Banking & Financial Services
In today’s ever-evolving financial landscape, banks navigate a complex web of global trends, regulatory frameworks, and stakeholder expectations. To thrive in this dynamic environment, banks must continually innovate and adapt their services to maintain a competitive edge. From Core Banking to Mobile Banking, Electronic Funds Transfer to Wealth Management, technology has become the lifeblood of modern banking operations. Additionally, stringent compliance requirements necessitate the generation of specialized reports, further highlighting the pivotal role of IT in banking.
Embracing digitalization has not only bolstered efficiency but has also revolutionized customer experience. At MindCraft, we specialize in empowering banks to transform their business models through tailored technology solutions. Whether it’s venturing into the digital market or optimizing IT infrastructure for uninterrupted support, we collaborate closely with banks to actualize their strategic objectives.
Banking Solutions
Power your business with these technology solutions, customized for the banking sector:
Highly scalable platform for processing bulk & online remittance transactions received from Exchange Houses across the globe
Centralized payment processing solution supporting all electronic payment systems such as RTGS, NEFT, NACH, IMPS, SWIFT, etc.
Banking Services
Our experience of delivering large projects for banks and our capabilities across niche technologies enables us to provide end-to-end technology services across these areas:
Implementation of scalable and secure callable interfaces to core systems. Disparate services are assembled in a single catalog and exposed in a secure and scalable way.
MindCraft can help make your applications resilient to architecture erosion with microservices. By packaging independent services in Docker containers, you can add new features and release software faster.
Complete automation of CI / CD process, use of Quality Gates, 24x7 support for developer community
MindCraft can help banks set-up and run their infrastructure on cloud (private, public or hybrid) while leveraging hardware and network investments. We also provide managed services in a multi-cloud environment and help with successful cloud migration projects.
Asset-based lending solution that automates the lending life cycle from ‘customer acquisition’ to ‘loan disbursement’.
Enterprise-wide business risk monitoring dashboard for key risk metrics. Available for various types of treasury operations.
We can implement patching servers across different infrastructure domains such as Databases, Middleware, Linux and Windows OS, Network devices and VMware to remove infrastructure vulnerabilities
Process automation for new account opening, including processes like initiation, data entry, document verification, de-duplication, CBS integration etc.
Implementation of comprehensive SOA from a simple ESB-based service gateway to a complex event-driven or changelog driven integration
Implementation of workflow and process automation solutions in various functions like treasury, cash management, payments, customer service and foreign exchange
Implementation of internet-based portals for various communities. Provides a unified view of the business that customers or partners have with the bank.
Implementation of BI solutions that provide detailed drill-down reports for on-ground teams and concise interactive dashboards for the top management.
Support on almost all key Middleware technologies along with applications deployed on the bank’s servers. We have capabilities in providing 24x7 support across various platforms.
Financial Services
MindCraft has successfully delivered many projects for Non-Banking Financial Companies (NBFC) and Exchange Houses. Some key solutions and services for the financial services include:
We can build distinct reusable services around key applications using IIB, package these service APIs, and selectively and securely expose them to partners / aggregators, helping you onboard new alternate channels for business generation.
Using data bricks and data lakes, we can create a universal data warehouse to provide a single version of truth. We can also incorporate visualization and user stories driven dashboards, so you can slice and dice your data to identify cross sell and upsell opportunities.
MindCraft can help develop processes using BPM, define workflows within each application and develop integration points, thereby, helping the Financial services company streamline enterprise architecture while reducing IT costs through consolidation of inventory.
We can manage, architect, design and deploy the complete platform stack required by your applications.
MindCraft can help build a highly secure litigation management system which can act as a central, indexed and searchable electronic repository and make the litigation process faster and more efficient
