This is a highly competitive industry with significant emphasis on customer relationship management and innovative offerings. Though this industry has performed well during the hardest of economic crises, the current recession has made a difference with many institutions in this vertical facing severe hardships with some of them collapsing.
Typical challenges in this sector include winning and retaining customers via relationship management, product and service innovation in order to bring about differentiation from the competition, striking a balance between margin percentages and business volumes, and most importantly risk management which is always closely associated with the granting of credit. Regulatory compliance is another important aspect.
IIC India’s team of industry experts who are equipped with in-depth business domain knowledge work closely with our clients in this industry to understand their requirements and then liaise with our technology and delivery teams in building and implementing cutting-edge solutions for such clients, enabling them to remain a step ahead of the competition while ensuring satisfaction of all their stakeholders.
- Customised application development services
- Testing services