The need – Rapid innovation to increase revenues and managing compliance to regulations
Banking Financial Services and Insurance (BFSI) organizations are faced with a multiplicity of challenges such as:

• Heightened regulations, increased compliance and reporting requirements
• Constant pressure to deliver better products to customers overwhelmed with options
• Building competitive advantage through innovation in order to maintain profitability

Mindteck’s BFSI Practice – Providing next generation integrated solutions to help financial services firms succeed in a dynamic business transformation and regulatory environment
Mindteck’s BFSI practice offers comprehensive domain focused business and technology solutions dedicated to the Financial Services Industry.

Customer segments include:

• Independent software vendors
• Data providers
• Payment service providers
• Commercial & Investment banks
• Brokerage firms
• Property and casualty insurance companies
• Benefits administrators
• Wealth and asset management firms

Business Focus Areas

• Governance, Risk & Compliance
• Payments
• Insurance - Policy Lifecycle Management, Claims Processing & Regulatory Reporting for Property & Casualty and Workers’ Compensation

Service Focus Areas

BFSI Practice Highlights

• Specialized Domain Focused Approach: Micro-vertical approach offering our clients consultative and business-led expertise employing our depth of domain knowledge and experience
• Proven Credentials: Blue chip client base covering Banking, GRC Product Leaders & Payment Processors
• Point Frameworks & Methodologies: Addressing the key needs of the industry with domain focused solutions that include:
• Governance, Risk and Compliance: Client On-boarding, Policy & Procedure Management
• Payments : SEPA Testing Framework, Hybrid Mobile Platform Framework
• Insurance: End-to-end Testing framework for P&C Insurance
• Technology Leadership: Centers of Excellence for Microsoft technologies, Open Source technologies, Enterprise Mobility and Cloud Computing
• Partnerships and Alliances: Enterprise-wide alliances with leading technology vendors such as Microsoft and SAP complement our core service offerings. Our partnerships give us an edge in financial services-specific expertise such as enterprise content management, business intelligence and portal solutions.