Discover the key challenges BFSIs face and learn how cloud ops and AI-powered data platforms can accelerate business performance from industry experts.
The banking and financial services industry faces significant technical debt due to outdated and inefficient technology solutions and legacy systems. Carrying this burden impedes the company’s ability to adapt quickly to market changes and customer needs and also increases operational costs, reduces efficiency, and creates vulnerabilities in cybersecurity. Moreover, customer expectations are rapidly evolving, with an increased demand for personalized experiences, self-serving options, and seamless, omni-channel interactions.
Digital transformation has become a mandate to address these challenges, and creating a customer-centric strategy enabled by core technologies such as cloud and data analytics is the need of the hour.
Modern BFSI organizations must accumulate strategic insights by analyzing customer behavior, transaction patterns, and risk indicators to make data-driven decisions, develop personalized marketing strategies, detect fraud, and improve operational efficiencies. Cloud and big data analytics supported by security can help position organizations for sustainable growth and competitiveness in the dynamic market landscape.
Korcomptenz's Digital Transformation Framework and Analytics Platform for BFSI
In this webinar, we presented the current industry scenario, the key challenges faced by BFSI, and the need of the hour. We demonstrated how Korcomptenz’s cloud-powered technology solution addresses legacy system modernization, security and data privacy, scalability and operational excellence, and cost and compute optimization and also showcased our data and insights platform as a modern analytical foundation for BFS. The webinar was conducted on August 9, 2023.
Agenda for the webinar flow is as follows
- 01:27 – Digital prioritization for 2023 BFSI
- 08:37 – The key asks and the need of the hour (Data, AI, Cloud)
- 15:25 – KOR Solutions for Banking & Financial Services
- 20:35 – Leveraging Cloud Technology
- 22:33 – Progressive application modernization explained with case study
- 26:36 – Crafting an effective cost optimization strategy with case study
- 29:07 – Security against Digital Heist
- 32:03 – AI-powered intelligent platform with use case scenarios for Gen-AI
- 41:44 – How to get started with Korcomptenz
- 43:46 – Key Takeaways
– Digital prioritization for 2023 BFSI
– The key asks and the need of the hour (Data, AI, Cloud)
– KOR Solutions for Banking & Financial Services
– Leveraging Cloud Technology
– Progressive application modernization explained with case study
– Crafting an effective cost optimization strategy with case study
– Security against Digital Heist
– AI-powered intelligent platform with use case scenarios for Gen-AI
– How to get started with Korcomptenz
– Key Takeaways
KOR BFSI Solutions
We demonstrated how Korcomptenz can create Digital Experience, Digital Workplace and Digital Business portfolios for the BFSI clients to drive better customer satisfaction by creating an omni-channel experience, improve the collaboration and productivity of teams, and enhance strategic decision-making through deep, actionable insights through our insights platform as a modern analytical foundation for BFS.
The key takeaways
In our webinar, we showed case studies and use case scenarios with Cloud Ops and Generative AI. We established that Cloud cost optimization is more than just a review of an AWS and Azure bill. We dwelt to demonstrate how progressive application modernization, security, Data and AI-powered Intelligent platforms can help you derive the bang for the buck.
How can Korcomptenz help?
With our significant experience of offering high-end data and analytics solutions across the vast landscape of cloud infrastructure providers, including Azure, AWS, GCP, Oracle and ServiceNow, we have helped various regional banks, credit unions, and FinServ organizations transform digitally.
As a next step Korcomptenz is open to engage with you on the next level of details and discuss how we can help kickstart your transformation journey to help you stay ahead of the curve.