Overview banking industry

The financial sector is a major contributor and player within the global economy. The recent past has been marked by the global financial crisis, increased consolidation of the sector through mergers, acquisitions and closures along with increased regulatory pressure on financial institutions. These changes are driving the strategy of most financial institutions resulting in new and higher demands for ICT organisations. Thus, new IT trends and initiatives to cope with the changes and resulting demands are appearing. 

High demands triggered by the rising economy

The financial crisis has forced the financial services industry to reduce costs and, consequently, to cancel or postpone important IT projects. Staff reductions and the reduction of IT budgets have led to a situation in which banks have difficulties coping with rising demands resulting from the recovering economy. 

This situation has also impacted the IT industry and its service providers. IMPAQ has recognized the challenges at an early stage and we have positioned ourselves as service leaders in what we believe are some of the most important IT topics in the current financial services environment.

IMPAQ focuses on today’s key IT sectors

At IMPAQ, we focus on those IT topics that are at the top of our customers` agendas: reducing complexity to realize cost efficiencies in value chains, internal processes and the related IT architecture, adapting new technologies to provide new products and value added services.

Our experienced professionals provide services that support your projects on all levels, from managing entire programs to integrating IT systems and assuring that their quality enables a smooth transition into production. We also deliver standard and individual software solutions that meet the highest demands.