Banking & Finance

Banking and Finance is one of the core sectors of any economy and the people oriented business. Customized software and services will help them reach out to the millions. Algoworks has the global capabilities to help clients succeed by tapping a reservoir of consulting, technology and outsourcing services. These services are complemented by deep banking & financial services industry expertise.

Algoworks has served four different financial services market segments:

• Capital Markets — Wealth Management, sales and trading, investment banking
• Personal Financial Services — Retail banking and brokerage, consumer financial services, private and high-net-worth banking
• Insurance — Life, property and casualty, risk management, reinsurance
• Corporate Banking — Payments and transaction processing, middle market banking

The growing requirement to satisfy industry regulators obliges banking & financial services companies. This helps to improve and refine risk processes and management and monitor liquidity and collateral in more sophisticated ways. Simply complying with much of the new regulation could increase overheads significantly. The trick is to use the change brought about by regulation to change the business process, improve the business model and grab new revenues. Whatever the requirement, there is a need for efficient data capture, manipulation and management.

We help our financial services clients manage change through many different solution sets. Here is an example of a few:

• Legacy Modernization — Upgrade and modernize your older applications to enable them in achieving the same benefit of newer applications.
• IT Security Solutions — Tailor security solutions to your needs, fix security issues at the root cause, and deliver cost-effective security with minimal disruption to your business.
• Service-Oriented Architecture — The means to deliver integrated business applications in a timely fashion with the least amount of intervention to change application code or structure.
• CRM — Managing customer relationships to improve revenue and retention.
• ECM — Managing secured internet/intranet portals and content management enabled applications.
• IT Outsourcing — Providing the right mix of outsourced, managed, and project services to deliver the greatest business value.