Banks You Need Advanced Safety Features and Data Management Optimization.
After the great recession 2008, many mega corporations shut down in the US. Banks were the worst hit,
and due to its impact, many companies were forced to opt for mergers and acquisitions for survival. In
India post demonetization, banks saw unprecedented workflow. Other than this is the continuous threat
of malware asking even Wipro CEO to shell out cash. Cyber security to 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. Union Government proactive digital policies resulted in the merger of
SBH with parent bank SBI. The government is also planning to sell a few nationalized banks also. All
these will result in data merger, data transfer, ensuring cards and payment security without a security
breach. Yes, existing risks and emerging risks call for an additional layer of security to cards and
payments. At BRVTECK, we have comprehensive as well as tailored IT solutions for cards
and payment businesses.
Cards and Payments Stakeholders, You Need
• Electronic Bill Presentment and Payment (EBPP)
• Electronic Invoice Presentment and Payment (EIPP).
Secondly, have you thought about modernizing of payment mechanisms and ATMs? Are you mulling
Switch and Payment Gateway Integration? If you want to create delightful transaction experience, it is
important that you should avail the services of experienced IT team like BRVTECK.
Look at the challenges at present:
• Data Management for E-Commerce and M-commerce
• Handling anti-fraud payments
• Creating multichannel and omnichannel experience
• Dealing with cryptocurrencies
Banks, you need to optimize data management to be with customers’ evolving requirements. Banking
industry should address the security issue mentioned above and win the customers as well as
businesses’ trust. Grow with analytics and improve customer value, provide advanced safety features.
Help customers with our predictive analytics solutions.
Existing challenges like Run-the-Bank (RTB) costs, owing to the FTE based pricing needs to be addressed
with our robust IT solutions. More challenges are in the offing as banks looking towards shutting down
their branches in large numbers globally. Avail big data, cloud technology, predictive analytics through
our IT solutions. That is the way forward.