PSB ALLIANCE PRIVATE LIMITED
PSB ALLIANCE PRIVATE LIMITED
In the banking sector, the consulting landscape plays an important part in navigating through the challenges and finding the drive the strategic initiatives. There are different phases involved in these services.
In this step, the business cases are defined and EOI/RFP formulation is decided. Other than this, eligibility evaluation, bill of material normalization, sizing adequacy, technical bid evaluation, commercial bid evaluation, and assistance in service level agreements are included.
In price discovery, there is a process of finding the fair value or pricing of financial products, services, or instruments within the banking sector. Usually, this process is important for different aspects of banking operations. PSB Alliance has empanelled various leading consultants such as PWC, GT, Protiviti India, Cap Gemini, Nangia Anderson, Deloitte, KPMG for offering numerous services.
This includes contracting renewals, scope document finalization, service level definition, price discovery and industry benchmarks, and assistance in price negotiation.
IT solution design in the banking sector is needed for modernizing banking operations. The technological solutions are designed to address the particular requirements and challenges of financial institutions. IT strategies, rationalization services, and network and security strategies define this step very well. There are numerous aspects included in this like application rationalization, hardware and infrastructure rationalization, IT strategy, Next-Gen SOC, network and security strategy, budget, and manpower assessment.
Digitalization has undoubtedly changed the banking sector while reshaping the financial services that have to be delivered, accessed, and experienced. It empowers both customers and financial institutions while revolutionizing traditional practices.
The steps incorporated in this are digital strategy, CRM consulting, API strategy and monetization, open banking used case definition, digital lending landscape design, fintech partnerships, vendor evaluation, and selection.
Project management and governance are very crucial elements to achieving success in small-scale or large-scale enterprises. The steps include in PMO office setup, project staffing, project governance and life cycle management, project benefit tracking, independent reporting, and participation in steering committee/ board meetings.
