In an era of drastically changing and developing financial and banking sectors, there is a continuous collision of digital turmoil, regulatory burdens and cost effectiveness. This is where GCCs step in and make all the difference. GCC setup solutions are not just restricted to establishing offshore centres, but they also create high-end centres that offer a slew of advantages like regulatory preparedness, top-quality cybersecurity systems, modern analytics, and round-the-clock support.
Collaborating with a top-notch BFSI GCC setup consultancy, like Alp Consultancy, will enable financial organisations to unravel a whole new aspect of operational productivity while enhancing global competitiveness.
Defining GCC Setup Services for BFSI Enterprises?
GCC Setup solutions for BFSI Enterprises are essentially end-to-end services provided by Global Capability Centres to establish and pilot offshore hubs that would facilitate innovative solutions, cost effectiveness, and efficient systems. The services entail initial planning to location selection, recruitment, tech integration, and monitoring.
Our GCC Setup & Transition Solutions for BFSI Firms
As part of our GCC talent and leadership pipeline development solutions, we offer a wide range of services-
Strategy Development
Our expert team of GCC establishment services for financial institutions helps organisations with conducting thorough research assessments regarding costs, location, structuring a strong framework and model.
Regulatory and Policy Management
We assist enterprises with establishing the legal structure of a GCC by ensuring all the local and international regulations and laws are complied with seamlessly. Robust guidelines are crafted to monitor offshore hubs with stringent security protocols.
Workspace Structure and IT infra-Development
We enable organisations to select the perfect site to set up a GCC unit, helping them with the design and structure, along with technology framework set-ups that include cloud environments, secured connectivity and data privacy safeguards.
Talent Search and HR Activities
We help firms in designing hiring plans to tap talent with niche skills and talent who have leadership qualities. We support them with the various functions, from standardising metrics to handling payroll and other HR functions.
Knowledge Integration and Migrating Systems
We have in-depth expertise in the finance sector and help financial institutions in the process of interdepartmental knowledge transfer. We also facilitate a smooth migration procedure for continuous and efficient compliance and operational processes.
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Our Process of GCC Setup & Transition Services for BFSI Enterprises
- The first stage is the building phase, where GCC units are set post, clearly defining the scope and purpose by the parent organisation. Research potential locations and develop a roadmap after selecting an appropriate model.
- The second stage is to initiate setups about legal and compliance, IT, and infrastructure, acquiring talent and HR structures. All these aspects are covered after careful collaboration and deliberation.
- The next vital step is facilitating the smooth integration and migration of technology, tools, and culture, along with establishing governance and management protocols.
- The final stage is after the GCC is set up, and the process of continuous monitoring and scaling of systems and operations begins. The systems are constantly upgraded, and product innovation becomes key.
Advantages of GCC Setup & Transition Services for BFSI Companies
1
Cost-Effective Operations
The offshore execution of GCCs helps organisations to save up on expenses significantly. This cost savings occurs across departments and domains. Since there is a mix of talent that comes from all spheres, the labour costs are alleviated.
2
Accelerated Governance and Control
A GCC model offers a sturdy governance structure where organisations can directly control compliance protocols and adhere to the BFSI regulations seamlessly. The model has robust security frameworks that prevent any cybersecurity or data privacy breaches.
3
Elevated Accuracy, Quality
GCCs implement process documentation systems and controls, and standards that are consistent on a global level. Service quality is enhanced due to standardisation, resulting in diminished errors and improved compliance.
4
Deep Domain expertise Access
GCCs essentially dive into a vast pool of diverse talent and professionals who have niche knowledge in the BFSI domains. These experts swiftly adapt to the tech-enabled set-up and expedite functions.
5
Flexible and Future Ready Models
GCCs enable BFSI enterprises to adjust their operations according to business demands as and when necessary. They can expand across a large spectrum, including technology, operations, data, etc.
Reasons to Partner with our BFSI GCC Setup Consultancy
Choosing Alp Consulting as a BFSI GCC operations setup services partner will not only provide you with a competitive advantage globally, but it will also give you access to in-depth domain knowledge, as we specialise in acquiring information about the regulatory, technology and operational requirements of the financial sector.
We are well known for setting up GCCs for leading financial companies that entailed transforming technology, taking charge of risk and compliance processes, along with managing the comprehensive lifecycle involving infrastructure, talent search and acquisition, regulatory establishments, etc.
Job Roles, We Hire
Senior
Manager
Financial
Analyst
Software Development Engineer
Senior Manager - Financial Planning Analysis
Data
Governance
Specialist
Software
Development
Engineer
Emerging Trends in GCC Setup & Transition Services for BFSI
1Hybrid and Multimodal Functions
Financial service enterprises are focused on adopting hybrid global financial models today, a mix of operations. Along with it, functions spread across multiple locations and time zones are gaining momentum.
Standard Chartered Bank’s GCC in Chennai spans a large scale, and its model reflects a multi-location structure and likely blends captive + partner models across functions.
2Focus on AI Automation Integration
GCCs are looking at integrating AI-driven tools, analytical platforms, and automated systems that are capable of self-optimising.3Regulatory and Risk management from inception
BFSI firms are loaded with regulatory norms and laws, and they are designing strong structures to meet regulatory standards accurately.4Shift in Skill Sets
The financial sector is witnessing a massive shift from conventional transactional roles to domain expertise, where professionals with niche knowledge are required.
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