Banking and financial operations have undergone a complete paradigm shift as a result of emerging technologies. With the extensive use of technology, FinTech companies have introduced new ways of banking, forcing banks to adhere to the modern way of banking with an omnichannel approach. With the advent of globalisation and a constant battle in a highly competitive market, banks, non-banking lenders, FinTechs, and credit unions have been forced to reconsider their business profiles and adapt to the evolving customer needs provided by our Financial Digital Services. Financial institutions must consider more than just automated financial services and concentrate on the customer experience.
Emerging technologies have brought a complete paradigm shift to banking and financial operations. FinTech companies have introduced new ways of banking with the extensive use of technology, making banks to adhere to the modern way of banking with an omnichannel approach. The advent of globalization and a constant battle in a highly competitive market has compelled the Banks, non-banking lenders, FinTechs, and Credit Unions to reconsider their business profiles and adapt to the evolving customers’ needs provisioned by our Financial Digital Services. Financial institutions must think beyond just an automated Financial service and focus on customer experience. Offering a cutting-edge service with improved, secure, and cost-effective financial operations has a significant impact on the customer experience. DataBrass’s banking and financial IT services use disruptive technologies of AI, IoT, App Modernization, CRM, Analytics and Cloud to help financial institutions achieve their goals.
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Governance Risk & Compliance
To achieve an organization's goals, the three pillars of governance, risk management, and compliance must all work in tandem. DataBrass’s Governance Risk & Compliance solutions for Banking & Financial IT services help to streamline and automate data governance and reconciliation processes, as well as support Basel, Dodd-Frank, and FATCA regulations compliance. As part of the Credit Risk Compliance team, we serve as the organization's third eye, detecting and predicting potential defaults and estimating future losses, conducting stress tests on loan portfolios, and conducting scenario analysis to assess credit default exposure.