BankSys Consulting Group

Serving the global financial community

Best Practices

Implementing best practices in Financial Services

Beyond Six Sigma

 

Best Practices in Financial Services covers a wide area of activities.

  • Banks’ core systems strategies and their drivers
  • Architecture standardization – the rise of the integration layer
  • Re-engineering core systems for greater componentization
  • Service-Oriented Architecture – the next big leap towards process
    excellence
  • Event Driven Architecture – a step ahead of Service-Oriented
    Architecture

Winning strategies focus on business goals, not technology and there are key tactics to maximize a go-to-market strategy.


A customer-centric focus is the standard all are measured by - yet many global financial institutions retain an account/activity focus. Best practices will include

  • Multi-channel distribution in retail banking
  • Importance of channel strategy
  • Need for a multi-channel strategy
  • Delivering multi-channel distribution
  • Relationship Management - Channel orchestration for a seamless customer experience
  • Decomposition of channel silos
  • Channel architecture

The problem of the past, present and future is still - Standards - Encourage standardization.

 

Specialized SWAT Teams for unique requirements

Top guns for tough jobs

BankSys Consulting Group has developed a ‘SWAT Team’ approach to addressing unique applications systems implementation questions. For example we have teams of experts who can address the unique characteristics of Globus/T24 implementations and provide assistance in resolving issues related to end-of-day processing, general ledger interfaces, customer relationship management and relationship pricing. Additional teams are prepared to work with clients in other application areas.

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Proof of Concept

Save time, Save money???and get Better Results

The traditional method of system selection based on a detailed RFP process is flawed. It takes too long and the results are often suboptimal.

BankSys has introduced a new ?User Driven? methodology based on ?Proof of Concept?, which dramatically reduces the evaluation cycle, saves money and has demonstrated a much improved alignment between user requirements and system functionality.

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Relationship Management

Enabling earnings growth through customer centricity

Is it enough to just have a single customer view? Banking customers expect more...

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Risk Management

Nuts & Bolts

Risk management involves more than simply complying with the Basel II accord. Find out how BankSys can help you assess the many facets of risk in your organization..

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Six Sigma

in financial services

Six Sigma methodologies are based on hard science and have a long history in management going back to W. Edward Deming

- how does this fit into change?