Banks need to control costs, manage risk, and combat volatility to stay afloat. On the other hand, the biggest challenge they face is engaging customers. Customers impatiently look for:
Banks, are you ready? At BRVTECK, we offer custom solutions to meet all these challenges. Hold on, there are evolving challenges. Smart Account Opening, customer engagement, loans originating and processing, reducing operational costs, profit enhancement—the list goes on for the banking and finance sector to remain competitive. In India, a large number of people are opening bank accounts due to government initiatives for cashless transactions. Billions of people in India are not fully utilizing e-commerce. Millions want to open new accounts. Banks require Account Opening Software to help a significant number of customers open new accounts. People want easy solutions and user-friendly dashboards.
Understanding these unique requirements, Team BRVTECK is proactively helping customers with tailored solutions like smart mobile banking solutions and consulting services for the banking and finance segment. Shall we partner?
Banks, you need advanced safety features and data management optimization. After the great recession of 2008, many mega corporations shut down in the US. Banks were the worst hit, and many companies were forced to opt for mergers and acquisitions for survival. In India, post-demonetization, banks saw unprecedented workflow. Other than this, the continuous threat of malware is asking even the Wipro CEO to shell out cash. Cybersecurity for cards and payments is a serious issue, and BRVTECK has genuine concerns to calm the worries of relevant stakeholders.
Today, we see many banking institutions in India going for mergers. For example, Kotak Mahindra merged with ING Vysya in 2015. The Union Government's proactive digital policies resulted in the merger of SBH with the parent bank SBI. The government is also planning to sell a few nationalized banks. All these will result in data mergers, data transfers, and ensuring cards and payments security without breaches. Yes, existing risks and emerging risks call for an additional layer of security for cards and payments. At BRVTECK, we have comprehensive and tailored IT solutions for the cards and payment businesses.
Cards and payments stakeholders, you need:
Have you thought about modernizing payment mechanisms and ATMs? Are you considering Switch and Payment Gateway Integration? To create a delightful transaction experience, it's important to avail the services of an experienced IT team like BRVTECK.
Look at the current challenges:
Banks, you need to optimize data management to meet customers’ evolving requirements. The banking industry should address the security issues mentioned above to win customers' and businesses’ trust. Grow with analytics, improve customer value, and provide advanced safety features with our predictive analytics solutions. Address existing challenges like Run-the-Bank (RTB) costs, and avail big data, cloud technology, and predictive analytics through our IT solutions. That’s the way forward.
Investment banking faces regulatory changes, posing challenges to essential functions like capital, risk management, liquidity, compliance, traded markets, and governance. This calls for automated BI solutions. The more you delay in adopting these solutions, the more market share you lose to competitors.
Investment banking thrives with IT-enabled personalized solutions. JP Morgan termed investment banking as a non-growth sector, but we at BRVTECK believe otherwise. We can make this a growth area with strategic IT-enabled solutions. Investment banks, you require:
Against this challenge, BRVTECK offers tailored risk management and analytics solutions to investment banking companies. The banking segment requires robust solutions like automated testing, proliferating customer-facing portals, and safety features to respond effectively during this digital and mobile-friendly era.
If your requirement is for Blockchain technology to reduce compliance costs by 50%, we can offer auditing-friendly packages that don't require data reconciliation.
Investment bankers, your shrinking revenue pools are our concern. Avail custom IT applications from us, focus on your core strengths, and increase your ROI. Collaborate with the BRVTECK team to raise bottom-line profits by strategically focusing on core priority areas.