BFSI Digital Transformation.
Data-driven digital transformation solutions with industry expertise and experience tailored for your BFSI business.
Industry challenges
Given tighter regulations, changes in customer behaviors, and increased customer expectations, the banking and financial industries are struggling to stay competitive in the market.
In this age of the digital revolution, BFSI businesses are encountering roadblocks in transforming and upgrading their IT system to adapt to the constantly changing landscape.
BFSI businesses, with huge data resources and complex regulation-related operations, face more risks when it comes to changing pieces of operations. The concern about these threats prevents even big names from taking any big step toward the digital revolution.
End-to-end BFSI digital transformation solutions
DevCore provides effective BFSI digital transformation with the heightened compliance measures and security.
Risk & Compliance Management
Navigate compliance, cyber risks, fraud and financial crime detection by data analytics and AI-powered solutions.
Open Banking
Enable a world of cutting-edge apps, services and facilitate data flows tailored to your users' financial needs.
Core Banking
Scalable and cloud-based core banking technology optimized for growing lending, banks and microfinance businesses.
Operations
Reinforce your operations, deliver resources, and cut costs to improve the bottom line.
CX
Unlock the potential of untapped insights for personalized experience, automated customer care, and more.
Data Pipelines
Let us facilitate your business financial decisions with accurate reports, forecasts, and data management.
We offer customizable BFSI technology stacks
DevCore leverages all the latest BFSI industry-focused technology solutions tailored to your needs.
Our success stories
Contact us to request a quote
Let's lead the Core of Development Space.
Room 701, Geumgang Penterium IT Tower 171 Dangsan-ro, Yeongdeungpo-gu, Seoul
Frequently asked questions
Answers to commonly asked questions about BFSI digital transformation and the way we work.
What should BFSI businesses pay attention to in the process of BFSI digital transformation?
We understand the challenges that BFSI businesses face when deploying digital transformation:
- Struggle of legacy systems
- Security concerns
- Data quality maintenance
- Employee experience
- Choosing the right tools
- Communication with stakeholders.
That's why we offer you our expertise and solutions to help you overcome these challenges and achieve your digital transformation goals. We can help you modernize your legacy systems, enhance your cybersecurity, improve your data quality, empower your employees, select the right tools, and communicate effectively with your stakeholders.
How AI & Data can help BFSI sector create better business outcomes?
The potential for using data and AI in the BFSI industry is limitless. Some of the most common applications of AI in the BFSI sector include:
- Deliver personalized and better CX: Leverage troves of data with big data analytics solutions for BFSI
- Empower high-value innovation with increasingly niche marketplaces
- Make Data-driven decision making: more accurate and efficient
- Use connected insurance and other innovations to increase client loyalty
- Utilizing ML to automate risk analysis, underwriting, and claims processing
What are some uses and examples of big data analytics solutions for BFSI?
- Sales & revenue exact report and analysis
- Personalized banking and financial solutions for customer experience
- Lending, payments and transactions analysis
- Development of final products
- Financial planning and analysis (FP&A)
- Operations, IT & back office
- Credit risk & exposure analysis
- Market & portfolio analysis
- Predictive maintenance for ATMs and other equipment
- AI assistant & data-driven decision making
Can my business implement BFSI digital transformation by our internal IT Team?
BFSI digital transformation complexity requires huge resources and expertise to implement. Although BFSI businesses have their own IT team, executing the whole DX and data management without experience and consultation for a comprehensive BFSI digital transformation strategy is risky and ineffective. Hence, you should hire an expert to consult and support you along the way.
