Master digital banking to succeed in financial services
Everything’s changing in financial services — including business models, regulations and competitors. Traditional financial services providers can’t afford complacency. To stay competitive, they must respond.
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One powerful way forward is to become a platform business. This involves rethinking the traditional value chain, as well as the organization’s place in it. Bankers should determine which services they can provide efficiently and which they should source from others. For most, this shift will mean adopting digital platforms that are integration-centric and can leverage analytics, artificial intelligence and automation. Banks will differentiate on their ability to put a more integrated information picture in place that enables the bank to extract, collaborate and operationalize insights.
When financial services providers take the best of what they have today, use a digital platform to team with others and amplify their combined strengths, they can secure a strong new position in a reconstituted ecosystem.
To help banks further, DXC has created an ecosystem of partners that co-innovate and jointly deliver solutions. They feature some of the industry’s top providers, including AxiomSL, MetricStream, NCR and SAP. Also, DXC and HCL Technologies operate a partnership, CeleritiFinTech, that offers a wide range of banking systems and services, including infrastructure as a service.
Watch how DXC helps global banks with digital transformation
Strategic acquisitions are another important element of DXC’s offerings for banking and capital markets. Our recent acquisitions include Fruition Partners, the leading provider of technology-enabled solutions for the service management sector and the largest ServiceNow-exclusive service management consulting firm. We also acquired Fixnetix, the leading provider of front-office managed trading solutions in capital markets.
DXC has created a next-generation services delivery model to provide intelligent automation at scale. Called DXC BionixTM, it leverages analytics, artificial intelligence and automation to provide greater insight, speed and efficiency. It’s underpinned by Platform DXC, our new digital-generation delivery platform. Platform DXC enables us to quickly build and deliver offerings and solutions that are partner-engineered, at scale and repeatable.
Now is the time to act. Don’t be disrupted — be the disruptor. Let us help you innovate and transform to differentiate with speed and quality. That’s DXC. That’s Digital Delivered.
Learn more at www.dxc.technology/banking
About the Authors
Contributors
Gianluca Bernacchia, analytics offering principal, DXC Technology
Bill Murray, senior researcher and advisor, Leading Edge Forum
Jerry Overton, data scientist and industrialized AI lead, DXC Technology, and DXC Fellow