Banking

Banking

Novaya with its sharp domain focus, is increasingly being recognized for its offerings around service innovation, digital architecture and productized offerings. Our solutions and services span the entire consulting-transformation-implementation lifecycle right from product evaluation through a CoE transformational approach to implementation and support of industry-leading banking products.

Banking is at the center of all commercial activity. Banks also have their own mammoth functional frameworks spread across Core Banking, Delivery Channels, Card and Payment Gateways, Specialized service offerings such as Corporate Banking, Centralized Banking, and so on. Transactional accuracy, ease of access, availability, and performance are key to any application in this sphere.

Our domain capabilities in the Banking sector span across the following:

  • Core Banking Transformations including various modules such as Deposits, Loans, Term Finance, Treasury, and so on.
  • Fund Transfers through various modes such as NEFT, RTGS, IMPS, and Bill Payments.
  • Compliance with various regulations like BASEL, BCBS 239, SEPA, AML, FATCA, etc.
  • Payments/Remittances including Cross Border and multi-currency transactions.
  • Various delivery channels like Internet, Mobile, Mobile App, etc.
  • Recent trends such as eWallets and Self Service Technologies.

Digital Banking

Today, banks have a huge digital presence and as consumers adopt new technology, customers are increasingly demanding 24/7 access. There is an emerging trend for digital-only banks with zero-branch presence. The challenge is to offer complete functionality in the minimal and highly diverse front-end of a mobile, along with the best usability and compatibility experience.

Banking & Technology Edge

Core Banking systems have a wide spectrum of business functionalities. Any technology partner should have a team of SMEs, with in-depth domain knowledge and experience. Mobile and browser technology fragmentation, end-to-end validation of both front/back-end systems, and ensuring a consistent multi-channel delivery experience are just some of the many aspects that may need be considered.

Performance Failures

Certain time-based events create a spike across the Banking/Payment portals. Performance failures in banking portals can have a serious effect on the consumer. Tuning the products to reach the required performance levels requires robust infrastructure, connectivity, and seamless integration into the backend systems.

Web Security

Banking portals, by their very nature, are prime targets for hacking and fraudulent activities. Vulnerability scanners and penetration testing can reveal significant system vulnerabilities. Code level reviews can also identify weaknesses. Compliance to international security standards such as PCI DSS is very important.

Regulatory & Compliance

Regulation of Banks is a mandatory and business-critical requirement. With BASEL IV, MiFID II, GDPR, and new Money Laundering directives arriving all the time, there is an endless wave of new regulatory issues to address. Complying with these multifarious regulations entails huge expense and effort on the part of the banks, and a trusted and proven partner can save significant money and time.

Get in touch with us

Either by phone or e-mail we would love to answer any questions you may have.

+91-40-48586101

info@novayasoft.com

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