Driving Digital Transformation in BFSI with Next-gen Engineering

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Not all digital transformation journeys turn out to be a roaring success.

Often legacy systems, siloed strategies, and gaps in aligning technology with business goals become serious blockers as organizations look to transform and become digital-ready. In addition, changing customer requirements, financial constraints, and the complexity of technology integration add to the challenge. For financial institutions, the situation exacerbates with the need to abide by evolving regulatory demands.

Against this backdrop, financial institutions are often unable to leverage the full potential of the digital transformation journey and drive sustained growth. But partnership with the right IT service provider can be the key to turning these transformation initiatives into meaningful, profitable investments.

In Conversation with Stessa Cohen

As the technology landscape is changing rapidly, so is the way software is designed and engineered.

TCS combines its NextGen Engineering practice with an innovation mindset to address customer requirements, helping them create, adopt and leverage emerging technologies and provide next-gen delivery with next-gen engineering mindset.

According to Third Eye Advisory, a leading independent analyst firm, a critical differentiator for evaluating an IT service provider is to see if the organization walks the digital transformation talk both internally and externally.

Stessa Cohen, Strategic Advisor, Third Eye Advisory, says TCS has been able to transform its own internal culture to enable the organization to onboard the engineering skills across the enterprise to meet the demands of its customers, including those of large financial institutions for both modernization and innovation.

TCS’ NextGen Engineering practice places high value on the ability to use new tools and innovations to drive change internally and for their customers. Speaking about the firm’s investment in latest technologies and onboarding new talent to create products and services for their customers, she says, TCS is well positioned to help the banking services customers.

The assessment also highlights the scalability of TCS’ offerings to drive enterprise-wide transformations for financial services firms and the depth of its horizontal expertise.

As financial institutions move away from proprietary architectures, systems and technologies, they will need the services of IT service providers even more to help them juggle technologies, strategy and operations. With excellence in emerging technologies, a NextGen engineering mindset in offerings design, domain and IT services expertise, and an extensive talent pool with an innovation mindset, TCS is well-positioned to support mission-critical banking and financial services initiatives

Stessa Cohen
Strategic Advisor, Third Eye Advisory

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