Banking and Financial Services
Banks have traditionally been at the vanguard of outsourcing to leverage cost benefits and focus on core business priorities. The industry needs experienced and trusted partners to manage its specific challenges that include: partner long term viability, domain expertise in the vast variety of banking products, customer or proprietary data security, ability to deliver integrated IT solutions, business continuity, global delivery, etc.Partnering with banks for nearly a decade, we not only bring in product expertise, but holistic solutions combining technology, process excellence, and global delivery capabilities that are second to none.
Despite apprehension regarding economic and regulatory instability, the banking industry as a whole is innovating on several fronts: reducing business complexity, managing risk holistically and achieving customer centricity via advanced analytics.
Lera’s Expertise focuses on the following domains.
- Core Banking Applications
- Treasury & Capital Markets
Financial services firms have navigated a truly turbulent global economic environment. Slow growth and the sovereign debt crises in major markets are slowing demand for financial services; regulators are ushering in a new era of government oversight; and the rise of non-banking firms as competitors is remaking the industry landscape. Amidst these challenging times, the needs and nature of the Financial
Services customer base are also shifting dramatically. Banks continue to struggle to regain the trust of customers, counter-parties, regulators and governments after the real and perceived failings of the financial system in 2008. Customers expect more than just trustworthiness, however. They are also demanding transparency, varied offerings and multiple channels through which to do business. For those that meet these challenges with action and intent, the global financial services market offers unprecedented growth potential. There is no doubt that financial services companies will have the opportunity to manage this enormous global growth in wealth.
- Data Migration