Deregulation opened up a number of new businesses to banking and accelerated the consolidation of the financial services industry through mergers and acquisitions. This set the stage for the establishment of huge banking organizations of unprecedented size and complexity. Cost cutting continues to be a priority for banks including reduction of transaction costs, consolidation and rationalization.
Financial services institutions (FSIs) are also focusing on using technology to unlock differentiation, acquire new customers and increase revenue. Large FSIs will continue to develop new technologies and adapt to legislative and regulatory changes (such as Basel II and Check 21).
Introducing Lorven’s Solutions for Financial Services Institutions
Lorven provides solutions that help FSIs cope with the intensifying competition.
IoT Solutions
Cloud Solutions
Application Development Solutions
Data Analytics and Visualization
IT Consulting & Staffing
Key Features
Equity aggregation
Real-time banking and trading systems
Internet banking systems
Cash management systems
Bill payment systems
E-commerce
Core data processing systems
Electronic forms and submissions
Business intelligence and data warehousing applications
Legacy migration and integration
CRM systems