Banking & Finance

The Banking and Finance industry requires innovative and competitive products to cater the demands and requirements, this is the way forward, in order to facilitate the economic and customer retention, more importantly being cost efficient. These requires customized solutions and implementations for a rewarding yet challenging journey. Hence being equipped with the required navigation systems and support mechanisms to assure the journey is en route. In a niche industry as Banking and Finance any deviation off the grid will incur losses and prolong the desired progress.

At onyx we conduct in depth analysis and amalgamate with our innovative concept development techniques to aid banks and financial institutions globally to successfully manage their operations, catering the unprecedented operational and management challenges while setting far sights on emerging competition and readiness for any unforeseen challenges that could arise.

We assist banks and financial institutions with:
● Revamp product lines and boost sales effectiveness
● Develop customer loyalty and seize cross- and up-selling opportunities
● Reduce back office and administrative costs
● Process simplification and workflow management
● Optimize service operational mechanisms, such as – branch and ATM networks, online and mobile banking services
● Improve risk-evaluation methods—both managerial and technical
● Make use of the full potential of information technology resources, investments, and assets
● Assess business portfolios, manage divestment, and explore new markets, partnerships and opportunities
● Manage cultural change and build more effective organizations and decision-making capabilities
● Adjust business models and refocus immediate, mid and long-term strategy of the core businesses
● Design and support full-scale transformations and change management
● Credit Management & Recoveries
● Other ad hoc functionalities.

Application based banking and finance modules has revolutionised the functionally of banking and finance industry, with more user friendly and convenient methods on offer innovation, research and development for the just right products and services is a must. There are patches of struggling economies globally, lingering effects of the global credit meltdowns, the evolving Eurozone crisis, fluctuating interest rates by reserve banks / central banks, sweeping new regulations and tougher consumer oversight have dramatically changed how banks and financial institutions make money. All banks and financial institutes are continuously challenged to innovate pathways for growth and profitability amid significant market constraints. The developments in customer loyalty, identifying new profit ventures and strengthening risk management processes from text book style to a practical hands on; are some of the salient factors which will determine how banks and financial institutions will be better poised to compete in the industry geography irrespective of the constantly rising challenges.