Banks and financial institutions today face many challenges in the global economy that has been revolutionized by information technology. With the Gramm-Leach-Bliley Act of 1999 (GLB), the ownership firewalls between banks, insurers, and financial services firms have been removed, and so the financial services industry has experienced an increased momentum in inter bank mergers and even cross-industry mergers and consolidation.
The challenges created by globalization, consolidation, and the changing economy have forced banks/finance companies to re-evaluate their technology investments that support global infrastructures operating 24 hours a day, 365 days a year.
The banking and finance companies have been consistently trying to meet the needs of the industry and increased customer expectations by building new infrastructure and scaling up business operations. Technology has been at the forefront, enabling these changes particularly in the areas of Investment Banking and Commercial Banking, targeting both consumers and commercial clients with products such as online banking, electronic payment gateway, cheque imaging etc.
What we have done...
At Benchmark, using our IT expertise and experience gained over the years, we have delivered software solutions which have helped this industry particularly in the areas of online banking, inter-bank/branch reconciliation, payment gateways and document management systems.
Further, we have offered our services in various banking divisions in the areas of:
- Application Design, Development and Maintenance
- Data Warehousing
- Legacy Conversion & Re-engineering
- Systems Integration
- Strategic Sourcing
- FSA Compliance Consulting (Case Study)
- Middleware Services (Click here for more..,)
What we can also do...
Apart from the above mentioned areas, Benchmark can also offer modular development of solutions that complements the client's core banking solutions particularly in web services that can include:
- Deployment of specific banking solutions on the web
- Web enablement of existing client-server applications
- Interface with other back end systems
- Custom development based on client's specific requirements
- Maintenance/support of applications
Cyber Security Services (Click here for more..,)