Financial Services

We have assisted our Financial Services clients with business challenges requiring data solutions across a variety of domains including client, product, market, transaction and reference data.

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Industry Challenges

Security and Privacy

Financial services firms experience cyber-attacks much more than other businesses.  Each data breach can cost financial services firms millions of dollars.  Simultaneously, additional privacy regulations, such as CCPA, are being enforced.

Regulatory Compliance

Aggregating and consolidating data to meet regulatory mandates like Dodd-Frank, Basel III, BCBS 239, EMIR, MiFID and AML continues to be one of the top challenges in financial services.  Sagence is working with leading investment banks, asset managers, ratings agencies and trusts to ensure they are meeting regulatory target dates.

Managing Big Data

As data volumes continue to increase, financial services firms need to effectively acquire, manage and distribute relevant data.  We've helped our clients architect solutions and implement tools for managing both structured and unstructured data.

Disruptive Technologies

Financial services firms are investing in robotics, A/I, workflow automation and natural language processing (NLP) to stay competitive with newer firms that were "born digital".  Sagence has assisted financial services firms with leveraging NLP for document and contract management.

Customer Expectations

Customers expect flexible, personalized service from their financial institutions 24x7 and are available on their mobile devices.  Incumbents are facing competition from Fin-Techs who are well positioned to deliver.  Sagence is working with major banks and insurance companies to develop operating models to remain competitive.