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Banking Industry Solutions In recent times, enterprises around the world have been subject to rapid changes in their business environments. Globalization, acquisitions, heightened competition, dynamic technology changes, and rising customer expectations have had a direct impact on the operations of the banking and financial services industry. In addition, regulatory compliances such as Basel II, the Sarbanes-Oxley Act, Gramm-Leach-Bliley Act, and USA PATRIOT Act have made it mandatory for financial organizations to modernize their systems, conform to the prescribed standards, and follow ethical business practices while governing their businesses. An IDC study reveals that ensuring data quality is an area of primary concern for organizations implementing enterprise-wide applications within their businesses. IDC further cautions that banks need to ensure that the data employed by them in the computation of risk measures is absolutely clean. In a related study, Gartner observes that nearly 80 per cent of CRM projects fail owing to an absence of clean data. Tata Infotech has been actively involved in providing solutions to the banking sector for more than two decades. Tata Infotech brings a wealth of experience in key areas of banking systems. Many leading banks, financial institutions and insurance companies have benefited from the solutions provided by us. Examples of such solutions include improved application support and enhancement, efficient monitoring using data warehousing, reduced time for claims processing, and streamlined operations for credit cards processing. Areas of expertise
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