Application services for banking

While the banking industry is undergoing fundamental change that is forcing banks to focus intensely on cost reduction and risk management, many banks are beginning to look at a longer term horizon to determine how to enhance revenue growth. Banks that lead the market coming out of the global economic downturn will be those that create the internal framework, processes and culture to respond rapidly to new opportunities, threats and regulations. This results in a relentless demand for service and product innovation, and a need for adaptability and flexibility on the part of applications.