Banking, Finance, Securities and Insurance (BFSI)
The area of Banking, Finance, Securities and Insurance has always been a key focus area at Nihilent. Nihilent has worked with some of the leading global financial institutions. The trust that clients have placed stems from the commitment to understanding the challenges of the industry from both a business and technology perspective and then developing solutions that are tailored to each client’s unique situation.
Domain Expertise
Banking and Finance |
| Retail/Corporate Banking |
Loans, Payments, Term Deposits, Corporate Deposits, Letters of Credit and Bank Guarantee, Cash & Liquidity Management, Bills and Collections |
| Core Banking |
Current & Savings, CIS, Risk Management, MIS, GL, Workflow System |
| Treasury |
Foreign Exchange, Money Market, Currency & Interest Rates Options / Futures & Options, Securities
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| Funds Management |
Asset Management, Investor Services |
| Channels |
Internet, Branch, ATM, POS, IVR/Call Center, Mobile Phone, PDA |
Securities |
Broker operations, Custodian operations, Trading, Clearing & Settlement, Depository operations, Collateral management, RTGS
Equity & Money Market, Forex |
Insurance |
Life & General
Policy and Claim Management, |
Risk Management & Compliances |
SoX, BASEL – II, NCA,
Risk Management
Fraud Management (including Money laundering)
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Service Offerings
Consulting |
Software Services |
Products |
Business Process Engineering / Re-engineering / Management Consulting
Change / Knowledge / Performance management
Compliance and Governance
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Architecture / Systems Integration
Development through implementation, Support, Maintenance & Testing
Business Intelligence & Data warehousing
Conversion, Migration and Tools
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Globus / T24
Hogan
Flexcube
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Experience Showcase
- Acquisition and Mergers: Nihilent worked on software application merger projects when Nedbank acquired BoE (Bank of Executives), FBC and People’s Bank
- Conversion and Migration: Nihilent successfully executed Swiss Card Conversion project when Swiss card decided to implement CAMS II product to replace their existing Payserv and Globestar systems for Visa and Amex card processing
- Compliance: Nihilent was involved in Nation Credit Act (NCA) compliance projects in Standard Bank and Nedbank when the South African government enforced this act to all banks in the country
- Support and Maintenance: Nihilent worked on several Support and Maintenance projects for clients such as Nedbank and Standard Bank
- Re-engineering: Nihilent got commendation to successfully enable Multi-Company processing in a single system for Nedbank
- Enterprise Transformation: Nihilent helped in transforming a global bank with over 14,000 branches and operations in over 10 countries from a transaction-oriented set-up into a customer-centric bank at all levels. Nihilent enabled post-merger alignment and strategy execution at a global bank’s new acquisition in Africa
The Nihilent Advantage
- Rich exposure in BFSI vertical
- Services ranging from Change Management, Strategy Execution to Software Development, Modernization and Testing
- Established exclusive Offshore Development Centers (ODCs) for major clients
- Ready Infrastructure and Processes for providing 24x7 support services
- State of the art tools and technology frameworks
- Dedicated pool of resources for niche technologies such as Globus/T24, Flexcube, Hogan and Vision+
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