BFSI EIIR (Engineering, IoT, Industry 4.0 and R&D) Trends Q4 2019

How are BFSI enterprises leveraging EIIR providers? (Deals/Contracts/ Partnerships)

  • 1

    The Reserve Bank of India, a central banking authority in Asia, has chosen TCS as its strategic partner to implement a state-of-the-art Centralized Information & Management System, comprising end-to-end data collection to data dissemination platform, enabling data-driven business decision making. TCS will create a next-generation AI platform for better regulation of financial markets and better tracking of the country’s economic growth parameters. This includes the creation of a regulatory sandbox for FinTechs and other organizations that wish to subscribe to reliable and current economic data.

  • 2

    A large US-based financial services company has chosen HCL as its engineering partner for digital transformation. HCL will help the client transform itself from a traditional company to a fully digital enterprise that offers its end-customers an omni-channel experience. As its digital transformation partner, HCL will help reduce the time and effort to manage international payments while taking full ownership and accountability of the client’s Money Transfer Platform.

  • 3

    A consumer finance bank providing services across Europe has chosen HCL for development of a loan origination platform which will be rolled out to all markets. HCL will identify key functionalities in each country and develop a minimum viable product as per the predefined backlog created by the customer. HCL will also focus on scaling out the features and rolling it to production.

How are BFSI enterprises organizing their EIIR activities? (GICs/ R&D Best Practices/Solutions)

How are BFSI EIIR providers developing their solutions and capabilities?

BFSI industry news

BFSI resources: consultant/ analyst updates

Pareekh Jain

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