As you know, financial institutions operate in highly competitive and regulated markets. These pressures drive the need to be agile to balance growth, efficiency and resiliency in the face of market changes. FinTechs are also placing pressure on institutions by disrupting traditional business models. They are disintermediating consumers from firms, or introducing modes of operation that reduce or eliminate the need for your services. Peer-to-peer lending, insurance, cloud-based banking and investing, and financial marketplaces are just a few ways that customary financial services business models are being disrupted.
But to dramatically improve your organization’s ability to respond to these disruptions, one need look no further than the areas of process and operational optimization. By shifting responsibility for the execution of core processes and transaction services, you can reduce your operational complexity, become more resilient and gain the needed time and focus to maximize profits and identify growth opportunities.
Concentrix partners with Retail and Commercial Banking and Financial Services clients to streamline key front- and back-office processes, including:
- Collections & Debt Management
- Risk Management & Compliance
- Credit card processing
- Payment services
- Trade Transaction and Supply Chain Management Tools
- Acquisition services
In so doing, you can deliver high-value customer interactions and improve your expected business outcomes.