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Banks and financial institutions have seen big movements in the recent past, as international businesses continue to transform the global landscape. The always fluctuating economy, and the increased pressure from regulatory bodies have only made it more difficult for banks. Even so, there have been positive developments for the banking sector, especially with regards to automation and multi-channel functionality aspects that have given them an opportunity to enhance customer operations and open up the doors to growth and advancement. With financial service providers, on the other hand, complying with regulations and mitigating risk is always on their mind, while as is enhancing profit and growth when and where possible.
Many of these financial service players are extending their products and/or services to not lose out in the race, and offering additional value-added services alongside for the same reason. Then again, these plethora of services need to be managed and rendered smoothly and efficiently, else the brand identity may take a beating amongst clients and customers. What bank and financial institutions need is a sound technology solution that backs their service, so they can tap in on the numerous growth opportunities. A technology partner like Ektha Solutions allows you to leverage the growth opportunities to the best effects with quality technology-solutions. Let us show you why you should be teaming up with us
The Ektha Solutions advantage:
One of the first things that you should be looking at in a technology solution provider is past experience. At Ektha Solutions we have a diverse experience in integrating operations with technology solutions for banks and financial institutions of a wide variety of sizes. Whether it’s in upgrading your legacy software framework or helping you set up your IT infrastructure, we have your back. Also, we understand that takeovers, mergers and acquisitions have become more prevalent than they were earlier in the finance industry today. In the event of such movements we can quickly assist you so your current application can be easily integrated with that of the parent company without any hiccups. Our qualified and innovative professionals come up with new perspectives each day to solve issues, whether it is vendor fatigue or stringent regulations, with futuristic solutions that help you advance.
When it comes to financial service enterprises, Ektha Solutions has operated with both sides of players- on the buy and sell sides. We have handled services that cater to the different cycles of trading and investment management, risk management to portfolio accounting. Through our experience with numerous financial service-based clients we have gained a firm understanding of the financial industry landscape. The sound domain knowledge when combined with the sound IT experience and knowledge we have on board, can very well help put your enterprise well on its ways to success through next-generation technology solutions. We understand that different facets of the finance service industry such as mortgage, retail, payment, management and so on, have different requirements, and can work with you to chalk out customized solutions accordingly. Whether it is a sound data management strategy or advanced analytics, we can offer the adept solutions powered by the latest delivery models and technology
The insurance industry is experiencing various changes across different markets and sectors. Take the health sector, for instance, there is a noticeable drop in employee-based health insurance plans, as audiences gravitate toward government-hosted plans. There have also been some healthcare reforms passed in the recent years. Even so, the focus of healthcare insurance providers remains the same to offer reliable financing and co-ordination while mitigating the healthcare costs. The same can be said about the life insurance market, which is expected to advance to newer markets that have not yet been explored, owing to improvements in consumer confidence and global economy. The onset of economic recovery and the improving job market certainly spells a positive outlook for life insurance operators in terms of sales prospects. Then again, handling so many people and processes securely calls for a more streamlined and well-rounded mode of operation with quick response time.
With all these significant changes in the backdrop, agility and flexibility of operating models have become the call of the day. Along with this, insurers have to also tackle the issue of enhancing expense ratios, alongside keeping the pricing competitive. The bottom line is that insurers are on the lookout for technological solutions that can enhance the user experience for both their clients and customers, while simplifying their functional processes.
The fluctuating nature of the industry, falling premium growth levels, shrinking revenue margins, regulatory modifications, price sensitivity and fluctuating customer loyalty have put an emphasis on the need for a solution that is timely, responsive and customer-oriented to enhance growth, which is exactly what Ektha Solutions offers. We are geared toward providing interesting technology solutions that effectively tackle marketplace challenges, and can be seamlessly integrated into your existing infrastructure and processes. We have handled a number of IT operations for insurers ranging from application development to legacy modernization, Business intelligence and more.
Most insurers today are looking to outsource IT management processes, as it gives them a chance to do what they’re best at-insurance, without being distracted by auxiliary functionality requirements. Reliable IT services and consultancy providers like Ektha Solutions help create, integrate, implement and manage your IT infrastructure needs through end-to-end solutions that streamline the entire process. Our firm grasp over the insurance industry through our past experience has enabled us to offer deep business insights, while helping ensure compliance and engage customers through solutions, so you can enhance your competitive advantage. Also, as more and more consumers grow open to the idea of making insurance transactions and purchases through new channels, we can help you leverage these customers to grow your enterprise as on your success roadmap.
Feel free to get in touch with Ektha Solutions for more information, inquiries or suggestions.
