The Basel 3 Era: Banking on IT to Power Growth

These days, banks are presented with a unique set of challenges, all related to IT systems and business process optimization. The burden of regulation, expansion, cost optimization, and business transformation—all at the same time—can be overwhelming. Banks are also under pressure to grow, which means expanding outside home territories, necessitating upgrades of aging IT and other legacy systems. Regulations enacted recently in the wake of ongoing oversight of global financial systems, such as Basel III, impose higher capital requirements that translates into less money for expenses and the need to adopt improved governance and risk management activities. The solution is to optimize capital expenditure by exploiting the most sophisticated and effective technology and strategies. Read more in this thought paper from Wipro and UBM TechWeb.

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