NEW YORK, Nov. 20, 2019 /PRNewswire/ -- Genpact (NYSE:
G), a global professional services firm focused on delivering
digital transformation, today announced that Everest Group, a
leading consulting and research firm, has named Genpact a Leader
and Star Performer in the Financial Crimes and Compliance
Operations Services Peak Matrix® 2019.
The report evaluates 21 service providers across areas including
market impact, vision, and capabilities. Everest Group emphasizes
Genpact's deep domain expertise, strategic acquisitions including
riskCanvas in January 2019, and
integrated solutions to transform clients' financial crimes and
risk management operations.
"Risk management challenges to combat financial crimes include
the inability to analyze large data volumes with manually-intensive
investigations," said Manu
Aggarwal, vice president, Everest Group. "Genpact's
continued investments in digital technology, combined with its
geography-specific risk advisory councils that add to its domain
expertise, help financial institutions transform operations to
drive more strategic business impact."
Improving service and scaling operations with digital
technology
Genpact's end-to-end capabilities across digital
technology, consulting services, and intelligent operations help
financial institutions reimagine their financial crime and
compliance processes to enable competitive growth. For example,
Genpact leveraged robotic process automation technology, powered by
its Genpact Cora digital business platform, to transform the
anti-money laundering (AML) risk management operations of a major
U.S. bank. Automating repetitive data-gathering tasks allowed
investigators to focus on more complex, value-added activities. The
bank also enhanced customer service by scaling operations 24 hours
a day, seven days a week, delivering faster, more accurate AML
activities, boosting productivity by 75%.
"With ever-evolving regulations, and new threats from financial
crimes, banks need agile operations with quicker, smarter access to
data," said Manish Chopra, global
risk and analytics leader, Banking and Capital Markets, Genpact.
"Being recognized as a leader again by Everest Group
underscores Genpact's ability to help financial institutions
respond quickly to market challenges and transform their risk
management operations from mere compliance activities to a
strategic competitive advantage."
Risk and compliance services require specialized professionals
who can keep pace with the constantly evolving regulations and
practices. To continue to foster skills in this area, Genpact
recently created its Financial Crimes and Compliance Talent
Academy. This program helps build a training ecosystem to encourage
early careers, chart out learning journeys for existing talent, and
provide certifications to upskill talent.
See these links for more information about Genpact's financial
crimes and compliance capabilities, Genpact Cora, and the
Everest Group report.
About Genpact
Genpact (NYSE: G) is a global
professional services firm that makes business transformation real.
We drive digital-led innovation and digitally-enabled intelligent
operations for our clients, guided by our experience running
thousands of processes primarily for Global Fortune 500
companies. We think with design, dream in digital, and solve
problems with data and analytics. Combining our expertise in
end-to-end operations and our AI-based platform, Genpact Cora, we
focus on the details – all 90,000+ of us. From New York to
New Delhi and more than 30
countries in between, we connect every dot, reimagine every
process, and reinvent companies' ways of working. We know that
reimagining each step from start to finish creates better business
outcomes. Whatever it is, we'll be there with you – accelerating
digital transformation to create bold, lasting results – because
transformation happens here. Get to know us at Genpact.com and
on LinkedIn, Twitter, YouTube, and Facebook.
MEDIA
CONTACTS:
|
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Abby
Burton
Genpact Media
Relations – Global
+1
678-982-5477
abby.burton@genpact.com
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Siya
Belliappa
Genpact Media
Relations – India
+91
9823133365
siya.belliappa@genpact.com
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SOURCE Genpact