Banking on Change
Banks today face dynamic economic and market conditions, reduced margins, increased customer expectations and intense competition in a rapidly changing regulatory environment. Given the unprecedented changes sweeping the financial services industry, progressive banks are examining their business strategies and recognizing the need to restructure their financial value chain. Developing and implementing innovative business models require a business transformation that goes beyond technology capabilities to including increased process efficiency, cost reduction, implementing effective controls, and enhancing process automation.
To achieve this next-generation bank transformation, financial institutions need the right tools, proven methodology, and standardized industry best practices. Logica has developed a broad five step approach to a complete bank transformation that is tailored to each specific bank's needs and business goals. This white paper focuses on this approach and examples of banks that have undergone a modernization initiative.
