Regulatory reform, more stringent capital requirements, risk management considerations, disruptive technologies, a low interest rate environment, and enhanced reporting requirements were all challenges to growth in the financial services sector, even before COVID-19 entered the picture. Sophisticated strategies and solutions will be required for financial institutions to navigate the post-pandemic scenario and gain a competitive edge.
PwC is deeply embedded within the financial services ecosystem and caters to the diverse needs of all major industry players. We bring deep industry insights, strong strategy and technology services capabilities to ensure business value realisation.
These offerings, coupled with Infosys Finacle's well established digital banking solution suite, will enable our clients to set up a strong core ecosystem that drives business agility, scalability, and resiliency.
PwC brings a bouquet of skills such as strategy, industry, technology, and transformation management. These skills coupled with a well-adopted platform Finacle from EdgeVerve – Infosys, will help deliver a seamless experience to our clients in their core modernisation journey and ensure business value realisation.
About the PwC & Infosys Finacle Alliance:
The Finacle & PwC alliance leverages Finacle's Core Banking solution, complemented by PwC's consulting and implementation services, to offer banks a modern platform for digital transformation.
PwC’s Services
CBS upgrade office
- Creating end-to-end project plans for CBS migration
- Identifying interdependency across multiple initiatives and monitoring
- Establishing governance structures and establishing communication channels
- Monitoring and reporting risks, issues
- Co-ordination/oversee testing and migration activities
- Change management
Discovery
- Discussion with client teams to understand specific business requirements
- Identify pain points and improvement areas
- Business requirement gathering exercise
- Facilitate discussions with client and vendors for solution discussion to ensure completeness across all the modules
Design
- Architecture support - Facilitate implementation and integration architecture discussions
- Co-ordination with infrastructure and finacle team for finalisation of deployment architecture
- Support to finalise security audit requirements
- Develop migration strategy along with client team and Finacle
- Develop test strategy along with testing vendor
Rollout
- Create end-to-end implementation cutover plans
- Develop run chart for migration along with Finacle
- Facilitate mock run
- Execution of cut-over plan: Co-ordination with all vendors/application owners
