Financial Services Insights

In this report we outline three areas where we have helped financial services industry clients.  Shift to co-managed projects, Upskilling IT labor and embracing Agile for program management.

Financial firms are struggling to create a sustainable and economic IT competency to keep pace with the competition. As a result, the advancement of IT skills, capabilities and knowledge are in higher demand.

WHAT WE SEE

  • A movement away from large integrators (The Big 4)
  • Disappointment with off-shore results because of knowledge loss and inefficiency
  • Re-focus on in-house project management competencies
  • Shift of outsource mix to more FTEs

WHAT WE DO

Apex provides co-managed solutions at half the cost of the large firms, with competitive advantages versus off-shore options. Our projects are customized and fit for purpose with deliverables and value as a focus – working with your teams to effectively deliver and transfer knowledge.

HOW WE DO IT

Our client, one of the Big Five Canadian Banks, required a modernization and consolidation of their retail banking applications. This drove the need to centralize their core UAT function. Apex helped to create a CoE for better utilization of domain skills while significantly improving quality, establishing best practices and controlling costs.

Apex can help fill the skills gap our clients have through training and upskilling.

WHAT WE SEE: Significant Skill Deficiency

  • Overall skill gaps due to lack of knowledge and available resources
  • Need for training and reskilling resulting from the labor shortage
  • Shift to newest technologies creates skills shortage and higher demand
  • Mobility and turnover require cultural changes and work/life balance

WHAT WE DO

Clients in North America all share the same problem: upskilling and staffing teams with new skills and surge capabilities. The speed to market is increasing and the need for qualified skilled teams continues.

Apex provides human capital solutions including upskilling, contract to hire, performance management and retention programs.

HOW WE DO IT

A top 10 financial firm in the U.S. required a scalable solution to onboard 200+ resources with potential skill deficiencies. Apex customized a targeted plan to provide upskilling and training to address a variety of skill-based gaps. Apex worked closely with key stake holders to implement customized screenings, create upskilling programs through the Apex Talent University and technical mentorships.

WHAT WE SEE: Agile Movement Continues

  • Companies continue to navigate and implement Agile techniques
  • The shift requires a change in business and IT thinking and partnership
  • Agile transformations require patience, reskilling and clear buy-in from the top

WHAT WE DO

Clients in North America all share the same problem: upskilling and staffing teams with new skills and surge capabilities. The speed to market is increasing and the need for qualified skilled teams continues. Apex provides human capital solutions including upskilling, contract to hire, performance management and retention programs.

HOW WE DO IT

One of our clients, a Top 10 Financial Firm in North America, was unable to efficiently build and maintain effective Agile teams. Apex assisted in creating complete Agile teams that required very specific technical and industry-specific skills, including Scrum Masters, Business Analysts and Software Developers. The client felt strongly that Apex understood their business needs and that we applied a seamless and responsive solution.