Following the global financial crisis, the banking industry experienced severe turmoil and government reacted by enacting new legislation to establish limits and controls. The interests of consumers are becoming the centerpiece for many of these regulations primarily with the creation of Consumer Financial Protection Bureau. Banks are seeking ways to retain and deepen relationships with their existing customers: driving loyalty while controlling costs and complying with increasing regulations and new regulators.
These new regulations result in decreased revenues and increased costs rendering the old business models less viable. To succeed in this challenging environment, banks will need to look at developing new business models, transforming core banking operations to reduce operating costs, and strategically acquiring or divesting assets.
Our banking practice has seasoned experts who help banks navigate these challenging times with planning, strategy and implementation in the key areas such as Policies and Regulations, Next Generation Banking, Payments, Credit Card, and Consumer Lending, etc. We help banks develop business and technology solutions that drive efficiency, effectiveness, innovation and virtualization.
You benefit from our deep industry expertise to help manage risk, comply with regulations, enhance product features and manage your business and IT transformation challenges. We design strategies and follow through to implementation and support through software, solutions and services.
Business opportunities and imperatives:
Drive customer loyalty through data-driven Social CRM and Social Collaboration
Turn Big Data into a strategic business asset
Big Data Strategy for regulatory compliance and customer centricity
Optimize investments and costs through Avanade Software and Cloud Services
Next Generation Banking and Mobility
Achieve a consistent customer experience
Optimized Regulatory Compliance through social collaboration for banking
For more information about our services and solutions, visit our Solutions page.