Today’s market shifts and disruptions result from heightened internet use and digitization. The focus of every organization in this sphere is to get information to the customer’s fingertips, thereby fuelling digital transformation. Although systems are in place, regulatory scrutiny also affects the industry’s revenue growth and operating efficiencies. Unless the two are addressed, a high-risk situation could fall upon financial and wealth management institutions, including retail banks and real estate investment trusts. Some of the risks specific to this sector include misaligned business processes and information silos that affect operations and information security.
Additionally, several disruptive technologies and fintech trends such as automation are gaining a quick foothold in the industry. Established financial institutions, retail banks, wealth management enterprises, and real estate investment trusts must address the challenges and assimilate these latest technology trends to serve customers better and cement brand loyalty.
What is required is a holistic approach to seamlessly integrate development and operations via automation, standardization and resource management, which is the mantra for futuristic financial institutions. Smartsys offers a full array of innovative and focused services portfolios addressing automation, standardization and resource management needs – helping companies stay ahead of the game.
Challenges
- Operational efficiency
- Data loss and security
- More sophisticated consumer demands
- Increasing product complexity
- Customer retention
- Navigating regulatory compliance
Advisory and consulting
Business process management
Self service and collaboration solution
Banking blockchain suite
Risk data management suite
Insurance automation
Partner with us to overcome your IT challenges.
Retail banking customers prefer doing everything remotely – both transactions and advice or purchases – take advantage of multiple digital channels. Retail banks see this as a major cost center – but looking at the future of banking, this dynamic needs reversal. Instead of considering it as a cost, Retail banks should provide omnichannel service, accelerate the transformation of core banking systems to retain existing customers and attract new customers.
We make retail banking genuinely customer-centric. We enable superior digital experiences by leveraging disruptive technologies, APIs and DevOps to optimize infrastructure and adopt a futuristic attitude to accelerate retail banking business models.
The real estate market is a booming component of global financial business, and REITs occupy a significant position. Efficient business applications are critical for making the right investment decisions. Real estate investors working in Real estate investment trusts must make informed decisions regarding sales and trends to maximize profits. But finding the right mix of systems to improve performance, internal business processes, and ROI has become a daunting task.
We understand the unique needs of real estate investment trusts managers – Equity and Mortgage REITs. We offer the perfect combination of technical expertise and deep domain understanding to successfully deliver impactful solutions to meet those needs.
The global wealth management industry is expected to reach $3 Trillion by 2030. The industry constantly innovates with different product mixes that are launched to outperform the market and deliver superior returns for investors.
To differentiate itself in the fiercely competitive market and to meet the growing customer expectations, it is imperative to develop a next-gen version of wealth management application.
Digitization of wealth management provides opportunities to create revenue uplift and lower the cost-to-serve using digitally-enabled client relationships, increased front-office productivity and operational excellence.
We leverage our industry experience in wealth management and provide services in areas of business strategy, process re-engineering, risk evaluation, and platform support.
Financial companies have redefined innovation in their business. They are changing the market dynamics by focusing on emerging technologies that have the potential to provide a renewed experience to their customers. Secure interface and robust performance define the success factors for this domain.
We partner with FinTech companies to expand their businesses, improve customer service and processes, or cut costs through automation.