For Banking & Financial Services globally, the business landscape has never been more challenging. The tentative economic recovery following the meltdown of 2008 is being hampered on multiple fronts; ongoing credit concerns in Europe and the US, the once solid growth engine of China looking less robust and significant changes in the regulatory environment present a “triple threat” against a backdrop of global uncertainty.
In the aftermath of the recent crisis in the global Banking & Financial Services sector have resulted in some key mandates for the decision makers.
Regulatory compliances and transparency leading to substantial change in reporting requirements
Customer centricity - customer profitability analytics, dynamic product pricing, and actual benefits realization through customer loyalty programs
Portfolio rationalization and subsequent system consolidation
Business and cost transformation
How iGATE Can Help You
iGATE Banking & Financial Services (BFS) with over three decades of experience is widely recognized as a pioneer in delivering end-to-end service offerings including IT consulting, system integration, business systems management, infrastructure management services, and business process outsourcing to meet the above-mentioned business needs. Our unique Integrated Technology-Operations (iTOPS) approach offers a business outcome-based model thus adding certainty to the clients' business; enabling them to derive maximum value at increasing business efficiency levels. The iTOPS approach means a 'one view' of our clients' technology and operations, which helps in following a synergistic approach to achieve business benefits.
The iGATE Banking practice has several client relationship that are more than a decade old. We solve problems in the areas of credit products and processes implementation, transaction processing, internet banking, and back office operations. Our comprehensive Risk and compliance solutions suite helps banks in their credit risk and collection implementation life-cycle through proprietary models, standard approaches, and methodologies. iTOPS model based payment solutions results in business consolidation and help achieve better operational efficiency.
The Financial Services practice has the domain expertise to service the entire value chain from buy-side to sell-side, from custodians to depositories and central counterparties. To achieve business and cost transformation, clients have leveraged our solutions such as Reference Data Management, Financial Control & Reporting, Operational Fund Accounting, Standing Settlement Instructions Manager and Reconciliation Services.
iGATE offers a wide variety of services within the Mortgage Banking industry. Be it processing end-To-end loan originations or any aspect of loan servicing, we have the IT and Operations resources to meet all of your mortgage-related needs. Our experience in the mortgage industry is broad and deep including loan fulfillment, loan servicing, loan modification, default management, and collections.
With over 15 years of experience and 1000+ strong team of plan administrators, implementation specialists, pension actuaries, and ASPPA-certified trained resources, iGATE Benefits Administration practice service offerings include retirements, health and welfare benefits, trust accounting in standalone mode and Master Trust, actuarial valuations, and superannuation.
Providing technology and business enabled solutions for the past 30 years
Over 75 banking clients including a number of Fortune 500 companies
Over 400 engagements executed through the offshore-onsite global delivery model
Average 20 years of functional experience
Pool of over 5500 specialized resources and 5000+ engineering years of experience