Financial Service

Financial Service:

The Financial Services industry has undergone a major overhaul, which continues to unfold. Demands for greater transparency from customers and regulators alike include performance reporting, risk management, compliance and investment management.

On-going pressures to optimize business performance have prompted many finance executives to look for new approaches, including outsourcing of the finance & accounting organization. Vista e-Solutions Services is perfectly suited to help your company transform into a high-performance organization that streamlines processes, maintains compliance and cuts costs, all while letting you focus on your core competencies and grow your business.

The financial regulatory reforms have their own benefits and challenges. While on one hand they will lead to adoption of improved governance and risk management practices at these banks, on the other hand they will also impact the profitability of these firms due to significant increase in regulatory costs.

The paradigm shift in business models is also having a dramatic impact on financial services operations. Consolidation, standardization and automation have for long been the enablers for efficiency gain and productivity improvements. Coupled with offshoring, outsourcing and creation of utilities across business areas, they will form the right vehicle for an operating model supporting efficiency, effectiveness and cost optimization. These trends reveal that the banking industry is fast moving towards a global business support model.

Shared Services Models are becoming lot more relevant, with plug-and-play components, taking place of standalone applications. Technologically, more and more applications are being placed on the Cloud, which is proving to be one of the prudent ways of handling operational and cost challenges.