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Banking/ Solution
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CHALLENGE
Financial institutions are looking to strategize their testing and quality engineering to become more agile and accelerate time to market. Real-time front-to-back business processes with traceable transactions need to have adequate risk controls while ensuring quality. Increasing digitization of access control policies, security gaps, and suboptimal IT systems can lead to bad customer experiences. Enterprises need to ensure the protection of personally identifiable information and honor the consumer privacy preferences defined by regulations.
TCS SOLUTION
TCS BFSI’s Foundation for Agility and Resilience helps enterprises maintain customer data privacy with design thinking-led transformation and enhanced customer consent management. The advisory service provides a privacy impact assessment via privacy management and sensitive data protection capabilities to ensure regulatory compliance and leverages garage as a service to accelerate the ideation to MVP lifecycle. It offers:
TCS BFSI’s Foundation for Agility and Resilience helps enterprises maintain customer data privacy with design thinking.
BENEFITS
The solution provides the following benefits to enterprises:
Integrated Risk Appetite and Financial Crime Risk Controls Assessment
Fast-tracking mortgage originations through an ecosystem model
Climate data collection framework for effective risk management
GenAI for disruptive transformation in banking