Financial Services

Global financial institutions face an increasingly complex market. They are struggling to sustain growth, keep abreast of regulatory changes and technology breakthroughs even while profitability of existing products is eroding. The combination of factors is forcing financial institutions to shed the transactional orientation of the past and focus on improving the efficiency and customer orientation of their operations.

While the financial services industry is committed to aggressive growth targets, not all companies are positioned to get there. Companies with a dependence on rigid core legacy systems are at a significant competitive disadvantage when it comes to the flexibility needed to increase scale. Banks will need systems based on SOA compliant modules with common data integration capabilities. Elite groups expect to see a greater incorporation of Web 2.0 and interactive technologies for customer portals and online banking.

Grappling with these demands, ISVs in the financial services space have always turned to Symphony Services for its industry insight and cutting-edge technology experience. With over 250 skilled professionals working across banking engagements, Symphony Services has been able to cement its position as a strategic development partner and growth engine for its clients.

Symphony’s Financial Services Practice

Symphony Services’ Financial Services practice engages with clients to offer them business-transformation solutions that will give them a competitive edge in their marketplace.

Domain-specific Offerings
Core Banking BankFusion Platform Universal Banking International and domestic payments (credit transfers)	Treasury & Capital Markets Summit Calypso Murex	Internet Banking Platform Postilion Internet Banking IFM
Technology Offerings
Consulting Technology and Process Roadmap for SOA based architecture POC to use Distributed cache	Product Modernization Globalization/ Localization Support Code Refactoring Building Interfaces to other systems	Engineering Effectiveness Improvement program Managing Product Releases
Sustenance Engineering Defect Remediation Defect Backlog Reduction	User Acceptance Testing Business & Requirements based Testing
3rd Party Solution Offerings
SWIFT network Almonde (Risk Mgmt) Fircosoft (Fraud Detection) IBSnet (Trade Finance) Open Source Tools – Glassfish ESB (enterprise apps integration)

How does Symphony do it?

Symphony Services have been able to provide value to its clients through:

• Engineering Certainty
  • Harnessing technology to build products for quick go-to-market strategy
  • Building self-sustained distributed teams for faster ramp-up and collaboration
  • Improve the ROI and TCO through adoption of Open Source frameworks, tools ensuring legal/licensing compliance
  • Strong metrics-driven approach with zero overheads
• Design for Reliability
  
  • Enterprise-level System Integration for interoperability – move towards SOA enablement
  • Performance throughput improvement by 20x using caching framework

Delivering key benefits to clients

Symphony Services can boast of an impressive repertoire of work done for leading names in the industry.

• At Misys, we have undertaken key business transformation initiatives to develop the next generation platform on SOA-based architecture
• At Capco, we have built a Global Delivery Model to combine the best of offshore delivery with onshore deep industry expertise
• Other marquee clients:
  • S1 Inc. - Leading provider of integrated front office software applications for FI’s
  • Misys LLC - Global supplier of IT solutions to the banking industry
  • Clear2Pay – Global Leaders in payments solutions