As a operations team of a growing financial institution, you face multiple challenges in your role. By focusing on the top 3 and working effectively with your technology partner, you can achieve your goals.
TOP 3 CHALLENGES FOR TODAY’S operations team
Your operations team is the functional heart of the business, and you have numerous issues to deal with every day. Many of your peers are turning to technology to help them manage challenges and increase their capacity to deal with essential issues.
LET’S MEET YOUR CHALLENGES HEAD ON
The demands of your role mean you struggle to resolve issues on time.
Controlling costs, mitigating risk, finding ways to monetize data – the operations team has never been more stretched. But by solving these issues, you can help increase profitability, boost customer satisfaction and enhance your business’s performance.
TACKLING COST, RISK AND DATA
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With the right provider, you can find a partner that will help you meet your challenges both today and in the future.
SOLVE YOUR CHALLENGES WITH FOCUSED HELP
of businesses surveyed think their data integration capabilities are well-equipped for the future
For enterprise technology finance leaders, the top 3 investment priorities are:
of buy-side and sell-side firms are increasing their reliance on the cloud for risk or compliance
Operational costs are a major challenge for your team. You need to keep infrastructure costs under control – but you also need to support a growing business without adding more headcount.
At the same time, your organization needs to comply with changing regulations – but with the sheer volume of laws, standards and guidelines continuing to grow, the cost of keeping on top of regulation has never been higher.
Keep on top of costs
Control your overheads
Automate risk management
In an ideal world, your business would be prepared for all risks and threats. However, new threats such as cyberattacks are becoming more sophisticated. At the same time, you’re facing market risks in the form of new competitors, disruptors and innovators, as well as the risks brought by new regulation.
Are your risk mitigation tools effective against the risks your business faces today? And is your firm positioned to thrive – and attract and retain top talent – in today’s competitive market?
Consolidate your systems
Firms that have expanded through mergers and acquisitions are often left with fragmented data across multiple databases and legacy data systems that may not integrate effectively. What’s more, having numerous systems in play makes it difficult to maximize the value of your data using technologies such as artificial intelligence (AI).
Are you addressing your fragmented systems and harnessing opportunities to monetize data and getting the information you need to make informed business decisions?
You don’t need to do all the heavy lifting yourself. Ask FIS to carry out an operational assessment and we’ll help you pinpoint ways to keep costs down, mitigate risks and monetize data effectively – all while harnessing the latest technology. When faced with a range of challenges, seek help from the experts.
There's a way forward.
TIME FOR A SECOND OPINION?
Harness artificial intelligence
Data and analytics
YOU’RE WORRYING ABOUT:
of firms think their approach to automation, scale and efficiency is highly effective
Releasing capital for innovation
How can you improve efficiency in your function to reduce cost and have more cash for innovation?
There’s so much data, how do you make actionable insights from it?
Making smart decisions
How do you stay ahead of payment innovation, with growing markets and customer expectations changing?
Having flexible payment options
Rising regulatory costs
WHAT’S KEEPING YOU UP AT NIGHT?
Mitigating ongoing risk
Fragmented data and processes
New asset classes (e.g. crypto, NFTs)
Incorporating ESG data into the investment process
Ability to support new financial products
Cost pressure/Need to reduce OpEx
You're not alone
Technology finance leaders are facing similar challenges across the board. Their investment priorities to address these concerns:
Data and analytics
Blockchain and digital currencies
With the goals of: Driving business growth, reducing fraud risk and improving cash visibility
Operational costs need to be controlled – and the price of regulatory compliance is continuing to rise.
Risk can be costly if it’s not controlled. Are you managing all threats effectively?
Using multiple systems or fragmented data can make it hard to make informed business decisions and monetize your data.
Select your answer below...
Manage risks and
Source: 2021 FIS Readiness Report, June 2021