Leaders are often praised for their ability to ask the right questions and challenge the status quo. As the world we live in is changing at a pace not known previously, with artificial intelligence (AI) and Machine Learning (ML) significantly transforming the traditional operating models of financial institutions—shifting the strategic priorities and changing the competitive dynamics of the financial ecosystem—we at SilverMile help financial institutions better embrace AI and prepare themselves for the future.
Fintech has grabbed the lion’s share of attention and investor interest in the Financial industry over the past few years. The advent and promise of technology in solving financial problems for people has been a real achievement of the sector. With the proliferation of many new fintechs, with overlapping business models and customer base, companies need to constantly find that edge to stay ahead of the competition. Our team has experience of working with some of the leading companies in the space across geographies. We can leverage our technological prowess and industry reach to further our client’s value proposition, unlocking significant value for companies.
As we progress towards an increasingly digital world, banks have to keep pace with changing demands and preferences of their customers who seek the convenience of mobile -banking services and instant payment solutions. Further, as regulatory requirements change in the context of robust governance norms and liquidity requirements, banks have to take a pro-active approach to stay on top of the competition. Our Banking specialists help clients anticipate challenges, develop and implement strategies that address regulatory reform, technological complexity, competitive dynamics and changing consumer behavior and preferences.
The NBFC sector has passed through a challenging period of liquidity and solvency concerns owing to Governance lapses and weak Risk Management tools. In light of the new regulatory framework overlooking the functioning of NBFC’s need to uphold strict Corporate Governance standards and exercise due diligence of the highest order in building their asset book. Our in house team of seasoned NBFC professionals have held leadership roles in Microfinance institutions, asset financing, consumer financing and draw on from their experiences to help our NBFC clients adopt best practices and professional standards to achieve sustainable growth.