ISHIR expertise and experience in financial Services ecosystem can address challenges and seize opportunities in banking & insurance

Financial Services & Insurance industry is undergoing a major transformation due to recent changes in economic conditions and regulatory norms. Banks and Financial Institutions are now transitioning their business model beyond checking and savings in order to succeed in this extremely competitive market.  Innovations in the banking sector such as peer-to-peer lending, micropayments, pay day loans, collaborative financial planning and social savings are also changing the landscape of the financial domain. Furthermore, regulatory compliance is a critical factor that must be given top priority in day-to-day operations.

Focus Areas in our Financial Services

ISHIR has helped clients develop and support a wide variety of financial Services software solutions which include:

• Individual Background Check (credit, civil, criminal, etc.)
• Pay Day Loans
• Pawn Shop lending
• Consumer Lending
• Credit Card Processing
• Wealth Management & Advising
• Debt Reductions Services
• Leasing
• Insurance
• Trading & Brokering
• Customer relationship management (CRM)
• Fraud Detection & Prevention
• Regulatory Compliance
• Financial Reporting
• Employee Benefits Administration
• Policy Administration
• Client and Broker Management
• Insurance Premium Quoting systems
• Policies, Claims and Reinsurance

Our Financial Services Experience

Utilizing our knowledge of both proprietary and open source software development technologies, as well as current market requirements and regulations, ISHIR is able to provide the following services for building and supporting banking software solutions:

• Leverage SaaS models and incorporate SOA best practices
• Document Management and High speed Scanning and archiving Systems
• Develop financial reporting products that implement XBRL standards, adhere to SEC norms and generate statutory reports
• Integrating large legacy systems using XML web services
• EDI Integrations
• Analytics and Business Intelligence Systems
• Design lending applications that integrate with credit bureaus and credit reports (e.g., Experian, Equifax, D&B)
• Develop frameworks for fraud detection and prevention
• Build financial analytics and business intelligence tools
• Migrate legacy software to a Cloud Computing model
• Bank or Credit Union Websites
• Search engine marketing and social media marketing services
• Consumer Informational Portals
• Finance Services Portals in Microsoft SharePoint