Banking & Finance
How to overcome the challenges of digital transformation in BFSI Sector
The banking industry is undergoing a radical shift, one driven by new competition from
FinTechs, changing business models, mounting regulation and compliance pressures, and
disruptive technologies.
The emergence of FinTech/non-bank startups is changing the competitive landscape in
financial services, forcing traditional institutions to rethink the way they do
business. As data breaches become prevalent and privacy concerns intensify, regulatory
and compliance requirements become more restrictive as a result. And, if all of that
wasn’t enough, customer demands are evolving as consumers seek round-the-clock
personalized service.
From data science expertise to business intelligence, RPA, ML, AI and beyond, vab
informatics is here to help Banking Industry to tackle challenges and embrace digital
transformation.
How vab informatics can drive out these Challenges from your Business:
With so many challenges to contend with, creating a clear path forward can seem like an
overwhelming task, with our team’s right Industry experience to support your digital
transformation journey is attainable. Our services team at vab informatics has been
helping banks to transform to digital banking experiences through our various solutions
such as RPA, ML, Digital Banking Solutions. With a wide variety of products and
solutions tailored to the Financial Industry.
From data science expertise to business intelligence, RPA, ML, AI and beyond, vab
informatics is here to help Banking Industry to tackle challenges and embrace digital
transformation.
Cyber Security in Banking and Finance
Data breaches involving financial service firms increased by 480% from 2017 to 2018.
With each attack costing financial institutions millions, InnovativeSolutions are needed
if we are to avoid a repeat of the cyber crimes.
vab informatics are here to protect financial services through various blockchain
technology must be the foundation.Integrating with existing financial infrastructures
poses some serious obstacles that must be overcome.
![images](assets/images/banking & finance-01.jpg)
Big Data Use in Finance
Big data provides both opportunities and obstacles for financial service providers.
Tapping into social media, consumer databases, and even news feeds can help banks better
serve their customers, while better protecting their own interests.
But sorting through torrents of unstructured data for useful information is no small
undertaking. It requires powerful data analytics technology if institutions are to reap
a benefit.
Vab Informatics provides Big Data Analytics using AI and ML and RPA. Solves the
challenges using the right technologies at the areas those addresses the business
challenges of Financial Institutions.
Here are some of the major challenges facing by
Increasing Competition
Mobile Banking
Regulatory Compliance
Security of Digital Banking
Innovative Business Models
Legacy Applications
High Customer Expectations