Research reveals there is no single, integrated solution available in the market that meets the needs of the advisors. It clearly indicates that advisors have to customize or buy a solution based on the needs of their customers. New age customers are looking for an ideal advisor portal for their all-round financial needs. Ideal advisor portals enable advisors to become truly mobile, enhancing their sales effectiveness, and overall ability to service customers.

Coforge Advisory SME’s John Speight and Joseph Mendel respond to common questions on LIBOR. FCA announced in 2015 that it would only support LIBOR until 2021. The cost of administration for panel banks along with the regulatory and reputational risk associated with any issues means that banks are unlikely to continue providing the requisite rates post 2021 once compulsion retracted.

The digital disruption we are witnessing today has changed the business landscape for industries across the board. According to Forrester Research, mobile banking is the biggest industry innovation in a century. This rapid growth is not limited to just mobile banking. It spans all forms of virtual banking and has gone beyond the traditional modes of personal and phone interaction. Banks are building a digital ecosystem to serve customers better.

Risk management has taken a center stage in the world of finance. The volatility and growing complexity in the financial services industry has made it necessary for regulatory bodies to impose compliance regulation on capital, liquidity, and operations. This paper focuses on how technology interventions can be used to manage the risks better.

While customer demands and frontend, customer-facing interfaces are evolving at breakneck speeds, the back office in banking still lags woefully behind. There is heavy dependence on paper processes, manual effort, or at best, legacy-era spreadsheets. Back-office automation could help banks eliminate these inefficiencies and discover new opportunities in core functions, such as account opening, credit processing, and fraud prevention.

View from Coforge, Financial Services Advisory Team Joseph Mendel and Babita Wadhwa. The impact of COVID-19 on the financial services business is seismic. While other industries such as the Travel, Transportation, Hospitality, Insurance, Retail, and Telco are severely impacted it is the resiliency and continuity of the financial services markets that will support Governments and businesses during and post crisis; ensuring liquidity is available.

Looking for a vendor to help power your enterprise with relevant data for decisioning and consistent regulatory reporting? Coforge can help you by orchestrating efficiency across your varied and voluminous data streams. Our global expertise and deep experience in handling enterprise data allows us to transform dispersed, siloed data into a smooth flow of singular, enterprise-wide information.

The margin for error is narrower than ever in the capital markets, especially in post-trade processing. Even as data volumes grow and regulations becomes more stringent, capital markets firms must make their reconciliation process swift, accurate, and effective. But achieving this is difficult with lean teams and rigid systems. That is where Coforge can help as an end-to-end reconciliation solution provider.

Applications provide a foundation for an organizations' key offerings. It is therefore necessary that these different applications are thoroughly tested and verified before deployment. Coforges' best-in-class comprehensive, domain-led testing services help global banks and financial institutions reduce software development and maintenance costs, enhance application quality, reduce overall testing cycle time, and mitigate technical and business risks.