digital Banking Solutions Today’s digital consumers are redefining how banks engage with and service their clients. With ITC Infotech’s converged data & digital solutions, Banks can surge ahead of competition by enhancing customer experience with personalized & contextualized services. Integrated solutions for the Health Insurance industry × Integrated solutions for the Health Insurance industry Differentiated solutions tailored for the Health Insurance Industry: Customer Experience, Mobility, Core Platform Surround Services, Analytics, Data End-to-end, Testing-as-a Service (TaaS) and Infrastructure Management Contextualize Customer Experience across channels × Contextualize Customer Experience across channels Delivering relevant personalized propositions to your customers, across channels, can help create lasting competitive advantage in a commoditized market. Process Mapping – A force multiplier for requirements... × Process Mapping – A force multiplier for requirements management Enabling business transformation through process mapping, and the evolving role of Business Analysts to deliver value from technology implementations – Session snippets by ITC Infotech subject-matter expert. Customer Experience for the Health Insurance Industry × Customer Experience for the Health Insurance Industry For simpler and more comprehensive digital interactions, customers will pay 5% more for Healthcare, on an average. Studies show that more than 60% of consumers feel their Health Insurance customer experience is “Poor” and just “Meets Needs”. ITC Infotech’s targeted solutions help increase the Customer Experience Index, while optimizing operations and controlling costs. View all #Digitaligence $20 bn Projected annual savings in settlement, regulatory and cross-border payment costs - through Technology interventions 66% Customers globally are using FinTech products or services 87% Banks say that their core systems cannot support FinTech Put #Digitaligence to work for you. Get in touch with us now! 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