With the global economy rebounding, the emerging New Normal has created a constantly churning marketplace—with consumer preferences to match. To compete, financial services firms need to reposition themselves for higher performance and new growth opportunities. Among the more prudent steps you can take: Transform your IT foundation to become more adaptive to customer needs.

Advansys's Banking practice provides consulting and IT-based services and solutions to customers across the world. We offer a comprehensive set of solutions to banks through our unique three-dimensional model, which encompasses Technology Services, Enterprise Solutions, and Industry-specific Solutions. We leverage our collective knowledge from these three dimensions to deliver business value to our customers.

Individual banks today are at a diverse level of development, in terms of business growth, product pricing, customer mix, asset classification, and technology infrastructure. Advansys understands that each banking institution be it a global bank, super regional/state level bank, or community/co-operative development bank has a unique business profile and needs. To address these needs, we provide individualized and customized solutions, thereby allowing banks to focus on core business activities.

We at Advansys, understand and appreciate the change in the banking industry, and have proactively invested in creating banking solutions that help banks create new business opportunities, tap the existing ones more efficiently and address the new challenges on the horizon. A few examples are - Internet Banking, Corporate Banking, Investment Banking and Wealth Management.

Economic shifts significantly affect card management and payment processing. With new regulations, mergers, and other forms of convergence sweeping the industry, monitoring and reducing risk is a business imperative. With the rapid rise in credit card defaults, you need to limit your exposure, while retaining and acquiring the most credit-worthy customers.

While Advansys's technology expertise whether in IT or IT-enabled services has proven its worth in all our engagements, our banking team is poised to make the difference through its business technology banking solutions in the following segments of banking across geographies,

Cards and Payments: Issuing, Account acquisition, Network related services, Merchant-acquiring and Servicing, Origination, Clearing and Settlement, Value added services, Reconciliation and Research

Channels: Channel integration, Mobile Banking, Branch Optimization, Sales and Service Delivery, Internet Banking, Contact Center and Social Networking for online banking

Retail and Corporate Banking: Deposits, Trade Finance, Supply Chain Finance, Wholesale Banking, Risk and Compliance

Lending: Auto Finance, Personal and Asset finance, Small Business credit, Students Loan, Overdraft, Dealer Finance and Lease

Mortgages:Home equity, Refinance, Reverse Mortgages, Balloon and Commercial Real Estate Investment Banking: Securities processing, Reference data, Risk Management, Asset servicing and Derivatives processing

Wealth Management: Asset Acquisition, Portfolio Construction, Trade Management, Accounting Performance and Reporting, Pricing and back office services

Banks are looking at ways to conserve capital, contain costs and optimize processes to deal with the present and get prepared for a better tomorrow. Customers are becoming more sensitive, aware and alert, and addressing their expectations has become challenging than ever before as they seek customized products and services. The industry needs to achieve efficiencies at low cost irrespective of business lines and stay abreast with emerging technologies. Hence, the banks are not taking any chances ignoring the next generation needs of both retail and corporate customers but are satisfying their needs through collaboration between business and technology.

Our retail banking customers harness the power of technology to address challenges like increased competition, demanding customers, alternative banking systems, the need for multi channel integration, regulatory compliance and security issues.

  • Core Banking SolutionsDeposits, Savings, Loans, Cash, Drafts, Channels (Teller, Internet, Collections, Phone Banking)
  • CRM Solutions Tools for customer acquisition, retention, information and revenue generation
  • Enterprise Data Management Solutions Create accurate, consistent and transparent data content for better decision making
  • Implementation of third party packages:
    • End-to-end, total lending automation, from loan origination through loan servicing and collections.
    • VisionPlus Planning, implementing, integrating and customizing VisionPLUS applications for banks, retailers and card companies
  • Interface Development ATM, Payroll and other third party applications
  • Security and Fraud Control Access-control, authentication, identity-management, and other fraud-management and security technologies

We enable global banks to deliver best in class services in the areas of commercial lending, treasury & cash management services, trade finance, messaging and payment solutions.

  • Commercial Lending Loan accounting for demand, term, mortgage and hire purchase loans in a multi-currency package, syndicated lending
  • Treasury Deal capture and position keeping system with full accounting and reporting capabilities for foreign exchange and money market instruments
  • Cash Management Managing cash resources for maximizing returns while minimizing risks
  • Trade Finance Comprehensive Trade Finance packages designed to handle all kinds of bills and guarantees Payments
    • Legacy modernization/ transformation of payment applications,
    • Performance optimization of Real-time Gross Settlement Systems
  • Compliance Solutions
    • Consulting- from Business Process Mapping to design and implementation of internal controls
    • Addressing operational risk

Our Retail and Corporate Banking solution addresses the needs of transactional banking through its proven capabilities and best in-class offerings in:

  • Enabling front office sales and service with middle and back office systems
  • Product partnership driven implementations covering core banking modules, CRM and extending to niche areas like analytics and reconciliations
  • Automation across operations that are transaction intensive
  • Data management to provide enriched insights into customer transactions
  • Address technological impact on customer services due to emerging regulations
  • Application rationalization across the portfolio of a bank

Financial institutions engage with Advansys for its full spectrum of services in Business-IT transformation initiatives. Clients come to us for our domain expertise, innovation and customized engagement models and the ability to meet the needs of all kind of clients – from small first time outsourcers to large organizers that have mature outsourcing practices.

Advansys also works with leading software companies in the areas of Business Process Management (BPM), cash management, online customer self-service, enterprise content management, and banking and payment technologies, providing the entire range of services from product conceptualization to implementation right through to customer implementation and support.

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