Making IT work for finance

Financial Services: Leading change through IT

Financial Services: arguably, one of the most dynamic sectors in the world, balancing increasingly stringent regulatory and security pressures with greater customer expectations and the need for faster processing of vast amounts of data.  When it comes to Financial Services IT, Peru's consultants have seen it, done it and helped organisations stay ahead of the change curve.

Retail Banking

As our research shows, it's no secret that the retail banking world has been under enormous pressure over recent years.  However, high street banks are now finding their feet again and using IT and cloud-based services to help meet customer expectations.

To achieve this, the retail banking sector is facing a number of critical IT challenges:

  • Making fundamental infrastructure, systems and process changes to enhance the customer experience
  • Meet the demands of increased online banking and implement secure, easy-to-use applications for mobile devices
  • Introducing in-branch public Wi-Fi
  • Creating community 'hubs' as well as offering traditional banking services
  • Building trust through the deliver of exellent service and robust services through best-in-class technology
  • Securing best-price IT & Telecoms services to enable secure, high-performance systems and process access for staff

Crucially, the IT changes banks are now implementing are having wider positive impact on overall business development.

Insurance Services

According to the Association of British Insurers, the UK Insurance and and Long-term Savings industry is the third largest in the world, managing investments of £1.9trn (equivalent to 25% of the UK’s total net worth).  Technology plays a significant role in keeping the sector moving forward.

In particular, Peru's experience in the sector indicates that:

  • Advanced analytics and Big Data are playing an increasing role in enabling insurers to evolve business models, increase efficiency and lower costs
  • New business developments such as autonomous vehicles will impact insurers' business strategies
  • Continued drive for business efficiency requires renewed focus on simplified architecture and IT transformation to increase effectiveness and reduce costs

A Peruvian approach to Financial Services

Peru's financial services-specific expertise covers IT Strategy, Architecture, Sourcing, Transformation and Optimisation.

Peru has been asked by high-street retail banks and insurance companies in the UK and Ireland to help meet their IT challenges.

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THE PERU REPORT ON RETAIL BANKING IT

Turn to Face the Change is a survey of 100 senior banking IT leaders and 1,000 UK consumers, highlighting the pressures facing the traditional retail banking sector from customer expectations and agile competition.

For your downloadable version of this 'must read' research, CLICK HERE...