Financial Services Industry

Do you keep your technology uptrend? 

The financial services industry is currently in the midst of a massive digitalization wave. Mobile devices have become ubiquitous, tech-innovation and artificial intelligence (AI) is at the core of the transformation, with a new generation of millennial customers demanding enhanced, value-added services and enriched experiences. In light of this new ‘experience economy’ modern businesses must aspire towards becoming 21St Century Enterprises – companies driven by ‘experience-centricity, agility, service and outcome based orientation’. Additionally, a number of Fintech trends are gaining a quick foothold in the industry. It’s essential these ‘disruptive’ technology forces are assimilated by established financial enterprises, in order to better serve customers and cement brand loyalty. Application modernization is also at the forefront of this revolution, redefining customer experience. EGC offers a smart, focused and differentiated financial IT services portfolio addressing the need of the hour – helping companies stay ahead of the game. EGC’s IT solutions for financial services are targeted at rationalizing and converging IT and operations across regions and business divisions, to optimize cost, and bring agility with renewed focus on  regulatory compliance and customer centricity.

 

Why should you consider EGC?

Growth through innovative approaches.  

Our clients — from Fortune 500 corporations to regional financial services companies that are a lifeline for their local communities — partner with us to discover innovative ways to adapt to shifting regulations, achieve continuous simplification of IT and operations, improve their customer experience, and gain access to new products and markets. EGC delivers these benefits with help of its financial IT solutions through a tailored combination of nine critical factors categorized across three mainstays of value creation. 

Leveraging the eco-system
Co-innovation for technology: Identifying end-user insights and developing ideas for a joint go-to-market Co-development with partners: Best-in-class products and SI capabilities that reduce risk and accelerate time to market Co-creation for thought leadership: Engaging analysts, advisors, and influencers to create business value from IT
Nurturing the value chain
Fully served customer: Business-aligned IT to offer seamless integration of business processes, applications, and infrastructure Cost-structure transformation: Unlocking capital from best-in-class Run The Business (RTB) processes and reinvesting the savings into a transformational agenda of customers Front-office transformation: Helping banks and financial services companies address the evolving needs of the connected-customer community
Expanding the business model
Skin in the game: Joint ventures and special-purpose vehicles that deliver financial value beyond traditional finance and accounting outsourcing benchmarks Pricing constructs: Convenient models such as Day 1 Committed Cost Savings and Gain share models

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How can EGC help you?

EGC helps clients achieve this balance by enabling savings in ‘Run-the-Bank’ activities to be channelled into ‘Change-the-Bank’ initiatives, through: Front-to-back integration (Vertical Systems Integration); Creation of Shared Services and Utilities through proprietary frameworks, and TCO reduction through carve outs and asset monetization. .

 

EGC helps transform your customer interaction touch points and processes through a focused Customer Experience Management value proposition for financial services companies, which enables seamless integration across distribution channels. This helps you derive actionable business insights to chart a customer’s journey through up-sell/cross-sell opportunities and industrialized digital marketing.

 

In today’s business economy, efficiency and innovation are big competitive advantages enabling higher margins and wider play for product prices. EGC helps clients innovate while leveraging technology to deliver business impact through Front-end transformation, Platform-led transformation, and Data and Analytics led- transformation

 

Effective data management and process discipline are the first steps toward risk control, monitoring and compliance. EGC enables this through a centralized risk governance framework. EGC helps leading financial services firms across the globe, comply with the changing regulations, efficiently manage data, and establish an overarching governance and risk framework through a dedicated Risk and Compliance management practice.

 

EGC unlocks value and synergies for customers through multiple alliance models backed by decades of strategic partnership experience with the top Global 500 firms. These alliance models have in-built variable pricing structures and can help rationalize a bank’s balance sheets to meet regulatory and end-client requirements.

 

Would you like to start a project with us?