More than 50% of the employees are still working remotely and on a semi-permanent basis even after one year of Covid-19. This will require banks and financial institutions to look for online applications that can be accessed from anywhere.
These online applications not only provide the capability for an employee to work remotely but also provide them secure access to all the records and facilitate collaboration tools.
Challenges faced by Banking Industries in this “new normal”:
Especially for banking industries, security is the foremost concern in dealing with sensitive data while working remotely. Banks need to spend an awful amount of time and effort to build their security monitoring capabilitiy on top of spending on digital tools. Also, it is not easy for banks to build all the necessary tools on their own as building and expanding core business is more critical and need substantial energy and focus.
Building the digital tools with high-security standards will be the heavy-lift even for major banks that have their well-equipped internal IT teams.
Unable to build Future Banking solutions – It is very hard for the technology teams to visualise the current and future scenario of the outside world. IT teams can build the customised software based on the current operational needs of the bank; however, it generally fails in predominate of the cases to address the future operational needs that restrict the bank to look for a real consumer-centric digital transform for better ROI.
Did you ever think of cost-effective, secure solution that helps you to handle the new-normal?
To address the above key challenges, Macro Global provides future-proofing platforms across the entire business pipeline with great ROI and endless business benefits. Our solutions release the customers from complex people and systems management to growing the business.
Our FinTech products are intuitive and cost-effective as most of the functions are well thought out adopting customer battlefield challenges and run on straight-through processing engines.
Being a Microsoft Cloud Partner, Macro Global launched its RegTech & FinTech products in secure Microsoft Azure Cloud Platform so that the customers can choose and /or upgrade to “Cloud Only” or “On-premises with Cloud adoption” to address BCP and Cost constraints.
Our Cloud Technology enables a “Fully supercharged, highly secure Cloud Platform” so that the application can be accessed from “Anywhere, Anytime on Any device”.
As a SaaS model, the Cloud option enables our customers to pay just one set of fees for the entire solution including Hardware, Operating System, Development Framework & Product and top of all everything managed by us. Customers can have complete peace of mind with the confidence that all take care of by us.
Hope you are doing well and looking forward to festive breaks. We are equally thrilled and excited on a different context with the launch of “Elixir” – DAC6 Reporting Tool”.
Macro Global (MG) the UK based IT products and services company have been offering more advanced and evolving FinTech and RegTech solutions to over 25 plus Banks in the UK and expanding across Europe & MENA markets.
We would like to share the case study report of how our Data Governance Model Framework of FSCS SCV solution helped one of our clients who had data in silos and unable to generate fully compliance SCV files with their legacy reporting systems.
HMRC-CRS Reporting Deadline is Fast Approaching. Is Your Data Fully Compliant?
Common Reporting Standard (CRS) – A global initiative for a financially transparent world with no Tax havens.
Every financial institution scrambling to get over the line of HMRC CRS deadline every year around April and May, Are you pro-active with your planning? Are you ready to submit your CRS with confidence and manage queries back to back with HMRC? We discuss and try to answer the above questions in this blog to give you peace of mind.
CRS Stride Data Management – The Game Changer in Regulatory Reporting
In our last article, we discussed about “Best-Fit” and a follow on we wanted to discuss on Data Management. Despite the substantial investment made by banks in data management, the requirement for a platform to carry out manual workarounds to the CRS Input data for impairing the risks of inaccurate reporting continue to persist.
A Good “Best-Fit” CRS Solution- Outsource, Build or Buy?
We have been working with Banks and FIs for many years and this question constantly been asked to our consultants and sales team. It’s a million-dollar question and a key strategical decision for your successful integration of your Reg Reporting. A wrong step can be costlier and irreparable.
FSCS SCV report submission made easy in 3 steps
Our SCV Alliance – FSCS SCV Audit Platform is a regulatory reporting solution designed and suitable for the financial institution to control, automate and flexible to meet ever-increasing regulatory requirements.
Stay FSCS compliant always with our SCV Alliance – FSCS SCV Audit Platform
At Macro Global, we firmly believe that it’s simply a case of having the capability to build a consistent actionable dataset that is accurate. We help the firm to transform and unlock the data from a legacy application.