Emerging from the downturn, Banking and Financial Institutions are readying themselves for a more stringent global regulatory environment. The Dodd-Frank Wall Street Reform and Consumer Protection Act as well as upcoming Basel III regulations require companies to hold more capital, capture and report more data, and measure and manage risks more efficiently.
Industry players may need to re-evaluate business models and long-term strategies so as raise efficiencies of systems and processes. Tightening risk management, rebuilding customer trust, cutting costs, changing pricing structures, focusing on core competencies, and introducing new products and services are some of the top strategic priorities.
To address the business challenges presented by the impetus toward regulatory reforms worldwide, banking and financial institutions are scaling up agility and performance for which transformation of IT systems is playing a significant role.
Newk Solutions provides consulting and IT-based services and solutions to customers. We offer a comprehensive set of solutions to banks and financial industries through our unique three-dimensional model, which encompasses technological services, enterprise solutions, and industry-specific solutions. We have worked with many banking, mortgage and financial consulting providers. Newk Solutions is the partner you can trust to help you complete projects in time, within budget and uncompromised quality.
Our team comprises of professionals who have a deep knowledge of the industry and the technologies required to give enterprises the competitive edge. Newk Solutions has the ability and can work with leading software companies in the areas of business process management, cash management, online customer self-service, enterprise content management, and banking and payment technologies, providing the entire range of services from product conceptualization to implementation right through to customer implementation and support. Newk Solutions deep domain knowledge, experience in Banking & Financial Services and technology provides unique advantage to cross-leverage skills and best practices.
At Newk Solutions, we understand the nature of the change in the BFS sector and deliver Solutions that help address these new challenges on the horizon. We enable our clients to achieve business results above and beyond essential cost savings and realize greater value from their IT investments.