Banking, Financial Services & Insurance
Banks compete in an industry where innovation is both an opportunity and a threat. The most crucial challenge faced in the industry is mapping information technology to business processes to achieve smooth operations and better customer experience. This eventually leads to grappling with regulatory orders, serious operational problems, and survival.
The only way to overcome these challenges is to simplify core business processes and digitize where it matters, thus improving business agility, cost efficiency, and secure lasting results.
Microtek Systems leverages decades of deep industry experience and global insights by developing IT strategies and technology solutions for your banking processes, giving you a sustainable competitive advantage and increased efficiency to support long-term goals.
Using emerging technologies, we provide end-to-end digitization, Core Banking modernization, and product development services to help banks stay competitive, making them agile and efficient.
We study our client’s markets, trends, competition, and customers to identify and create a blueprint for implementing IT strategies aligned with business needs. We examine the leadership, organization structure, and processes to ensure the sustainability of the bank’s IT infrastructure.
Underperforming IT has cost implications that affect business performance. We work with banks to reduce costs, develop outsourcing and offshoring strategies that meet their needs, redesign their organization, and ensure a cost-effective application portfolio that supports innovation to deliver breakthrough IT performance improvements.
IT synergies are key to successful mergers, acquisitions, divestitures, and spin-offs, but they are often overlooked early in the deal. We help banks plan and manage their IT systems to accommodate these changes in the business structure.
We help clients maximize the business results from major IT initiatives and turn-around programs. We help executives evaluate the investment case, set up projects for success, and ensure they capture value when implementing new systems and programs.
Microtek advises your bank on the right solution, which can make the difference between employing technology effectively and profitably. We negotiate the complete “contract” not just price, but the terms and service levels, which are equally important.
Microtek’s software division has strong expertise in software development life-cycle management. We leverage our expertise in a strategic combination of technical processes, deep domain understanding and expertise, consulting capabilities, intellectual property (IP) assets, and methodologies that deliver significant and tangible value to client’s businesses.
Microtek offers support and maintenance services for all SharePoint needs and ensures 24×7 availability of support consultants to address user queries and problems.
Core banking and ancillary systems are very important in delivering services to a bank. Microtek provides evaluation services for all banking-related services, including:
- IT Infrastructure
- MIS and analytics
- Core Banking platform
- Alternate banking channels like ATM, Mobile Banking, Online Banking, Agency Banking, etc.
- Forex and Treasury
- Payment Systems
Microtek can provide your bank with part-time, interim, or temporary CIO needs. Our global reach and deep domain expertise enable us to provide consulting that includes:
- IT Strategy & Transformation
- IT Cost Reduction
- Governance & Decision Rights
- Data Center & Infrastructure Optimization
- IT Outsourcing
- Application Strategy & Rationalization
- Digital, Social & Cloud Strategy
- Business Intelligence Strategy
- Data Management & Analytics
- Enterprise ERP Implementations & Upgrades
Two affiliated insurance companies look to Microtek Systems for a seamless data-migration solution in North America.