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Banking |
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Spectrasoft’s expertise in Banking Technology has been built on the experience Spectrasoft has achieved by working with banks across geographies. Spectrasoft has a core team with experts in banking functions and banking technology. Spectrasoft’s Spectrasoft model helps focus on an integrated approach to banking technology and operations. This contributes to business process improvement and profitability. Spectrasoft recognizes some of the key challenges faced by Banking Institutions which include the increasingly stringent regulatory and compliance requirements. Achieving cost efficiencies, ensuring data security, enterprise wide system integration, and migration from legacy applications are some of the other core issues faced by the banking institutions. Our domain experts in banking function and banking technology have capabilities to facilitate quick and effective solutions in the different functional areas represented here. |
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Spectrasoft reduces cycle time and increases the quality of services delivery through a combination of proprietary and industry standard tools methodologies and frameworks. |
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By outsourcing IT Enabled Processes to Spectrasoft our clients in the Banking industry leverage tremendous benefits in the form of reduced costs, business process improvement and streamlined functioning of IT Services without any compromise on security. Spectrasoft also facilitates decision making regarding process outsourcing through its business process consulting services aided by its proprietary Decision Accelerators. |
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Business process improvement is made possible by Spectrasoft’s Banking Practice through strategic consulting to resolve core business challenges. Spectrasoft’s IT Services Group facilitates the reduction in concept-to-execution time, ensures high quality deliveries and helps in cutting integration and development costs. |
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Spectrasoft’s IT Services Group has several offerings for the Banking. Some of them are listed here |
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- Program Management/ Project Management/ Vendor Management
- Requirements gathering and defining Functional Specifications
- Product Implementation – Core Banking
- Application Development/ Package Improvements
- Application Maintenance
- Production support –Assistance & Resolution
- Data Management and Data Services
- STP of Applications and Messaging Systems
- Core Banking Products Implementation
- Development of Interfaces, EAI
- Testing
- Middle ware Administration
- Data Center facility management
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Specialists in Banking Technology offer strategic consulting and facilitate independent verification and validation of Banking Products. Usability and functionality tests are undertaken by the Independent Verification and Validation practice. |
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Further, Spectrasoft’s IT Services Group brings standardized methodologies, tools and frameworks which contribute to rapid application design and development. Spectrasoft also has methodologies and frameworks which facilitate acceleration of decisions related to process outsourcing. |
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Spectrasoft has a strong capability in Consulting for the Banking Industry. The key services under consulting include Strategic Consulting, Business Process Consulting and Consulting for Banking Technology. |
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Some of our Consulting Services Offerings are listed here. |
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- Process Consulting (Documentation, Analysis and Improvements)
- Software Package Evaluation and Selection
- Built or Buy Analysis for Software Solutions
- Defining the Business Architecture
- Program Management Consulting
- Application outsourcing and Off-shore ability Analysis
- Business Process Management & Re-design
- Business Services Identification for SOA
- Regulatory/ Compliance Changes – Impact Analysis, Solution finding
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Spectrasoft’s banking team has some of the best-in-class resources with years of experience. They further have access to the Central Knowledge Repository where case studies, white papers and project experiences are archived. |
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With Spectrasoft as a strategic consulting partner banks can offer unsurpassed service quality to their customers, track their business processes, embrace business process improvement, take accelerated decisions on strategic outsourcing and maximize profitability consistently inspite of market vagaries. |
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