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Banking, Financial Services & Insurance (BFSI)

Transform customer journeys & automate core processes
BFSI
Rising expectations of users, legacy systems & infrastructure, adoption of emerging technologies following ever-changing compliance requirements are the challenges of BFSI players – which we focus on solving through our below offerings.

BFSI Segments We Served

BFSI
Health Insurance
Handled claim digital lifecycle creating front- office apps, back-office integrations, and EDI batch transfers
BFSI
Property Insurance
Developed personal real-time portfolio monitoring applications with inbuilt risk management tools
BFSI
Investment
Designed AI driven investment advisory assistant with proprietary formulas and financial modelling
BFSI
Credit Union
Implemented a cloud-based collaboration & insights platform for corporate banking relationships
BFSI
Small Finance Banks
Developed open banking digital ecosystem and APIs for seamless integration with third party services
BFSI
Rating Agencies
Built an auditing platform to import sample test data, streamline rating process and analyst workflows
BFSI
FinTech
Built a decentralized blockchain platform for exchanging the sensitive information between partners
BFSI
Revenue Cycle Management
Automated eligibility verification, payment reconciliation, denial analysis, data aggregation and reporting

What’s the next big thing in BFSI ?

We assess your digital maturity and help you modernize your digital strategy to withstand the
market competition, adopt new business models and delight customers.

BFSI

Our Offerings for BFSI Players

BFSI
Platform Development
Create secured and user-friendly platforms to support complex financial operations across banking, investment, wealth management, asset management, and insurance
BFSI
Data Analytics
Extract valuable insights & patterns from vast amounts of financial & customer data for risk assessment, investment strategies, personalized services, and fraud detection
BFSI
Software Testing
Identify and fix the security vulnerabilities, performance issues, data integrity compromise areas, non-compliance of BFSI regulations to meet the highest quality standards
BFSI
Mobile App Development
Enable on-the-go financial services over user friendly mobile apps to access accounts, make transactions, access personal information, and receive alerts
BFSI
Artificial Intelligence
Build AI-powered virtual assistants for financial planning, NLP-driven chatbots for customer support, intelligent algorithms for fraud detection, risk assessment and accurate predictions
BFSI
Process Automation
Automate data entry, claims processing, invoice reconciliation, accounts payable & accounts receivables compliance reporting, customer query resolutions, and data transfer between systems
BFSI
Legacy Migration
Consolidate repeated solutions or sunset hard to maintain solutions or eliminate the technical debt through application and data portfolio rationalisation and recommending the best fit modern solution.
BFSI
API Management & 3rd Party Integrations
Facilitate integration with Open Banking APIs & Systems for efficient data exchange, enhanced collaboration, and the ability to leverage external services, expanding the capabilities
BFSI
Cloud Adoption
Design scalable cloud storage, disaster recovery solutions, backup multi-zone host mechanism for enabling BFSI applications and data accessible securely from anywhere
BFSI
Blockchain Audit Solutions
Build Hyperledger blockchain connected web applications for secured partner contracts, immutable log mechanism, decentralized payments & financial tracing information

Solutions we have delivered across BFSI Industry

PalTech has delivered the below core financial systems and customer self-support solutions for our BFSI industry clients to enhance their customer experiences, optimise operations, and drive business growth.

BFSI

Featured Insights

BFSI

TECHNOLOGY

Dark Patterns : Explore Unique Top 9 UX Strategies and Their Impact

Navigating the Shadows: Understanding UX Strategies and Dark Patterns  In the bustling world of digital interfaces, every click, swipe, and tap represents a crucial interaction between businesses and their users. This intricate web of experiences, known as User Experience (UX), holds the power to shape perceptions, drive engagement, and ultimately influence revenue. But beneath the […]

5 minutes read | Jun 12, 2024

BFSI

TECHNOLOGY

React 19: New features and enhancements for web developers 

Comprehensive release guide of React 19 features As web development continues to evolve, frameworks need to prioritize both developer experience and user experience. React, the undisputed leader with over 41% market share, delivers on both fronts. React’s intuitive design makes it easy to learn and use, accelerating development processes. This translates to faster time-to-market and […]

6 minutes read | Jun 04, 2024

BFSI

TECHNOLOGY

Simplifying NuGet Dependency Management with NuGetSolver

Introduction:  Navigating the intricate web of dependencies in software projects can be a daunting task for developers. With numerous direct and transitive dependencies scattered across multiple projects, managing compatibility issues and version conflicts becomes a significant challenge. Manual resolution of these conflicts often leads to errors and consumes valuable development time. However, a promising solution […]

5 minutes read | May 16, 2024

BFSI

TECHNOLOGY

A Roadmap through the DevOps Lifecycle

The DevOps lifecycle has emerged as a game-changer in the rapidly changing world of software development, enabling seamless communication between development and operations teams to enable efficient and dependable product delivery. By fostering a culture of continuous improvement, automation, and close team alignment, DevOps enables businesses to quicken the development cycle and launch high-quality products […]

5 minutes read | Apr 20, 2024

Why Choose Us?

Up to 40% faster time- to-market using frameworks

Technical Debt & Product Scope Creep eliminated

Partnerships and Support plans with Cloud providers

Products backed by Solution Architect + Functional SME