Financial Services
Financial services are at the heart of the Scottish economy. But to stay at the forefront of modern financial provision business intelligence (BI) needs to be used to get more from the sector’s existing assets. Its cost base also requires constant attention to maintain competitiveness and adaptation is necessary to fit with changing market conditions and regulatory frameworks.
At a time when every penny counts, you need to extract value from every part of your operation – which is exactly what we’ve helped financial services organisations across the UK and beyond to do for the past 40 years. With more than 6,000 sector professionals, whatever problem you’re facing, we’ve helped solve it or something very similar before.
We’re currently helping Scottish banks with BI strategies and models to comply with Basle II and Financial Services Authority (FSA) regulations. Automating previously manual processes has enabled us to provide dashboards that give an overview of where the risks lie in their businesses. In turn, that means they can focus on the areas with the biggest potential benefits and reduce hazards.
Our rFRAME automated reporting system is helping Scottish banks to meet Bank of England and FSA requirements, just as it does for other financial institutions across the UK and Ireland.
Companies need to know their customers properly – another area where BI is crucial – and we have the products and systems to help you do just that. They’re a result of years of thinking and acting on the issues involved.
We’ve developed BI competency centres, covering consultancy, programme management and outsourcing any way you like it – onshore, near-shore, offshore or the best blend to meet your purposes.
We’re working with financial services companies on identification management and authentication and have developed Intelligent Self-Learning software that you can bolt onto your existing scanning technology to improve it significantly. You gain more positive hits against sanctioned entities and politically exposed people and fewer false positives, which cuts your costs while increasing proof of compliance.
And whether you’re involved in a merger, acquisition or divestment, you’ll need to rationalise your systems through integration or systems separation. We’ve handled them all, from information management and data migration in merged systems for major Scottish banks to the recent splitting of Gatwick Airport’s systems from those of BAA.
We’re helping insurers, too. If you use Polaris’s ProductWriter, you’re using a system developed and maintained by us. Insurance companies face the same pressures of consolidation, compliance and cost-cutting and, again, we’re finding innovative ways that allow them to meet all three pressures while growing their businesses.
