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Since the onset of the COVID-19 pandemic, the BFSI industry has adapted to a new reality. Numerous temporary measures put in place are now expected to become permanent. This is creating a new industry structure, and many market players are emerging stronger. But before scaling new heights, they need to consider some of the key challenges that persist in the industry. Regulatory compliance, more stringent capital requirements, changing business models, disruptive technologies, customer retention, a low interest rate environment, and security breaches continue to challenge the growth of the BFSI sector. Financial institutions will need to formulate sophisticated strategies and solutions to navigate these challenges and gain a competitive edge.
We collaborate with organizations across the full spectrum of financial services, including banking, payments, insurance, wealth and asset management, and capital markets. We follow a collaborative approach that is designed to help our clients mitigate risks, lower costs, innovate, increase customer retention, transform data and analytics into a competitive weapon, and achieve successful digital transformations. We have unparalleled expertise across every strategic and operational area that financial services organizations are currently focused on, complemented by a wide array of specialized capabilities. Our consultants will ensure that your entire business is aligned on a tailored, powerful strategy allowing you to achieve your goals today and in the long term.
IMARC’s solution offerings for banking, financial services and insurance enterprises include:
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