Financial IT services that accelerate business performance

Financial IT services span all services targeting the IT infrastructure of financial service businesses, which may be provided by an external partner: 

• System maintenance and support 
• Legacy system modernization 
• New application integration 
• System updates and improvements 
• Issue resolution 
• IT project and strategy consulting

The supported infrastructure in banking and capital markets can include core banking applications, treasury and real-time liquidity management platforms, regulatory automation systems and more. 

While similar to IT services for other industries, financial IT services come with particular challenges. The banking and capital markets industry is heavily regulated, so compliance must sit at the core. Financial service businesses must also follow an enhanced data security strategy. 

The right financial IT services partner should meet the following criteria: 

• Understanding the industry's specific challenges such as compliance in various jurisdictions, data security peculiarities, legacy system issues and so on 
• Having an established presence in the industry and a proven track record of providing financial IT services to businesses like yours 
• Being fluent in the best cybersecurity practices, such as identity and access management, intrusion detection and response, and KYC and AML protocols 
• Having a wide partner network that includes leading tech vendors in the finance industry 
• Working with an engagement model that meets your needs (e.g. staff augmentation, managed services) 
• Being ready for a years-long commitment when discussing your needs 

In the financial services industry, IT challenges are plentiful. Here are just some of them: 

• Minimizing the risk of data breaches 
• Keeping up with regulations in multiple jurisdictions as they evolve 
• Staying ahead of the emerging fintech competition and retaining customers 
• Maintaining outdated, rigid and hard-to-scale legacy systems 
• Consolidating mountains of data from various channels and turning that into valuable insights 
• Keeping systems flexible and scalable and meeting customers’ expectations about their performance 
• Introducing innovative features and financial products 
• Reducing time to market for new features 
• Optimizing IT spending for cost efficiency

Overcoming these challenges requires solid technical expertise and profound domain knowledge. If one or several resonated with you, DXC is your trusted financial IT services partner. Contact us to discuss how we can help you overcome your challenges.

Financial IT services can help businesses gain or retain market leadership by: 

• Streamlining and automating internal processes, thus enhancing their operational efficiency 
• Improving system performance, scalability and reliability, in order to deliver better customer experiences 
• Reducing time to market for new digital products and features, thereby facilitating innovation 
• Mitigating the risk of data breaches, to avoid reputational losses associated with cybersecurity failings 
• Modernizing legacy systems, enabling a reduction in IT spending dedicated to their maintenance and mitigating associated cybersecurity and scalability risks 
• Standardizing processes and streamlining regulatory reporting, boosting compliance