Leading the way in innovation for over 55 years, we build greater futures for businesses across multiple industries and 55 countries.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.
Get access to a catalog of the latest news stories from across TCS. Discover our press releases, reports, and company announcements.
Banking / WHITE PAPER
Chandra Shekaran
Senior Consultant, Cards and Payments Industry Advisory Group, Banking, Financial Services and Insurance, TCS
Rakesh Lakhani
Lead, Payment Transformation Industry Advisory Group, Banking, Financial Services and Insurance, TCS
You have these already downloaded
We have sent you a copy of the report to your email again.
The ongoing pandemic is driving customer demand for digital banking services such as real-time payments and contactless payments. As banks expand digital self-service capabilities in the payments space, customer experience is emerging as a strategic differentiator as well as a cornerstone of enduring relationships. However, existing systems and processes are inadequate to support the rising demand for digital services and deliver exceptional payment experience. The way forward for banks is to define a digital-first payments strategy and swiftly implement payments modernization programs to seamlessly deliver digital banking services.
The need for rapid payments modernization and digital transformation has exposed gaps in the existing offerings. To address this, banks must expand access to digital banking touchpoints with special focus on some key areas:
Commercial banking
Business and personal finance management
Financial inclusion
Digital currencies
Financial crime management
The critical role of the Chief Risk Officer in Mergers and Acquisitions
Greenwashing in Financial Services: Why it Matters and What to do
Change and Resilience – Learning from Failures
Making banking services more accessible