Banking Software Solutions

The global banking industry is undergoing a major transformation due to recent changes in economic conditions and regulatory norms. Banks are now transitioning to a "universal banking" model (i.e., scaling services beyond checking/savings/loans) in order to succeed in this extremely competitive market. Innovations in the banking sector such as peer-to-peer lending, micropayments, collaborative financial planning and social savings are also changing the landscape of this domain. Furthermore, regulatory compliance is a critical factor that must be given top priority in day-to-day operations.

Our Banking Software Solution Focus Areas

GlobalLogic has helped clients develop and support a wide variety of banking software solutions for the following areas:

Lending & Leasing
Fraud Detection & Prevention
Regulatory Compliance
Financial Reporting

Our Banking Software Product Capabilities

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

Leverage SaaS models to incorporate SOA best practices
Develop financial reporting products that implement XBRL standards, adhere to SEC norms and generate statutory reports
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 banking software to a Cloud Computing model
Ensure banking software compliance with MiFiD, Basel II, trading & broking KYC and anti-money laundering regulations
Develop mobile banking applications