FI-TS – the efficiency driver for financial services
The harder the competition, the more distinctly organisations must stake out their own positioning. FI-TS has the central value proposition for financial service providers: increased efficiency.
Our organisation ushered in the new year with a new name: effective January 1, 2009, the old IZB Informatik-Zentrum became Finanz Informatik Technologie Service. The new name is outward testament of a brand-new positioning:
- Industry focus on financial service providers
- Core business of technology and service
- Firm position within our corporate group Finanz Informatik
The key driver for this realignment has been the IT service market itself, notably that of our target clients, the financial service providers. The financial crisis which dominated the latter half of last year has also revolutionised attitudes to sourcing and outsourcing in the industry.
Whole areas that used to be sacred – integral to core competencies and therefore no-go areas for outsourcing – are now being put to the scrutiny. Organisations are asking which approach really delivers the greater cost efficiency – outsourcing or an in-house solution? Two issues are of paramount importance for companies seeking to reduce costs:
- Where to draw the demarcation line between insourcing and outsourcing in their IT value chains
- How to leverage a competitive market to obtain the best prices for services
Mission: cost reduction
In our estimate, the new focus in IT sourcing is on achieving sustainable reductions in TCO (total cost of ownership), as opposed to just going after the lowest purchase cost of particular services. This is the changed situation we are committed to addressing with our repositioned service portfolio. Working to deliver added value to our customers, our mission is therefore as follows:
We guarantee our clients secure, highperformance access to systems and information, giving them the assurance of 24/7 business continuity. Committed to helping our customers enhance operational efficiency, we deliver flexible solutions promptly at competitive prices. By partnering with the banks, insurance and financial service companies which we serve, we help them do business more efficiently.