Financial Industry

Modernizing Financial Services

Technology moving financial services forward

The financial services sector appears to be adapting to a changed reality. What were once temporary measures are now likely to become permanent, and a new industry framework is emerging to improve customer experience, increase operational efficiency, and reduce costs.

  • Embrace Full-Scale Digitalization:¬†Adopt a comprehensive approach to digitization to revamp operations and drive innovation, using exponential technologies like automation,¬†hybrid cloud, and AI to stay ahead in the digital race
  • Customer-Focused Business Models:¬†Create new platform business models centered around customers to seamlessly integrate and address the needs of different ecosystem participants
  • Stay Ahead of Security and Fraud:¬†Stay ahead in the evolving landscape of cybersecurity to counter increasingly sophisticated malicious actors
  • Sustainable Strategies:¬†Develop sustainable strategies to meet market expectations, regulatory requirements, and ethical objectives while maintaining an acceptable cost-benefit balance
  • Maximizing Data and AI:¬†Implement AI factories and optimized data environments to harness data and accelerate transformation

Locuz enabling Financial Services in their Digital Journey

Cloud Transforming Financial Services

Financial Service institutions need a secure, resilient global cloud infrastructure and cloud managed services to differentiate themselves today and adapt to the needs of tomorrow. We at Locuz help financial institutions modernize their infrastructure, meet rapidly changing customer behavior and expectations, along with driving business growth. We can help you

  • Achieve Scalability:¬†The ability to quickly and easily scale up or down to meet changing demands, reducing downtime, and improving efficiency
  • Improve Security:¬†The implementation of security measures designed for the cloud, improving the protection of sensitive data, and reducing the risk of cyber-attacks
  • Increase Agility:¬†The ability to deploy new services and applications quickly and easily, improving responsiveness to changing market conditions and customer needs
  • Maximize Data management:¬†The ability to store, manage and analyze large amounts of data, providing valuable insights and enabling data-driven decision making
We partnered with India’s top Financial Services & Solutions Company to help them build a highly scalable, secure, & optimized Infra on AWS, which required us to do a seamless migration of their applications from a hosted collocated platform to AWS. We also enabled application monitoring while adjusting capacity to maintain steady, predictable performance at the lowest possible TCO. We also achieved 25% reduction in TCO compared to On-Prem for them

Making Financial Services Cyber Resilient

  • Protect Sensitive Data:¬†Protect confidential client information and financial transactions from unauthorized access, theft, and fraud
  • Compliance:¬†Financial services organizations are subject to various regulations, such as the Payment Card Industry Data Security Standard (PCI DSS) and the General Data Protection Regulation (GDPR), that require robust cybersecurity measures to be in place
  • Minimize Risk:¬†Cybersecurity measures reduce the risk of financial losses resulting from hacking, malware, and other security threats
  • Stay ahead of Evolving Threats:¬†As technology evolves, so do the tactics used by cyber criminals. Financial services institutions must continuously assess and improve their cybersecurity posture to stay ahead of new threats
For a global financial services group company, we helped them by Securing, Managing and Optimizing their Digital Estate providing them with 24/7 ITOps, CloudOps & SecOps Services. Our partnership led them to achieve an enhanced security posture, reduced MTTR by >45% and MTTD by >50%, and made them 100% compliant

Financial Services driving seamless customer experience using Data Analytics

  • Improve Decision Making:¬†Data analytics can provide financial services institutions with valuable insights, enabling them to make more informed decisions about investments, customer behavior, and risk management
  • Increase Efficiency:¬†Data analytics to streamline their operations, reducing manual processes, increasing accuracy, and improving overall efficiency
  • Enhance Customer Experience:¬†Data analytics to better understand customer behavior and preferences, enabling financial services organizations to offer personalized services, improve customer satisfaction, and retain customers
  • Fraud Detection and Prevention:¬†Data analytics to identify and prevent fraudulent activities, reducing financial losses and reputational damage
  • Regulatory Compliance:¬†Data analytics to comply with regulatory requirements by providing visibility into transactions and other financial data
For one of the largest NBFCs in India, we partnered with them to implement Snowflake Data Cloud. The platform is integrated with Microsoft Power BI for real-time reporting and visualization

Streamlining Financial Services with Integrated Ops (iOps)

Locuz can help you with

  • Improved Efficiency:¬†By integrating various operational functions and systems, financial institutions can streamline processes and automate manual tasks, reducing the risk of errors and operational disruptions. This can result in lower costs and increased operational efficiency
  • Better Risk Management:¬†iOps enables financial institutions to manage risks more effectively by providing a unified view of data and automating risk management processes. This can help organizations to identify and mitigate risks more quickly and effectively
  • Enhanced Compliance:¬†Financial institutions are subject to a range of regulations, and iOps can help organizations to manage compliance more effectively. By integrating compliance processes and systems, financial institutions can ensure that they are meeting regulatory requirements in a timely and accurate manner
  • Increased Agility:¬†iOps can help financial institutions to quickly respond to changes in the market and regulatory environment by enabling organizations to quickly modify processes and systems as needed. This can help organizations to remain competitive and responsive to changing market conditions
A Fintech Startup Company offering Digital Financial Services was facing key challenges like Regulatory Audits & Compliance, Cyber Security, Operational Efficiency and Cloud Adoption.We provided them with Integrated Managed Services including CloudOps, TechOps and SecOps. A 24/7 RIM /SOC services (Monitoring Team) and a Service Desk protecting their company against any Cyber Security Threats