Banking & Financial Services

Business Transformation: A Holistic Approach to Client Onboarding

Business transformation is defined as a fundamental change to processes or operating models. In most cases, the first consideration is the driver for transformation, that is, the cause of the business transformation. These drivers can fall into a wide spectrum of causes, including the desire to enter a new business, a regulatory change, or a 

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Branch Banking May Outlast the Online Channel After All

There have been many articles and opinions written about the demise of the banking branch. These discussions have dated back to when the ATM was first introduced and have been brought up again more recently due to the rise of mobile banking. Today’s consumer bank provides services across physical branch, ATM, online, mobile and tablet 

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How Wall Street is adopting the Tablet devices

Tablets are everywhere on the Wall Street, on trading floors, in the offices of money, fund and wealth managers, brokers are using them, so are traders, regulators, financial analysts, accountants, auditors, media persons and the persons who run the IT back office and data centers. Because of their light weight and convenient form factor (from 

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5 Important Things Capital Market Organizations Need to Consider for Achieving Leadership in Client Onboarding

Implementing an onboarding solution is a critical step for capital market organizations in order to build durable relationships with their clients, enhance their experience with the organization and in the long run, build loyal customer base. When implementing an onboarding solution it is important to consider the solution from a holistic point of view.  An 

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Leveraging Regulatory Change to Improve Capital Markets Efficiency

In capital markets today, it is very easy to find someone who can provide a list of reasons why the Dodd-Frank Act is onerous and unnecessary.  However, if we accept the inevitability of these new business requirements, we can try to look at the regulations in a different light.  The changes that these regulations require 

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Five Critical Mistakes to Avoid when Building an Enterprise App Store

Enterprise app stores are becoming a critical component of enterprise mobility. More and more enterprises are either building or looking to build enterprise app stores to distribute and manage enterprise mobile applications. The increasing usage of tablets such as the iPad, the bring your own device (BYOD) phenomena and organizational wide activity in rolling out 

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The Top 10 “Must-Have” Features of an Enterprise App Store

Enterprise App stores serve a very important purpose: the ability to distribute internal applications to organizations’ employees and other stakeholders without having to upload the app onto a public app store. With the proliferation of mobile devices, BYOD policies, and the large scale adoption and usage of tablets such as iPad within the enterprise, the 

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Cloud Computing Adoption in the Banking and Financial Services Industry

Despite the slow adoption of cloud computing by the banking and financial services industry with security and reliability being the major concerns, financial institutions are quickly resorting to cloud-based services to achieve increased agility and lowered total cost of ownership (TCO). According to IDC, worldwide revenue from public IT cloud services exceeded $21.5 billion in 

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5 Mobile Apps that will be Widely Adopted by Financial Institutions in 2012

Financial services firms globally are investing strategically in enterprise mobile financial service solutions to deliver more mobile-based banking services and reduce the overall cost of operations. According to a recent survey by KPMG, mobile banking has already reached critical mass with 33% of US consumers conducting banking transactions over their mobile devices. This number is 

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Banking and Financial Services: 5 Key Technology Trends for 2012

The economy has disappointed in 2011, and 2012 looks similar. In the US, the housing crisis and high unemployment persist. The euro debt crisis threatens Europe with recession. Healthier regions like Asia are too small and too export-oriented to escape a downturn in the West. The best macro case appears to be halting progress on 

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Virtusa acquires ALaS: Delivering greater value to Banking and Financial Services clients

Last week, Virtusa announced the acquisition of ALaS Consulting.  ALaS provides comprehensive management consulting services to the banking, financial services and capital markets communities.  This acquisition continues Virtusa’s strategic pursuit of providing high quality consulting and implementation services that are second to none. The IT services community has many players.  Yet, few organizations are able 

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