Over the years, NIIT Technologies has developed strong expertise in retail banking that has helped us nurture long relationships with some of the largest banks. We specialize in the following areas within the retail banking domain:

• Lending and Mortgage Processing Solutions
• Credit Card Processing Solutions
• Payments

Lending and Mortgage Processing

Lately, lending and mortgage industry has been facing tremendous pressure to maintain ever demanding customer service as the mortgage market reaches saturation. With the advent of latest technologies, retail banking firms have been constantly trying hard to enhance their lending and mortgage business processes by eliminating existing inefficiencies in the process flow. The firms are today focusing their efforts towards costs savings achieved by integration of independent business applications that interact with disparate sources of information in order to build a single and seamless integrated solution.
In our endeavor to address these challenges faced by lending and mortgage firms, NIIT Technologies has been providing effective technology solutions to retail banking and financial institutions for over 10 years now. The spectrum of our lending and mortgage services that we offer as part of our Banking and Financial Service offerings encompasses the functional areas of loan origination, collateral management and default management.

Our Expertise: Our team of dedicated software professionals, domain consultants and technical architects has been instrumental in execution of custom software development, modernization and maintenance of legacy systems for our retail banking clients.
NIIT Technologies has developed strong expertise especially in the loan origination and mortgage processing space that has helped us nurture long relationships with some of the largest banks.

Credit Card Processing Solutions

Meeting the expectations of corporate customers' demands for credit card industry, real time visibility of transactions, compliance with existing and upcoming regulations for cross border transactions, rising cost pressures because of heterogeneous IT infrastructure and disparate IT landscapes are the burgeoning areas of concern for the fast growing global cards industry. Though the transaction volumes are set to grow continuously, a number of pressures and concerns will depress revenues and in turn reduce profitability for Retail Banking Organisations.
We endeavor to provide full range of services at all levels to the Payment Systems and Cards Market. This includes services such as migrating Business processes to off-shore locations, re-engineering projects, Operational Support including Feasibility, Research, Strategy, Planning, Implementation (including new development and third party software implementation), Card Product Management, Risk Management, Data Analytical, Compliance, Audit and Quality Assurance (Six Sigma). Our Card Consulting Services has optimal mix of people to support you at Business, Technologies and Operation level.

Payments

Payment industry is becoming more and more driven by the consumer demands and the progress of the technology. IT in collaboration with the retail banking firms is coming up with new types of payment gateways which are customer friendly. The payment industry is also expected to become less and less profitable. The evolving scenario's in the payments space is forcing banks to come up with technological innovations beneficial to the customers.
We have domain expertise in emerging payments domain such as Utility Bill Payments, Check21, Real Time Gross Settlement Systems, domestic Cash Management and Electronic Bill Presentment and Payment (EBPP) Systems to name a few. We offer the payment solution that should be scalable and designed to meet the requirements of the banks due to the ever-changing payment landscape in retail banking.