Xoriant solutions for financial services industry

Financial services companies thrive on quick, but accurate decisions within the constantly changing regulatory framework, which is different in every country. Keeping up with the fast-changing requirements for quick decision making, operational efficiency, accurate accounting and regulatory compliance makes the business processes and hence the IT systems very complex and dynamic. As such, the financial services industry relies heavily on its information systems and technologies, thus continuously investing in acquiring, upgrading and maintaining systems, data and infrastructure. Robust, responsive, high quality, reliable and accurate infrastructure and software backbone is absolutely essential to survive and thrive in this competitive industry.

Xoriant has provided software product engineering and financial software product consulting services to both, the specialty software product providers serving the the financial services industry, as well as to the financial services institutions such as investment banks, commercial banks, mutual fund companies and insurance companies. Xoriant’s wide ranging software experience in enterprise software products, databases, networks, middleware, web technologies and BI technologies, in addition to the domain knowledge in various aspects of financial services, makes us an ideal partner for both the financial services software companies and the end clients.

Our financial services experience spans Securities and Investments, Credit and Payments, Banking, Mutual Funds and Insurance. Some key competencies include:

• Banking:

  Internet Banking and Mortgage Banking

  • Design/Development of Online Consumer Banking Portal supporting multiple languages and time zones
  • Design and development of a common customer information structure to enable cross-selling between Mortgage Bank and Savings Bank customers

• Capital Markets:

  Front-end Trading Platform, Risk Management, Compliance Management, Order Management, Fund Accounting

  • Design/Development of fixed income derivatives trading application
  • Design/Development of portfolio risk data mart

• Credit Services:

  Risk Management, Compliance Management, Credit Application

  • Design/Development of compliance management system for credit derivatives

• Transaction Services:

  Local and global transaction services to the financial counterparties such as equity/fixed income backend processing, funds transfer, compliance, etc.

  • Design/Development of a funds transfer system compliant with Single Euro Payment Area (SEPA ).
  • Design/Development of a prototype system providing Straight Thru Processing

• Insurance:

  Life Insurance, Auto Insurance, Property & Casualty, Health Insurance

  • Design/Development of online quote/binding system for auto insurance
  • Design/Development of healthcare comparison shopping online portal