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What are the key industry challenges and tech trends for financial services and insurance?

Banks and insurers face relentless regulatory change, legacy system debt, and rising customer expectations. The shift to digital, AI, and cloud is essential but complex. Firms increasingly struggle with fragmented data and high-volume analytics demands, especially in capital markets where KDB+ workloads require faster modernisation.

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How do we help our customers address these challenges?

We enable financial institutions to modernise securely and at pace. Our sector specialists deliver cloud migration, AI-powered automation, and data-driven transformation.  As capital markets experts, we optimise complex, high-frequency data environments — including KDB+ — while providing resilient IT support for financial services. We unify data, modernise core platforms, and embed compliance by design. The result is improved agility, reduced operational risk, and measurable gains in efficiency, customer experience, and regulatory alignment.

Subsector Expertise

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Banking

Our IT support for financial services strengthens resilience, security, and always-on operations. Helping banks modernise core systems, enhance digital channels, and deliver real-time insights for better customer outcomes.

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Insurance

We support insurers with cloud transformation, AI for claims and underwriting, and regulatory compliance solutions.

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Capital Markets

Enabling capital markets firms to optimise data, automate reporting, and manage risk with advanced analytics and cloud platforms. Our capital markets experts specialise in high-performance environments, including KDB+ optimisation and low-latency workloads.

How we deliver

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Sector discovery and assessment

Deep-dive assessments to understand your business, technology landscape, and strategic goals, including tailored evaluation of trading, risk and kdb+ data environments.

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Modernisation and integration

Modernising legacy systems, unifying data, and deploying cloud-native, AI-enabled solutions.

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Continuous improvement and support

Providing managed services, ongoing optimisation, and innovation partnerships to ensure lasting value.

Specialist services

  • AI icon
    AI Strategy and Implementation

    Achieve rapid ROI and reduce risk with AI solutions build for speed, scalability, and compliance. Increase clarity through transparent metrics, move seamlessly from pilot to production, and unlock major productivity gains.

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  • Intelligent Applications

    Intelligent applications empower organisations with next generation AI-powered experiences, rapid low-code development, and confident legacy modernisation, driving efficiency, agility, and superior customer outcomes for sustainable success.

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  • ASPIRE Managed Services

    Deliver peace of mind for your customers with proactive monitoring, rapid issue resolution and cost predictability. Gain improved performance, reduced downtime, ongoing optimisation and flexibility to scale without disruption.

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  • Cloud Transformation

    Accelerate your cloud journey with confidence, agility and clarity. Reduce risk, optimise costs and achieve faster time-to-value with resilient architectures that enable ongoing innovation.

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  • Unified Data and AI

    Transform data into a smarter, strategic asset with robust governance and future-ready platforms that deliver insights, enable compliance and maximise data-set value.

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  • Enterprise Applications

    Optimise processes, reduce complexity, and unlock agility across critical systems. Future-proofed, efficient solutions that seamlessly integrate and scale with your needs.

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  • Strategy, Design and Change

    Elevate your customer and employee experiences through our human-centred design approach, our collaborative ethos and our expertise prototyping and bringing your ideas to life. In the AI era, we aim to set your business apart.

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  • Software Asset Management

    Maximise the value of your software investments while reducing risk and cost. Benefit from proactive monitoring, accurate forecasting and strategic insights that prevent overspend and minimise audit exposure.

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  • Evolve – Business Transformation Framework

    Incorporate deep understanding of your business before prioritising technology solutions. Evolve is a transformation framework that creates and sustains value in the age of AI.

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Co-Creation Studio: driving intelligent transformation in financial services and insurance leaders’ forum

From the Insurance Leaders’ Forum, discover how organisations are using Version 1’s AI Co-Creation Studio approach to accelerate intelligent transformation across financial services and insurance. The discussion explores how AI, cloud, and data are being applied to modernise legacy systems, improve regulatory compliance, and unlock new levels of customer experience and operational efficiency.

Customer profile: Foundation Risk Partners

Foundation Risk Partners (FRP), a leading US insurance brokerage and consulting organisation, partnered with Version 1 to transform key strategic business processes through innovative AI efficiency solutions.  This collaboration has resulted in ground-breaking developments, enabling unprecedented accuracy, speed and scale in converting customer prospects into sales.

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Award image of how Version1 created an award winning AI governance initiative for NatWest

How NatWest and Version 1 created an award-winning AI Governance initiative

We’re proud to share that our partnership with NatWest has been recognised at the DataIQ Awards 2025, taking home the award for Best Data Governance with AI Initiative.

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