SOLUTIONS BY INITIATIVE
EUC REPLACEMENT
Scalable, safe software that’s built to last
Simplify the shift from EUCs to a unified and secure software suite.
EUC Replacement in numbers
%
of spreadsheets in capital market firms have at least one significant error*
*2019 PwC study
%
of capital markets firms reported compliance breaches related to the use of EUC*
*Chartis survey 2020
%
of financial institutions admitted that EUC tools were a major source of operational risk*
*Risk.net survey 2020
THE CHALLENGE
Reliance on EUCs cause operational and regulatory risks
End-user computing (EUC) solutions are quick fixes. But they come with long-term risks including a lack of governance, scalability and compliance issues. Version control becomes an almost impossible task and users can bypass IT protocols.
Financial institutions are swapping fragmented EUCs with centralized platforms that enhance accuracy, reduce risks and meet regulatory standards.
THE SOLUTION
Replace your EUCs
Replace your disparate EUCs with robust applications built on one platform.
Integrate the Genesis Application Platform into your existing enterprise systems.
Regulatory compliance is ensured with robust security and compliance features, including access controls, data encryption and auditing.
Less risk, no siloes and a speedy transition
Explore client stories
Remove manual processes, scale and innovate – ING replacing legacy tech
ING created a Credit Insurance Issuance (CIA) application using Genesis. The application let the bank centralize data and streamline processes such as automating CPRI transactions.
Operational efficiency for African bank achieved in just 4 month deadline
This client’s credit issuance team was struggling with inefficient spreadsheet-based operations. Using Genesis, it quickly deployed the CIA application, improving operational efficiency and reducing the risk of missed premium payments.