Navigating the Future of Financial Services
Empowering Transformation Together: The ITC Infotech and Finastra Partnership – Redefining Treasury Solutions
In today’s rapidly evolving financial landscape, banks treasury departments face significant challenges in modernizing their IT infrastructure and managed services. From cybersecurity threats to regulatory compliance, the pressure to stay ahead while ensuring operational efficiency is immense. Discover how the strategic partnership between ITC Infotech and Finastra is uniquely positioned to address these challenges, offering cutting-edge banking operations and treasury solutions that drive growth, enhance security, and ensure compliance.
ITC Infotech and Finastra unite over a decade of partnership excellence, bringing together ITC Infotech’s global managed services expertise and Finastra’s leading banking solutions. With a track record of over 100 treasury projects and significant on-the-ground presence in North America and Europe, this alliance is equipped to deliver unparalleled IT and managed services solutions to the banking industry, driving innovation and operational excellence.
How the Partnership Between ITC Infotech and Finastra Works to Deliver Tailored Treasury Solutions
As your dedicated Managed Service Provider (MSP) for Treasury Management Solutions (TMS), ITC Infotech is committed to a collaborative partnership with your organization. We delve deep into the heart of your business, customizing and configuring a TMS that seamlessly aligns with your specific workflows and processes. Together, we will uncover key insights, optimizing your treasury operations and pinpointing opportunities for substantial efficiency gains.
ITC Infotech stands as Finastra’s premier technology service partner, bolstered by a team of certified consultants who bring extensive experience from the treasury and risk management sectors of banking. This depth of expertise ensures that every solution is grounded in industry-leading knowledge and best practices.
Moreover, ITC Infotech’s hassle-free services leverage cutting-edge, cloud-based offerings to elevate your operational capabilities. This approach not only streamlines processes but also significantly reduces the burden of maintaining on-premise security systems, allowing you to focus on strategic growth and compliance excellence.
Strategic Partnership Advantages Unlocked
The partnership leverages ITC Infotech’s extensive experience in digital transformation and Finastra’s cutting-edge banking software, unlocking benefits such as:
30%⬆
Enhanced Efficiency through Customization
The partnership between ITC Infotech and Finastra boosts operational efficiency by 30%, by tailoring treasury solutions to perfectly match each organization’s unique workflows.
25%⬇
Risk Reduction and Seamless Adoption
Leveraging the MSP capabilities of ITC Infotech and Finastra cuts project risks by 25%, guaranteeing a smoother and more successful implementation of treasury solutions, aligned with industry standards. ITC Infotech’s industry experts can offer best practice from previous projects for any bank thinking about managed services from the start, allowing banks to benefit from their experience at every step of their project.
30%⬆
Embracing Technology for Strategic Growth
The adoption of cloud-based treasury management systems, such as Finastra’s Kondor, supported by our MSP services, fosters an agile operational framework. This enables businesses to concentrate on strategic growth, with organizations reporting a 20% increase in responsiveness to market changes.
15%⬇
Lowering TCO and Enhancing Productivity
Through Finastra’s governance and success framework combined with the MSP services from ITC, we can reduce the Total Cost of Ownership (TCO) by up to 15% and speed up productivity and time-to-market, outperforming the digital transformation project averages in the industry.
40%⬇
Ensuring Compliance and Providing Continuous Support
Our MSP solutions are pivotal in keeping treasury solutions compliant with the ever-evolving industry and regulatory standards, minimizing compliance-related risks by up to 40%. We offer ongoing support, including updates and system enhancements, to maintain the effectiveness and efficiency of the system over time.
Insights
Five ways a modernized treasury gives you the edge in 2024
Treasury modernization is essential for organizations seeking to meet evolving business demands, enhance efficiency, enable data-driven decision making, and strengthen risk management and compliance practices.
Treasury as a Service – The inevitable path into the future
Summary Digital transformation and cloud adoption are driving radical change in sales, marketing, Business Process Management, and human resources while the Treasury Management in a bank, a specialized function, lags inexplicably.
