What eTHIC Brings as a Modern-Day Fintech Solution
The Banking Sector, the oldest business in the world, has been evolving over time with the help of technology. This has reduced the amount of paperwork and labor required in the banking industry. The BFSI industry is turning its focus on innovation and applications like eTHIC — Why? What has prompted this shift?
1. Traditional banking is not appreciated anymore, as technology affects every aspect of the business including customer experience. Banks require software solutions that can quickly be adapted and rolled out. They need to be highly scalable and able to meet high-volume performance requirements as well. Banks want to grow quickly and so they rely heavily on cutting edge technology to get them there.
2. In order to conduct a preliminary analysis, planning for audit and auditing checklists preparation, banks need data from previous audits. To achieve that, auditing software like eTHIC will help BFSI sectors completely automate the auditing process and thereby saving nearly 50% of the time, cost, and effort.
3. This digital transformation has opened banks to create a great experience for customers but has also increased the volume of transactions per customer. To manage this, banks can rely on software like eTHIC, which is a customizable software solution to ensure that risks are reduced with continuous auditing and is well-suitable for high volume transactions.
Various auditing software’s are being used by many banks across the globe and eTHIC is being used by over 20+ banks for various audits to ensure they stay on track to becoming ‘the best’.
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NCSSoft is a product development company primarily focused on developing products for the financial sector. Completing a decade of delivering comprehensive solutions for Banking and media industries, NCSSoft is the preferred Auditing solution provider for top financial institutions across India. With a user base exceeding 1 lac, we are poised to become a global leader in the Auditing and Compliance space.