The financial services marketplace is more demanding and less forgiving than ever before. Following the global financial crisis, the continuing turmoil forced the federal government to react by passing new legislation to establish limits and controls that led to a deeper examination of financial industry practices and policies. These stricter regulatory standards, such as the Dodd-Frank Wall Street Reform and Consumer Protection Act which was signed into law by President Obama on July 21, 2010, resulted in the most far-reaching overhaul of our nation’s financial regulatory system since the Great Depression.
Addressing these interrelated challenges is central to firms' ability to regain and maintain high performance. At Avanade, we are strongly committed to the Financial Services Industry and we believe that the future competitive advantage will come from a combination that integrates a big data strategy with agile tools such as Business Intelligence, Social CRM and Mobile Collaboration. This alignment will transform Risk Management practices and policies from a compliance-based capability to a value-creating core capability to be managed in an integrated way across risk types and functions.
We help our customers accelerate time-to-market, increase operational effectiveness, reduce total-cost-of-ownership and adopt new policies and regulations and identify opportunities through the Po3 Alliance between Avanade, Accenture and Microsoft. Our customers benefit from a full spectrum of consulting services, products, solutions, tools and proven methodologies.
With that in mind, we’ve introduced the Avanade Advisory Services Group to help our customers create value and architect change through our unique spectrum of business and technology consulting services. Our consulting team consists of senior practitioners and subject matter experts in Banking, Capital Markets, Wealth Management, Governance, and Risk & Compliance who understand the regulations, policies, and the challenges that our customers are facing. We recognize these opportunities through insight and leadership, objective planning, strategy, proven methodologies and execution.
As a subsidiary of Accenture and Microsoft, we draw on deep research and experience working with most of the leading banks and financial institutions worldwide. We focus on delivering results to our clients. Our senior subject matter experts have hands-on experience managing change and providing enterprise thought leadership, risk mitigation, and operational effectiveness while breaking new ground for innovation.