Finance

Financial institutions have a unique and widespread influence on various societal challenges because of their vital position in our communities. They act as trusted guardians, directing and spreading capital throughout the world’s economy. This directly affects how individuals manage their finances and grow their wealth. Moreover, there’s a compelling business reason for these institutions to find solutions to societal issues. By doing so, they can access new, burgeoning markets, enhance financial results, lower capital costs, attract top talent, and lessen risks related to reputation and regulations.

The wealth management sector has usually enjoyed robust growth without needing much capital. However, today’s challenges like stricter regulations, more competition, and a slowing global economy are prompting shifts in their strategies.

Furthermore, the way customers view and interact with wealth management is changing rapidly. Open and direct communication is vital: clients wish to understand the value they’re getting, and firms should grasp what clients are ready to pay. While customers are leaning more towards digital conveniences and tools, wealth management’s digital approach has been slower compared to commercial banking and other areas.

In the short term, the payments and transaction banking sector might see a steady, if not explosive, growth. However, when the market recovers sustainably, there could be a sharp rise in revenues. This boost will likely come from a move towards cashless transactions, a surge in online shopping, electronic transactions, and new innovations.

To tap into this potential growth, established entities will face stiff competition. Here, it’s not just traditional banks but also new entrants vying to be the preferred choice for customers in offering payment solutions.

A Holistic Approach to Financial Services Digitization

Major shifts are reshaping the world of payments and transaction banking. As businesses face an unpredictable future, they’re keen to understand the upcoming market trends. Our team specializes in guiding clients through these changes in the payments realm.

While immediate growth in the payments and transaction sector might be modest, there’s potential for a boom once a steady recovery is in place. This optimism stems from a move away from cash, the rise in online shopping, more electronic transactions, and innovative approaches.

But to tap into this growth, established companies have to outshine in a competitive scene. Here, not just banks but unconventional entities are also vying to become the go-to choice for customers in offering payment services.

We operate on a broader scale, aiding our financial clients in achieving their environmental and societal goals. We’re clued up on current social and environmental trends like financial inclusivity, human rights, and biodiversity. Beyond just setting targets, Aurisys’s teams are devoted to creating a real societal difference in the financial sector.

Consider this: a financial body usually goes through about 4,000 processes for customer interactions. Given this intricacy, it’s no surprise that banking lags in terms of digital advancements and modern tech implementation compared to other sectors. We provide transformational solutions, from specific tasks to extensive overhauls, harnessing the power of digital tools, AI, and sophisticated data analysis to address all banking aspects.

Our specialists work with acquirers to kickstart new growth phases. We craft strategies to tackle merchants’ biggest business hurdles, enhance sales team effectiveness across various platforms, and digitally revamp the complete merchant experience. Part of our expertise is honing in on sales pricing, ensuring optimal rates, especially for bundled products. The outcome? Improved revenue from better pricing and customer loyalty. Lastly, we assist merchant acquirers in refining their risk management strategies, especially when dealing with mergers and acquisitions, achieving growth targets, and steering through tough times.

Meet Our Financial Institutions Consultants