Skip to main content
Skip to footer

  • Banking / WHITE PAPER

Building a Sustainable Core for Financial Institutions

 

Shantanu Talukdar

Chief Innovation Evangelist, BFSI, TCS

Vivek Chondagar

Innovation Champion, BFSI, TCS

You have these already downloaded

We have sent you a copy of the report to your email again.

Financial firms need an integrated framework to adopt sustainable practices

With the aim of CO2 emission reduction, the UN and central banks worldwide are mandating financial institutions to pursue climate change reversal actions and move toward a sustainable future. The impact of climate change is nudging financial institutions to go beyond their core functions and lead the way for a sustainable future with targeted green finance and the adoption of sustainable practices. We outline an integrated and flexible framework for financial institutions to infuse sustainability into their core:

  • Ecosystem fabric: Achieve goals and business growth through innovative partnership models. 

  • Enterprise fabric: Conduct technological operations while incorporating ‘sustainability by design’.

  • Technology fabric: Build a core with a mix of emerging technologies to mitigate risks. 

  • Data fabric: Build a core data foundation to incorporate new data models.

Related reading

TCS helps Westpac simplify its Wealth Management business

Case Studies | 16 Mar 2023

Combining Embedded Finance with Customer Journeys for Greater Value

White Paper | 14 Mar 2023

Leveraging Data-driven Decision-making in the Mortgage Business

White Paper | 02 Mar 2023

Enhancing customer experience in banking with IVR system testing

White Paper | 21 Feb 2023

Transformation starts here

Ready to move from enterprise to ecosystem?

Talk to our experts

Find out more