Managed Services for the Financial Services industry

Risk & Regulatory Managed Services

Do you want to safeguard your reputation in the financial industry? Is preventing liability and compensation claims from arising a priority for you? Are you committed to enhancing the transparency and efficiency of your processes to adequately respond to regulations?

Our Risk & Regulatory Managed Services offer a comprehensive and flexible solution tailored to the unique challenges faced by banks and other financial institutions. Partner with us and you’ll gain access to specialist expertise in risk management and regulatory compliance, seamlessly integrated with advanced data and tech capabilities. Our services are aligned with current market demands, providing industry-leading insights and support for all Risk & Regulatory needs in Financial Services.

Bespoke Risk & Regulatory Managed Services from PwC empower financial institutions to effectively manage risks and comply with regulations. 

You’ll benefit from our team’s solid understanding of the financial industry, coupled with our proficiency in leveraging data and emerging technologies. We can swiftly integrate existing processes, optimising and enhancing workflows at critical points to consistently deliver superior-quality services and enabling you to achieve your strategic objectives more easily and efficiently.

Our Managed Services are designed to support your institution in the following areas:

• Updating documentation
• Risk assessments
• Risk capital calculations and validations
• Controls monitoring
• Risk reporting
• Regulatory reporting
• Outsourcing 
• Third-party risk management

Anti-Financial Crime Services

Whether you’re a small, domestic financial service provider or an international corporation, all companies in the Financial Services industry are exposed to an ever-growing risk of financial crime. Criminals are becoming increasingly creative, and they are often one step ahead of their targets. The spectrum of serious crime ranges from money laundering, terrorism financing, fraud and cybercrime to market abuse and violation of national and international sanctions. Choosing PwC as your partner allows you to both protect yourself from attack and also build effective protection functions, so that attacks can be detected and prevented at an early stage. In particular, we can help you implement the extensive regulatory requirements and can directly run parts of your processes with our Managed Services. These include:

• Know your customer (KYC) processes (onboarding, regular and event-driven reviews, client exits)
• Transaction monitoring and alert investigation
• Fraud and anti-money laundering monitoring
• Screening as a Service (sanctions, politically exposed persons, adverse media)
• Know your business partner/third-party risk management and due diligence
• Quality Assurance as a Service

You get to benefit from our extensive experience in the anti-financial crime field, evidenced by numerous successful projects. We are also a market leader in the development and optimisation of digital solutions, and we have over 1,000 specialists in the PwC nearshore network who can handle the operational side of implementing your solution.

Tax & Legal Managed Services

Regulatory pressure on financial companies is increasing all the time, and even existing legal requirements and challenges are becoming more complex and are being expanded to include new areas of focus. In particular, already-extensive tax requirements are becoming increasingly opaque and are subject to frequent change by governments. Failure to anticipate these changes can lead to significant risks. Headcount in many legal departments is limited, which can force staff to triage their work when there is insufficient time to simultaneously tackle new challenges, handle day-to-day business and optimise core processes. This also exponentially increases the risk of legal consequences.

But with Tax & Legal Managed Services from PwC, you’ll be perfectly placed to master these challenges and continue to expand your core business in full compliance with the law. We can run selected functions of your legal and tax department for you – whether it’s a temporary measure to handle special projects, or a permanent solution for tax and other legal matters. In addition to having highly qualified people, we also use the latest technology and process automation systems, delivering significant benefits for your business.

Specifically, we can offer you the following Managed Services:

• Contract solutions
• E-discovery
• Entity governance and compliance
• Managed review
• Customs tax services
• Fund tax compliance
• Indirect tax services
• Insourced solutions for tax
• Insurance tax
• InvestorTax@OneClick
• K-factor analysis
• Private equity tax 
• Remote work assistance
• Rule Scanner
• Tax compliance for funds/funds care
• Tax reporting

Cyber Managed Services

Our Managed Security Services provide comprehensive support in all aspects of information security. We cover a wide range of activities, from cyber governance, technology and operations to identity and access management, as well as protecting your networks and infrastructure. Combining our expertise and market knowledge with technological and operational excellence, we offer three delivery models for our security services: internal delivery, full outsourcing, or a hybrid setup.

The following are just some of our Managed Security Services:

• Cyber governance
• Cyber engineering
• Cyber operations
• Identity governance and administration
• Vulnerability management and attack surface reduction
• 24/7 security operations centre
• Network and infrastructure
• Information security compliance management
• Information security policy and guideline management
• Information security risk management (application risk assessments)
• Third-party risk management
• Cryptographic key management
• Access management/privileged access management governance, tech admin and operations
• IT asset management

Finance Managed Services

The finance function is one of the most important parts of a company: the economic success of a business cannot be measured unless the finance function operates effectively. In the face of increasingly demanding regulations, rapid digital transformation, and both internal and external reporting requirements, it is therefore all the more important to not only keep the finance function running, but also to exploit its full potential to ensure healthy growth and minimise error.

Our Finance Managed Services are ideal for helping you to achieve these aims. We can develop customised processes and functions for your company and run them for you in part or in full – for example, a finance and accounting managed service, operated entirely by us. We would provide you with structured reports in this example, giving you an overview of what we’re doing and allowing you to manage the process as needed. This saves you the legwork, while also delivering the benefits of our extensive experience. We also stay up to date on digital technology, regulations and innovation, so there’s no need for you to dedicate capacity to research or development.

The following Managed Services can particularly help your finance function:

• Finance and accounting
• Actuarial

Cloud & Digital Managed Services

Investment in digital transformation is becoming ever more fundamental – not only to unlock new business models, but also just to increase profitability in the long term. But in many cases, lack of expertise and internal capacity means that companies struggle to implement projects of this nature alone: attempting to do so often results in costly and lengthy projects that fail to deliver a good outcome. So to combat this, we at PwC offer specially developed Cloud & Digital Managed Services to create a controllable digital environment.

Cloud technology is very important in this context, serving as the foundation of future-oriented IT and almost all modern IT services. To fully leverage the potential of modern technology such as generative AI, mature cloud infrastructure is indispensable. Cloud IT infrastructure delivers significant advantages over traditional systems in the form of scalability and instant availability of services, benefitting your internal organisation by allowing more agile ways of working. It also enhances customer satisfaction by providing a consistent and convincing user experience, increasing willingness to buy and strengthening customer loyalty.

Our Managed Services can help you to transform, develop and maintain your IT infrastructure throughout your organisation. We have already implemented numerous projects and developed our very own solutions to these challenges, making us the ideal partner for your needs and delivering significant cost savings – for example, by transitioning to cloud services and eliminating physical servers. You’ll also get added resilience and innovation together with automatic updates – all without compromising security. Above all, you’ll be able to benefit from our disaster recovery services, making it easier to restore data than ever before.

The following Managed Services can particularly help with digital transformation:

• Application management
• Cloud as a Service
• Cyber as a Service
• Data and analytics as a Service
• Digital as a Service