It is true that most banks and insurers established complex IT infrastructures in their core banking business decades ago. Online services have also long been part of the standard offering. But the tide of digitalization is continuing. With modern and intelligent technology, further processes can be automated and costs reduced. This allows data to be processed, linked, and analyzed without losing time. And it enables individually tailored services for the customer.
Now as before, businesses in the finance and insurance sector must continue on their transformation journey to modernize their IT landscapes, software, and legacy systems. At the same time, new procurement models for IT infrastructure and business software, such as cloud services, help to make processes more efficient, reduce costs, and ensure all operations are run in a fail-safe and compliant manner. Banks and insurance companies must therefore be able to simultaneously integrate new IT services from the cloud without having to completely switch off legacy applications and existing core software. T-Systems makes this finance transformation possible.
T-Systems is the ideal partner for transformation and modernization in the finance sector. Our expertise lies in unraveling historically evolved IT architectures to pave the way for modern, cloud-native capabilities. Through our end-to-end solutions, we aim to reduce operational costs by moving away from legacy and mainframe applications, providing long-term financial benefits. We are experts in breaking down data silos and replacing them with standardized systems to minimize manual work and errors in data traffic.
Another focus is the switch from analog to dynamic reporting, which enables real-time insights and fast decision-making. Our advanced data solutions make risk modelling more accurate, leveraging the power of machine learning and big data analytics. Our expertise in robotics and process automation optimizes operations and increases efficiency and accuracy.
T-Systems is a pioneer and partner for digital transformation in the financial sector. We offer innovative solutions, including cloud application services, big data, and analytics, security measures such as fraud detection, and IoT-based approaches such as accounting and asset financing. The aim is to modernize traditional financial practices, digitalize the customer experience, create personalized offers, and focus on security aspects.
