Banking Finance Insurance
Changes to regulations following the financial crisis and sector digitisation have shaken things up in the field, with the emergence of FinTechs as just one example. Major players in banking, finance and insurance must adapt to changing behaviours and expectations from clients around mobility and immediacy, while ensuring excellent levels of security.
Major transformation plans have been launched, including significant changes to business processes (agility, DevOps) and staff training leading to a new kind of relationship with clients where the latter are the focus. New information systems are key to the success of these projects: they boost competitiveness and performance, optimise operational costs, reduce internal and external risk, simplify communications, facilitate access to personalised services and conform to regulations.
With these changes, banks are being forced to rethink their governance and establish an innovative multichannel approach integrating data management into review processes.
Astek covers the three major sector areas:
- Banking and digital insurance
- Investment banking and asset management
- Health and mutual insurance
We are particularly active in data and business intelligence, digitisation and the cloud (mobile framework) and payment methods (Blockchain).
To develop in this key sector, we have gained specific expertise and offer knowledge about other fields (transportation and tourism, distribution) particularly relevant to the current changes in the sector:
- – Business expertise: Risk – Regulatory – Cybersecurity – Client relationship & collaborative tools – Business software package implementation
- – Methodological expertise: Agile methods – CD/TDD – DevOps
- – Functional expertise: Risk/Management – Payment methods (electronic money, SEPA, SCT, SDD, SWIFT & TARGET2 transfers) – Regulatory (Basel I-II-III, Solvency II-III/ALM) – Financial products – Traditional financial assets (shares/bonds/UCITS/negotiable debt securities) – Financial derivatives (futures, swaps; options contracts: options, warrants) – Financial software packages (Summit/Murex/Sophis/Calypso)