Untitled Document
Today's Banking and Financial Services (BFS) organizations have to deal with a host of challenges including a highly competitive marketplace. They have to deal with issues such as, a need for a dynamic BFS product and services portfolio, managing the Banking & Finance growth across geographies, compliance to market regulations, security and scaling BFS customer base.
With increased competition, "Outsourcing" is no longer synonymous with just increased productivity and reduced costs. Banking and Financial Services Organizations are looking for effective process-oriented "partnerships."
Our Solution
NIIT Technologies offers BFS institutions the entire range of offerings to meet current challenges in banking services and remain competitive. NIIT Technologies helps you manage risk, comply with BFS regulations, and manage transformational challenges in banking & finance while driving efficiency and improving service levels.
The Banking and Financial Services framework at NIIT Technologies encompasses a comprehensive multi-dimensional matrix composed of six inter-related elements, indicated in the diagram below:
Our Banking and Financial services Practices is built around three key pillars:
Business Benefits
We offer a strong value proposition to BFS customers, bringing benefits that have a direct bearing on how they harness the power of their technology investments to achieve top and bottom-line growth. These include the following:
- » Banking & Finance Domain expertise, which remains a key differentiator for us and lies at the core of our BFS framework
- » Over 600 dedicated technical resources and 50 functional Banking and Financial Services consultants with indepth domain expertise drive the BFS practice.
- » Our experience with marquee clients and industry leaders for whom we have built functional capabilities that cover the entire spectrum of the financial services segment.
- » Our Framework caters to specific processing requirements for the front, middle and back office operations of the various domain areas enabling them to deploy suitable processes to enhance efficiencies, reduce costs and improve productitvity.
- » We help our clients do to comply with regulations such as Basel II, SOX and PCI- DSS, risk management and bringing to the market quickly new products and services.
- » The BFS @NIIT Framework addresses the issue of "external interfaces" in a focused manner. We have skills to provide SWIFT Interfaces, the SEPA guidelines for EU, connectivity and market feeds and Automated Clearing House Interfaces.