Banking, finance and capital markets firms face market uncertainties, regulatory pressure and major shifts in consumer demand and behaviour, resulting in challenges from all angles. Operational efficiencies are more important than ever, especially in Retail Banking. A host of new regulatory requirements are straining operations across businesses. And fundamental changes in the financial sector due to digital innovations are increasing competition and challenging traditional business models.
This digital transformation has also led to a shift from the cultural side. Retail banks have had to provide new services and become more flexible to customer needs as new players, such as Fintech companies and challenger banks, change the banking landscape. All banks— whether traditional or challengers — need to serve their end-customers in an omni-channel environment where expectations are ever changing. If Retail banks are to remain competitive in this challenging environment, they need a new approach. They must combine performance data from the past with forward-looking, scenario-based information that can help them prepare for a volatile and disrupted future. This approach requires an end-to-end connected planning platform that allows real-time access to information from across the enterprise to drive timely and informed decisions.
Typical solutions for Banking & Finance
Strategic Workforce Planning
Plan for the workforce of the future in a context of significant digital disruption and role changes in retail and investment banking.
Performance Management in Banking
Meet transformation objectives driven by demanding regulations, digital disruption and increased competition.
Retail Bank Omni-channel Planning
Enable digital transformation of the retail branch network and enhance transparency into branch-level profitability.
Recognise Bank partners with Vuealta for deep financial services expertise
“Vuealta’s wealth of Anaplan implementation experience and deep financial services expertise gave us great confidence in their ability to not only deliver a successful project but to also enhance our own processes by leveraging their broad view of industry best practices.”Prasad Pitale, Head of Finance, Recognise Bank