BFSI: RiskTech to drive competitive edge
TCS-Chartis Research – Insights for banking, capital markets, and insurance
- Overview Press tab for submenu items
TCS is here to make a difference through technology.
Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
-
Industries
-
Services
-
Products and Platforms
- Overview Press tab for submenu items
We deliver excellence and create value for customers and communities.
Our expert, committed team put our shared values into action – every day. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.
-
About Us
-
Research & Innovation
-
Our Brand
- Overview Press tab for submenu items
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Customer Stories
-
Perspectives
-
Global studies
-
Topics
- Overview Press tab for submenu items
Want to be a global change-maker? Join our team.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Overview
India
expand here
Americas
expand here
Asia Pacific
expand here
Europe and UK
expand here
Middle East and Africa
expand here
- Overview Press tab for submenu items
Find the latest news about TCS in our Newsroom
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
-
Press releases
Recent Press releases
View all -
News alerts
-
Analyst recognition
Recent recognitions
View all -
Events
-
Media kit
- Overview Press tab for submenu items
TCS works hand in hand with world-leading investors.
Tata Consultancy Services LimitedNSE:TCSINR -
Management Commentary
-
Financials
-
News and Events
-
ESG
-
Resources
Overview
Management Commentary
expand here
Financials
expand here
News and Events
expand here
ESG
expand here
Resources
expand here
Top Results
Showing
10
01 - 07
You have these already downloaded
We have sent you a copy of the report to your email again.
Industries
Banking
This will open an overlay
Banking Services Transformation: Unlocking Exponential Value
TCS’ solutions help banks and FIs push traditional boundaries and build cognitive banking enterprises for better value, resilience, and inclusivity. Learn more.
Related Insights
As the headline sponsor, TCS will hold sessions on modernizing the mortgage value chain and the role of AI, data, and more in elevating CX. Join us at BSA 2025.
Events
07 May 2025
Digitizing property data using distributed ledger technologies and blockchain systems can help the UK govt ease the property registration process. Learn more.
White Paper
24 Apr 2025
Digital technologies and open banking can help facilitate a mortgage experience as seamless as an ecommerce purchase transaction and meet customer expectations.
White Paper
24 Apr 2025
TCS BFSI Platforms
This will open an overlay
TCS BFSI Platform: Transforming Financial Services for Better CX
TCS BFSI Platforms is a cloud-native, as-a-service digital ecosystem that helps FIs and insurance firms overcome challenges and deliver superior CX. Learn more.
Related Insights
Read how financial service firms and L&P companies must reimagine their operations and embrace new business models and trends to navigate through tough times.
White Paper
25 May 2022
Read how a platform-based ecosystem in pension payroll integration and bank account verification helps reduce pension frauds and improve time to value and CX.
White Paper
26 May 2022
Insurance
This will open an overlay
Reinventing the Insurance Industry with a Digital-first Strategy
TCS’ solutions, powered by AI and automation technologies, help leverage partner ecosystems and drive innovation in insurance for business agility and growth.
Related Insights
Learn how AI agents in insurance help enhance the claims function across customer experience, back-office operations, smart engineering, and IT operations.
White Paper
20 Mar 2025
Join us at the GAIP InsureTek Dubai 2025, where TCS, a platinum sponsor, will hold a session on tech-led innovation and its role in the future of insurance.
Events
16 Apr 2025
FIs must build their own roadmaps to modernize legacy data collection and drive transformation to achieve seamless financial regulatory compliance. Learn more.
Blog
11 Apr 2025
Managing emerging risks in BFSI: an uphill battle
In the banking, financial services, and insurance (BFSI) sector, firms are struggling with emerging risks such as cyber, climate, operational resilience, and supply chain, among others.
While BFSI firms are constantly upgrading their models and infrastructures to accommodate new regulatory requirements, evaluating emerging risks poses big challenges. Diverse methodologies and a large number of vendors operating in this space further complicate the issue.
Our research focused on the state of RiskTech adoption in the BFSI industry and how firms can leverage it to better manage emerging risks and gain a competitive edge. We also examined how firms in the three sub-sectors of the BFSI industry—banking and financial services, capital markets, and insurance—are utilizing RiskTech in mitigating emerging risks. The research and analysis is contained in a series of four reports:
- BFSI report – an overarching view of key findings and recommendations. Download the full report
- Banking report – a deep dive into the banking results and the level of RiskTech adoption. Click here for more
- Capital markets report – a detailed analysis of how broker dealers and capital markets firms are using RiskTech. Click here for more
- Insurance report – an extensive review of the risk landscape and RiskTech adoption. Click here for more
Key findings: BFSI
Close
Key findings: BFSI
A changing risk environment
Structural barriers, new risks, challenges created by rapid digital transformation, and regulatory uncertainty in some areas have come together to create a continually shifting risk environment in the BFSI industry. Amid rising IT and cyber risks (over 80% regard them as ‘highly significant’, especially for data privacy and operational resilience), strategic risks, supply chain and climate risks as well as industry- and geographic-specific risks, firms are ramping up investments in an array of non-financial risk management tools.
Evolving Risks
Close
Evolving Risks
Obstacles in managing emerging risks
We asked BFSI firms about the main concerns they face in addressing emerging risks.
Top Challenges
Close
Top Challenges
RiskTech: now and future
BFSI firms have relied on technology to effectively address emerging risks. Yet, their adoption is not uniform across different types of risk. Further, GenAI implementations are largely limited to pilots indicating that there is much more to accomplish on the road to maturity.
Now and the Future
Close
Now and the Future
BFSI firms and regulatory bodies are equally focused on managing emerging risks though there is no consensus on methodologies, tools, and techniques as yet. In terms of RiskTech adoption and focus, emerging risk areas signal signs of maturity even as modeling, tools, and techniques are at an evolutionary stage.
About the research
TCS and Chartis Research jointly conducted a study of banking, financial services, and insurance (BFSI) organizations on emerging risk types and the role of RiskTech. We surveyed 152 BFSI firms, predominantly large and mid-sized firms, with a diverse institutional mix across the BFSI spectrum. Our interview respondents included CEOs, board members, chief risk officers (CROs), heads of IT risk and a range of other risk and regulatory leads.
To support our quantitative survey, we also conducted more in-depth qualitative interviews of 54 institutions spread across banking, capital markets, and insurance. These institutions are distributed across Europe, North America, and Asia.
Related reading
Swipe Left
Swipe Right
©2025 TATA Consultancy Services Limited
©2025 TATA Consultancy Services Limited
- Privacy Notice
- Cookie Policy
- Accessibility Declaration
- Disclaimer
- Security Policy
- California Notice at Collection
- Customize Cookies
What’s on your mind?
We’re here to help! Tell us what you’re looking for and we’ll get you connected to the right people.
Looking for something else?