In the constrained regulatory and low interest rate climate, it is imperative for banks to manage risk and profitability
The Banking and Financial Services industry is primarily going through a tightened regulatory environment after the Great Recession. The challenging macroeconomic and microeconomic conditions together drives the need for process efficiency to improve profitability while complying with the ever increasing regulations like Basel III, Fed Stress Tests and Dodd-Frank.
The criticality of the data and the processes that leverage the data is key to managing the competing objectives of profitability, growth and compliance.
PiTech worked with a regional bank to integrate information from their operational systems to develop a score card as a tool for bankers to manage their relationships, profitability and risk. Our unique blend of expertise in the banking industry, database & business intelligence technologies ensured that the initiative was implemented with low risk and reduced time to value.
PiTech worked with one of the top five banks in the US to create financial accounting control system that provides business control and ledger reconciliation processes for their investment banking division. We developed the blueprint for the data architecture, data integration and reporting to accomplish the objective.