Success story: How a Dedicated Team in Bangalore Helped a Leading Bank

The financial world of today is changing quickly, and institutions are always being pushed to innovate and adapt. A major obstacle they have is meeting the increasing demand for insights derived from data. Leading Italian bank Mediolanum saw this challenge early on and set out to upgrade its data analytics capabilities and modernise its IT infrastructure.

But Mediolanum, like many other European businesses, had to overcome a major obstacle: a lack of skilled workers in the data science and engineering domains. This made it challenging to locate the qualified experts required to carry out their audacious ideas.

Mediolanum collaborated with The Scalers, a top supplier of IT outsourcing services, to solve this obstacle. Mediolanum found that The Scalers' proficiency in establishing and overseeing productive remote teams in India was the ideal answer to their requirements.

Building a World-Class Team in Bangalore

The Scalers collaborated closely with Mediolanum to comprehend their unique needs and pinpoint the best applicants for their team. They located excellent engineers with the necessary training and expertise by utilising their wide network and stringent hiring procedures.

Additionally, Mediolanum received from The Scalers a dedicated account manager who oversaw every aspect of the project, including hiring, onboarding, and continuing support. By doing this, the team was able to function rapidly and effectively.

Unlocking the Power of Data

Mediolanum was able to make great strides towards its data analytics goals after assembling a new team. The group created and put into use a cutting-edge data platform that allowed Mediolanum to gather, store, and process data from several sources.

Then, by utilising this data to generate fresh insights, Mediolanum was able to enhance customer satisfaction, streamline business processes, and make wiser investment choices.

Beyond the Numbers: A Ripple Effect

The triumph of Mediolanum acts as a model for other European businesses facing comparable personnel difficulties. It demonstrates that establishing a remote team in Bangalore is a strategic decision that can unleash hitherto unrealized potential rather than merely a cost-cutting tactic. Beyond financial institutions, this knock-on effect encourages companies in other industries to tap into worldwide talent pools and reshape the conventions around cross-border cooperation.

The story of Mediolanum and The Scalers is not over when it comes to earnings or market share; rather, it is a monument to the human spirit's capacity to overcome obstacles and accomplish seemingly insurmountable feats when motivated by a common goal of advancement. "Collaboration is the key to unlocking true transformation in a world obsessed with competition," the novel subtly suggests.

A Successful Partnership

Mediolanum and The Scalers' collaboration has been a huge success. The modernization of Mediolanum's IT infrastructure and the enhancement of its data analytics capabilities have been accomplished. The bank can now use data more skillfully to boost operations and obtain a competitive advantage.

Key Takeaways

• The significance of data analytics in the current financial environment.
• The difficulties in locating talented engineers and data scientists.
• How outsourcing can assist banks in overcoming their personnel scarcity and achieving their data-driven objectives.
• The advantages of assembling a committed team in Bangalore.

This case study highlights the value of creativity and teamwork when faced with obstacles. Mediolanum was able to overcome its talent deficit and harness the potential of data to revolutionise its business through a partnership with The Scalers.

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You can accomplish your objectives by assembling a top-notch group of engineers and data scientists with the aid of The Scalers. Get in touch with us now to find out more about our offerings.

Source: https://thescalers.com/case-studies/dedicated-team-helps-mediolanum/