Banking on innovation
Banking is moving beyond banks. As banking services become embedded in other sectors, firms are pushing their traditional boundaries to build cross-industry ecosystems and create value at every stage of the customer journey. This boundaryless model, supported by the right intelligence, helps create innovative offerings and experiences. And a humane approach to banking—based on inclusivity and sustainability—drives holistic growth.
As banks take steps to manage emerging risks, they must tackle some key aspects including the wide array of quantitative techniques, alternative risk measures and frameworks as well as the need to integrate cyber risk into organizational risk functions. This report delves into how RiskTech adoption will evolve and mature in the banking and financial services sector and offers insights on ways to manage emerging risks.
Artificial intelligence (AI) is reshaping the banking, financial services and insurance (BFSI) industry landscape by making inroads into several functions including risk and compliance management. This TCS-Chartis Research report reveals that AI will be increasingly integrated into financial organizations’ risk and compliance frameworks in the long term.
We are very pleased with the decision to continue our partnership with TCS for an additional five years. We already have a longstanding and proven relationship where TCS has helped enable some of our biggest transformations and innovations over the past twelve years. We look forward to seeing what we can achieve together in the future.
TCS, winner across five categories in Chartis’ RiskTech100 2024 Ranking and Awards was recognized for its robust analytics-led, artificial intelligence-powered GRC solutions.