BFSI IT Solutions

Unlocking potential with technology and data

Automotive

Current Scenario

With tighter regulations, increased customer expectations, and pressure from stakeholders, banks, and financial institutions face numerous challenges to stay relevant in the market and encounter roadblocks in adapting to the changing landscape.

In the backdrop of a digital revolution, financial institutions and banks need to upgrade to IT systems and reinvent their workflows and operations for catering to clients based on data-driven insights and offer customized solutions.

The biggest challenge is to make the transition from traditional to digitized banking/financial services while meeting the heightened compliance measures, safeguarding against cyber threats, and staying cost-efficient.

Our offerings


Simplify with Business Applications

We work with you to understand and assess the current business applications landscape and chart out the loopholes and gaps in the workflows.

Based on our findings, we suggest appropriate applications and systems and help you make the critical buy vs. build decision.

With expertise in ERP, CRM, and e-commerce platforms, we help you select and implement applications that integrate well with your existing systems for superior data management and seamless transaction flows.

  • Assessment for Business process re-engineering and inculcating change management
  • Offering flexible and scalable managed application model along with staff augmentation
  • Facilitating project integration through a hybrid approach
  • Monitoring and ensuring constant up-gradation of enterprise applications

Prioritize data-driven approach

On a rough estimate, businesses leverage only 0.5% of their existing data. While numerous businesses recognize the importance of Data Analytics, they struggle with siloed data that hinders them from making meaningful inferences or facilitating business decisions.

Through our assortment of Data Analytics services, we bring together AI, analytics and business experts, and data engineers who understand cloud technology and machine learning systems:

  • Consulting service to chalk out KPI’s and identifying market differentiators
  • Technology consultation and implementation for recognizing malicious patterns and behaviors, compare archives and current transactional data for mitigating fraud
  • Organizing data in a centralized data warehouse and representing it visually for implementable data insights
  • Determining big data tools and managing them alongside your BI and advanced analytics strategy

Securing the cyberspace

As social engineering remains a favorite with hackers and fraudsters, phishing and cyber vandalism continue to threaten the banking and financial institutions.

The need of the hour is not just protection from being compromised but preparedness, developing resiliency, and minimizing recovery time in case of a threat or attack.

We offer a medley of professional and managed services to safeguard infrastructure and protect cyberspace:

  • Preparing a risk management profile along with key stakeholders to identify current inadequacies in the cyberspace
  • Help meet compliance and regulatory standards as per CCPA, HIPAA or GDPR
  • Elaborate security solution comprising anti-malware evasion and behavioral analytics intelligence
  • Offering ransomware defense and protection services for meeting IAM requirements and Perimeter Configuration review

Going Digital

As there is a global shift towards digitizing services, going digital for financial institutions shouldn’t be just about aesthetics but a complete mindset shift with back-end operations to support it.

Digital transformation is brought about by ensuring collaboration and team building via technology rather than relying on geography. Here’s how we aim to help you make a smooth transition and bring about complete digital transformation for your organization:

  • Helping set goals and strategies to build a culture based on employee’s contribution and decision-making acumen
  • Leverage economical and agile cloud-based services to minimize infrastructure costs and streamline workflows
  • Identifying opportunities to build virtual assistants and bots for superior customer experience
  • Review entire workflow, processes, and systems and replace with relevant digital cores and tools with a focus on robotics, and cloud


How does it benefit you?

  • Minimization of security and non-compliance issues
  • Enhanced brand reach and increased customer retention
  • Streamlined operations and faster development of new products and services
  • Reducing response time and higher efficiency in customer service

Please call us at 1-877-283-7484 or mail us at info@veritis.com

contact us

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