Banks and financial services providers face a twofold challenge: on the one hand, they need to deliver better customer experiences and more productive processes; on the other, demands for transparency, operational resilience and digital sovereignty are increasing.
IT landscapes that have evolved over many years can limit the pace of a digital strategy. It is therefore crucial to ensure the targeted and continuous development of existing systems, taking into account business objectives, technological opportunities and regulatory requirements. In doing so, we utilise modern technologies whilst ensuring compliance with security and regulatory requirements.
We support banks and financial services providers in the structured development and targeted implementation of their digital strategy. Together, we align IT modernisation, the use of AI and structured data management in such a way that innovation, security and compliance go hand in hand.
BANKING & FINANCE
Overcoming challenges in the financial sector and making the most of opportunities
Whether it is new requirements in payment transactions brought about by PSD3/PSR, rising expectations regarding data transparency driven by FiDA, or security requirements under DORA: the financial sector is undergoing a digital transformation. How can innovation, security and scalability be reconciled? We help you tackle precisely these challenges effectively. We do so by focusing on business objectives, drawing on our in-depth understanding of the sector – for example, in retail banking – and adopting a clearly focused approach.
Making responsible use of the opportunities offered by Generative Artificial Intelligence (GenAI)
By intelligently integrating GenAI into business processes and the IT landscape, information can be analysed more quickly, decisions can be made on a more informed basis, and interactions with customers can be tailored more effectively.
Using, managing and ensuring regulatory compliance with data
The volume of data generated in the banking sector is growing rapidly. This opens up enormous potential for data-driven decision-making and AI-supported innovations, such as automated reporting.
A lack of accountability, complex platform structures and inadequate (data) governance processes mean that opportunities remain untapped. Regulatory requirements are becoming an ongoing operational task. At the same time, automated, AI-based decisions must be explainable, reports must be traceable, and data usage must be auditable.
Modernising legacy systems – with AI, structure and without disrupting operations
Many banks are stuck when it comes to IT modernisation. The technological infrastructure has evolved over many years and is characterised by numerous dependencies and specific features. Integrating new requirements is only possible at great expense, as the systems are closely interlinked and the necessary expertise is lacking.
Replacing entire systems is risky, expensive and time-consuming. A better approach is step-by-step modernisation aligned with clear business objectives such as time-to-market, IT stability and robustness, or transaction costs. Our approach combines technical expertise with AI analytics and is suitable for ongoing operations.
Digital resilience: security as the foundation for innovation
In the face of rising cyber risks and strict regulatory requirements such as DORA, operational resilience is becoming a strategic cornerstone. Banks must demonstrate that their IT systems are stable, secure and manageable – across departments, service providers and interfaces.
The challenges do not arise solely from technology: manual processes, confusing user interfaces and unclear workflows can also increase risks. Security, usability and compliance must therefore be considered together from the outset.
About iteratec
Companies in the financial sector rely on iteratec when it comes to the secure and future-proof development of their IT environments. With in-depth industry knowledge and technological excellence, we develop bespoke solutions: from modernising business-critical legacy systems to implementing regulatory-compliant platform strategies. Whether it’s IT architecture, the cloud, security or AI: we deliver end-to-end results that make a real impact.
With over 1,000 successful projects and a customer satisfaction rate of 97 per cent, iteratec is a leader in digital product innovation, software development and infrastructure solutions. We are the partner that makes the difference.
Your contact
Do you have a specific concern or questions for your company? We would like to work with you to find out how we can overcome your challenges.
Sascha Flick, Director Market Opportunities