Accelerating open banking adoption

Web Accessibility Testing Services

A leading UK bank wanted to optimize its digital channels to cater to clients and prospects in small business segments. It sought to create consistent user experience across four standard browsers while ensuring compliance with DDA regulations.

The new normal – accelerating innovation in a digital world

In this virtual panel discussion, we understand how industry stalwarts look at innovation, how they incubate innovation.

Outsmart trade based money laundering attempts with contextual data

Watch this roundtable discussion, on demand, as Virtusa and Quantexa along with other Middle East banking experts discuss how to ‚"Outsmart trade based money laundering attempts with contextual data".

A major bank cuts down the operational costs of sanction screening by half with an FTE reduction of over 40% by leveraging intelligent automation

A leading global bank was in the need of a scalable, secured, and proactive strategy to address the rising number of false positives in screening payments and also reduce operational expenses. Virtusa automated the sanction screening workflow using artificial intelligence and helped the bank gain over 98% accuracy in sanction screening.

A leading North American commercial lender ramps up loan processing time by over 30% with AI and cloud

A leading North American commercial lender needed an automated and integrated solution to accelerate the loan management process and improve experience for borrowers. Virtusa implemented a holistic AI solution to help the client seamlessly migrate its lending operations to cloud and increase the loan processing rate by 30%.

A leading bank cuts call center expenditure by over $600mn with intelligent automation

A leading bank wanted a cost-effective strategy to augment customer service, reduce operational expense of maintaining the contact centre, and enable customized services to customers. Virtusa implemented intelligent automation to transform the contact center resulting over $600mn savings.

Social distancing: A catalyst for digitalization of SME debt management process

To reinvent banking for SMEs, banks should focus on three key areas – Digitalization of customer experience, Automation of business processes and Investment in risk modeling.

Reimagine commercial lending with AI, digital, and cloud

Learn how a holistic automation strategy can enhance your bank's loan operations efficiency and create an intuitive customer experience.

Apply AI to automate your sanction screening

In this on-demand webinar our AI experts share how they helped some of the largest financial institutions automate their sanction screening with AI.

Applying automation to operationalize debt collections in crisis scenarios

Facing a tough collections landscape, financial institutions can use this crisis as an opportunity to accelerate use of AI and analytics tools to tackle their conundrum

Credit decisioning – helping banks build a robust lending portfolio while reducing cost and improving profitability

Technology advancements, modeling, and data mining techniques can self-empower banks with newer ways of engaging with their customers to meet their decisioning objectives.

The cost of innovation in the new normal

As the world adjusts to the 'new normal', enterprises are faced with the increasing challenge of mitigating cost on the drive to innovate. Virtusa's Digital Transformation Studio (DTS) was designed to equip enterprises with world-class engineering tools, industry assets, and certified teams to dramatically lower costs and increase the delivery speed of digital transformation.

Leading Australian Bank Partners with Virtusa to Implement Pega CDH and Reduce Time-to-market by 50%

Virtusa delivered a first-of-its-kind credit scoring model built on Pega Customer Decision Hub (CDH) for a leading Australian Bank.

Innovation podcast: Design’s role in innovation programs

In this episode of Sparking Innovation, we talk with design luminary Clive Grinyer about the role that design plays within tech-enabled innovation programs.

Innovation podcast: A designer’s route to the boardroom

In this episode of Sparking Innovation, we talk with the Aon's CDO Lyle Sandler about his career path and success tactics for CDOs.

Management lesson: Banking in the time of crisis and beyond

The Banking Industry, often referred to as the backbone of the economy, is currently undergoing an industry-redefining transformation.

A bespoke sustainable investment platform for enhanced analytics and decisioning

Virtusa creates a Sustainable Investment Platform for a large European Bank, empowering asset managers with the right data and tools to drive customers’ sustainability agenda

Four principles for designing Personal Financial Coaches (PFCs)

As banks are pivoting toward strategies that are more focused on user need, features that help customers on their journey towards a better financial life are developing from optional to must-have.

Investing for a sustainable future

With the push for sustainability so strong from both consumers of products and services, as well as governing bodies globally, a majority of companies are actively transforming to become sustainable.

5 reasons why banks must choose personal financial management

For a bank, enabling a retail customer to aggregate, categorize, and visualize all accounts at a personal level through a single interface ‚ Personal Finance Management (PFM) - is not only technologically possible and desirable but is also becoming table stakes in an increasingly competitive market.

Report

Personal financial coaches – consumer banks’ plan A

The playbook covers, among other topics, a market overview looking at the low financial literacy of global consumers, how Open Banking has created opportunities for improved spending analysis across people's accounts, different types of PFCs and a thorough overview of international PFC and PFM players in the market and the different types of personal financial coaching and managing products.

White paper

Delivering outstanding customer experience during crisis

At Virtusa, we have created a white paper where we explain how banks can use technology to automate common customer requests, taking pressure off the front-line staff, while simultaneously creating a virtual contact center which home-working staff can use to deliver world-class customer service. All in just under 30 days.

Virtusa helps a leading Singapore bank reduce 60% turnaround time for their loan disbursement process

Virtusa implemented a unique and integrated workflow automation system to manage and track the loan disbursement process for a leading Singapore-based multinational bank.

Virtusa's end to end loan management solution helps digitize the loan management process resulting in increased efficiency and better regulatory compliance.

Virtusa Helps Large Private Bank in Asia Reduce Costs and Loan Disbursal Turnaround Times with Pega

Virtusa helps a large Australian bank save $1.2M by moving its legacy monolith platform to AWS public cloud

High maintenance cost and over-dependence on legacy applications brought down the overall operational efficiency, and the client sought to partner with Pega's oldest partner Virtusa, to address their transformation goals and decrease their time to market by 50%.

Who do you trust to provide you with the best advice about managing your finances? The traditional banks clearly feel that they own this space, but the rise of Open Banking and the increasing sophistication of AI has open the door to new entrants.

Innovation podcast: Personal financial coaches, the new battle ground for retail banking customers

The growing momentum towards open banking models has compelled banks globally to undergo business transformation and expand their service provision to offer broader choices to their consumers, and business customers. The advent of APIs has paved the way for new banking relationships, a new framework and ecosystem, and new products.

On-Demand webinar - transforming banking channels for a digital world

Report

An analysis of retail deposit growth in European banks

Download Virtusa's report that analyzes the European retail banking market to identify how trends are affecting the performance of the large banks in the deposits growth area.

In this episode we speak with Richard Ransom, Payments lead for Virtusa and banking industry veteran, about the impact of the Open Banking movement and how its reshaping the banking industry.

Innovation podcast: Identifying opportunities beyond compliance and outside of retail banking