Collabera Strengthens Its Retail Banking Revenue Growth Offerings
Morristown, NJ (PRWEB) July 19, 2011: Collabera, a leading provider of end-to-end technology consulting, solutions and services, announced today that the company has adapted its consulting services to help banks accelerate their revenue growth strategies.
Shafqat Azim, Head of the Consulting Division, Collabera said “banking industry is reeling with the burden of new regulation costs and declining fee revenues. Substantial erosion in revenue and profitability due to loss in fee revenues and other regulations enacted by Congress, fierce ccompetition/consolidation as well as failures are adding to the mounting business pressure.
Banks need to be focused on organic and inorganic revenue growth strategies. We have aligned our consulting solutions directly with banks’ business and IT priorities. Our solutions are based on current business trends in banking and are designed to help our clients compete in a climate where revenues are shrinking”.
Collabera banking solutions help clients in increasing revenues either organically or inorganically. Collabera has developed end-to-end framework to assist banks with FDIC and Non-FDIC driven M&A transactions. Through this framework, Collabera engages with banks right from the strategy, pre-announcement deal support, through post-announcement M&A integration.
On the organic growth front, Collabera offers services to help banks enhance their product bundling strategies, optimize cross-selling, optimize customer on-boarding processes, improve online account opening processes, and monetizing alerts to help banks in increasing revenue organically.
Established in 1991, Collabera is a leading, global, end-to-end information technology consulting, services and solutions company. Collabera focuses on helping businesses “bridge the execution gap” and experience accelerated business performance. Its client-centric philosophy, commitment to service excellence and a Collaborative Engagement Model enables its global 2000 and leading mid-market clients to succeed in today’s global digital economy. With over 6000 professionals operating from 19 locations and 3 extended development centers worldwide, Collabera provides onsite, offsite and offshore technology consulting, services and solutions to leading financial services, technology, communications & media, manufacturing, retail & logistics as well as energy & utility corporations. The privately held company has offices in the U.S., Europe, and India including three delivery centers.