As the boutique digital FinTech quickly evolved into a full-fledged bank, it grappled with complex and costly back-office activities as well as gaps in risk management and compliance
WNS leveraged FINSIBLE, a modular banking solution suite, to help the FinTech drive speed, scale and intelligent automation into its key services, including anti-money laundering, sanctions screening and exception handling
This enabled the client to maintain its focus on disruptive innovation while managing growing back-office operations
FinTechs have been at the forefront of the digital revolution in the Banking and Financial Services (BFS) industry. They have disrupted the entire value chain, from lending and payments to wealth management and venture capital. However, as they now evolve into full-stack digital financial services providers, FinTechs are saddled with the task of managing growing back-office operations.
In the absence of the right in-house capabilities, FinTechs expend more time and money than they should on navigating challenges in operations, and risk management and compliance. More importantly, this is proving to be a hindrance to what they do best – disruptive innovation.
With WNS FINSIBLE, FinTechs can efficiently manage, streamline and scale operations while continuing to focus on innovation. Powered by a combination of domain, analytics, robotic process automation, artificial intelligence and machine learning, FINSIBLE helps businesses address their core objectives of operational control and governance, cost saving, customer experience and compliance.
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Banking and Financial Services
02 May 2022
23 May 2022