Technology improves the resiliency of companies against the business effects of COVID-19
Helping BFSIs have their digital strategies
COVID-19 hit businesses like a whirlwind coming from left field. Geniusto is no exception but due to the agility pivot against any challenge and because the company has a well thought of and structured strategy in place, the company is well-planned to meet the demands of the pandemic. Geniusto realizes that BSFIs need to have the same agility.
The current COVID-19 crisis provides a window and opportunity for BSFIs, businesses, and their customers to go contactless, do away with paper currency. The banking and payment systems that are in place are not ready for the pandemic that is hitting the country at the moment and, due to the effects of COVID-19 on the global economy, maintaining the current, “traditional infrastructure” to support the current payment systems will become more expensive.
One of Geniusto’s core specialty is to help BSFIs develop its digital-only strategy. The breadth of our experience and the technology we provide to help BSFIs go contactless span several years and is being utilized by leading banks in several countries worldwide. Realizing that financial institutions needed the platforms that Geniusto offers to help their business survive, the company embarked on a series of information campaigns targeting BSFIs to share with them how next-gen platforms like OmniPLUS can help their company weather the COVID-19 storm and how capacity building workshops like the company’s Digital Transformation Accelerator Program (DTAP) can help BSFIs manage change brought about by digitalization.
The information campaigns had produced excellent results for the company as there has been a significant increase in interest amongst BFSI on how the company’s flagship products can speed up their digital transformation projects. This resulted in positive meetings with several BSFIs that will result in new partnerships for the company.