The snowballing of legal guidelines has businesses scurrying for market intelligence to meet compliance mandates.
Money laundering is a serious offense, so failure to clear the air around contentious transactions has implications for banks.
Banks use third-party tools, including for cybersecurity. Ironically, criminals are slipping malicious codes into such trusted platforms to compromise banks!
Amid global crises fears, the sector must chase new opportunities to maintain growth momentum without losing sight of compliance commitments.
A siloed perspective on data is a key factor holding financial institutions from reaching full fruition and exceeding customer expectations.
A sector whose margins are under pressure, a phenomenon attributable to changing risk exposures, must explore creative ways to pare costs.
An indomitable spirit and a laser focus on digitalization and data security is what is paying off in the financial sector. Our BFSI specialists will prep you for the big leap in digital technology and bolster your cyber perimeter to reduce costs and improve bottom lines. Plus, we ensure you don’t miss out on any compliance mandate.
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Challenge: Sudden margin squeezes and efficiency drops in its supply lines were quite unsettling for an East European provider of financial services. To ride out the storm and regain its mojo, the company chose to leverage our expertise in long-term sourcing.
Solution: The financial service provider’s approaches and systems were subject to close scrutiny by our specialists. A detailed examination brought to light significant gaps in communication, infrastructure rigmaroles, and suboptimal inventory practices. Under our stewardship, the business followed through with major changes to its systems, resulting in more robust and fail-safe sourcing networks.
Result: Improved business planning and better knowledge sharing across processes is leading to high customer satisfaction and better margins for the client.
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Supplier failures could become a double whammy for any business. There is revenue loss, plus reputational risk! Identifying contractors based on strong data points is key to mitigating partner risks. Get our market reports and be the first to know about supply risks.